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TALISMAN MINING LIMITED — Investor Presentation 2009
Oct 22, 2009
65926_rns_2009-10-22_cf5d29f8-4025-4f9e-9af1-0b611a0a3fb0.pdf
Investor Presentation
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TALISMAN MINING
Talisman Mining Ltd � ABN 71 079 536 495 6 Centro Avenue, Subiaco, WA 6008, Australia PO Box 1262, Subiaco, WA 6904, Australia Tel 618 9380 4230 � Fax 618 9382 8200 www.talismanmining.com.au
23 October 2009
The Manager Company Announcements Office Australian Securities Exchange
By Electronic Lodgement
UPDATED CORPORATE PRESENTATION
Please find attached an Updated Corporate Presentation for Talisman Mining Limited.
Yours sincerely
Gary Lethridge Managing Director
Encl
091023_TLM_ASX_CorporatePresentation.doc
PAGE 1 OF 1
ASX Codes: TLM, TLMO
“Building a Premier Australian Resources Company”
October 2009
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Disclaimer and Forward-Looking Statements
Competent Person’s Statement
Information in this presentation that relates to Exploration Results and Mineral Resources is based on information compiled by Mr Harry Cornelius, who is a member of the Australasian Institute of Mining and Metallurgy. Mr Harry Cornelius is a full time employee of Talisman Mining Ltd and has sufficient experience which is relevant to the style of mineralisation and types of deposit under consideration and to the activities undertaken to qualify as a Competent Person as defined in the 2004 Edition of the “Australian Code for Reporting of Mineral Resources and Ore Reserves”. Mr Harry Cornelius consents to the inclusion in this presentation of the matters based on information in the form and context in which it appears.
- Forward Looking Statements
This presentation may include forward-looking statements. These forward-looking statements are based on management’s expectations and beliefs concerning future events. Forward-looking statements are necessarily subject to risks, uncertainties and other factors, many of which are outside the control of Talisman Mining Limited, that could cause actual results to differ materially from such statements. Talisman Mining Limited makes no undertaking to subsequently update or revise the forward-looking statements made in this release to reflect events or circumstances after the date of this release.
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Our Vision…
“To build a quality Australian mining & exploration company focused on generating profits and shareholder returns…”
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Quality Management with Strong Backing
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– Gary Lethridge (Managing Director) ex JBM EGM-Corporate/CFO – Peter Langworthy (Executive Director) ex JBM EGM-Exploration – Brian Dawes (Executive Director) ex JBM EGM-Operations & Projects – ex JBM Non-Executive Director Alan Senior (Chairman) – ex North Limited CFO Karen Gadsby (Non Executive Director) Strategic & supportive major shareholder: Kerry Harmanis (13.4% holding) – ex JBM Executive Chairman
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2009 … the story so far
Growing awareness & support from investment community Recognition of potential of Springfield Project
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Pathways to Growth…
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Exploration & organic growth key to long-term success: Proven exploration capabilities Appropriate ongoing funding levels Incremental growth steps to create value: Advance & add value to existing projects Progressively add relevant exploration and production opportunities to our portfolio Disciplined approach to acquisition & investment opportunities: Focus on quality first and value-adding capability
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Commodity Focus…
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Copper –
low barriers to entry, strong longer term outlook, relatively short lead time to development
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Nickel –
strategic input to global steel and stainless steel industry, demand expected to rebound with global economic recovery
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Iron Ore & Manganese –
as China’s growth & urbanisation continues so will demand for iron ore & manganese (used in steel) Gold –
long term strategic value shift in price due to recent financial upheaval, inflationary impact of stimulus packages
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Project Review
100% owned SPRINGFIELD (Cu-Au) Cu-Au VMS opportunity Emerging VMS camp
100% owned JORC Resource (incl. DSO) Exploring value realisation options
WONMUNNA (Fe)
JV with Shaw River Resources Focused Mn explorers Added value
WANDANYA (Mn)
Experience and expertise Opportunity?
NICKEL PROJECT ?
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Project Review – where are we?
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Western Australian focus Springfield Cu-Au Project Emerging project pipeline – Bryah Basin: Milgun (VMS Cu-Au) Shelby (VMS Cu-Au) Other projects: Uaroo (VMS Cu-Au) Wonmunna (iron ore) Shaw River JV (Mn)
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Springfield Project – Overview
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Exploration Licence Applications covering 303 km²
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Grant of tenements anticipated in early 2010
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Peak Hill Mineral District (Bryah Basin) Prospective for high-grade Copper-Gold (Cu-Au) VMS-style deposits Proximity to Sandfire Resources’ Doolgunna Project Close to established transport and energy corridors
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Springfield Project – Overview
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Tenements cover approximately 25km strike length of prospective geology (Upper Narracoota Formation)
Exploration model based on understanding VMS Camps – where deposits generally occur in “clusters”, such as:
Canada (eg, Kidd Creek, Bathurst, Noranda): Australia (eg, Golden Grove, Jaguar, Rosebery, Mt Lyell)
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No historic base metals
exploration – previous work focused on gold and diamonds
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Springfield Project – Recent Work
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First phase of soil and lag geochemical sampling complete Northern zone: Series of discrete copper anomalies identified Along strike from DeGrussa Southern zone: New extensive zone of copper anomalism over +9km strike length 5 distinct anomalies Standalone gold anomaly
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Springfield Project – Current Work
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Northern zone: Extension and infill soil sampling in progress Initial ground electromagnetic surveys (MLEM) Nov/Dec 2009 Southern zone: Extension and infill lag sampling
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Volcanogenic Massive Sulphide (VMS) Geological Model
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The Evolution of a World-Class VMS Camp
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1938:
1958 – 1960 1 Deposit 4 Deposits 1960 – 1970 1938 – 1952: 6 Deposits 2 Deposits 1970 – 1980 1952 – 1954: 3 Deposits 6 Deposits 1980 – 1990 1954 – 1956: 3 Deposits 11 Deposits TOTAL: 1956 – 1958: 41 Deposits for 5 Deposits 490.5Mt
11 Deposits 1956 – 1958: 5 Deposits
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An Emerging World-Class VMS Camp?
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1980’s
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2009
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Horseshoe Lights VMS deposit discovered
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DeGrussa/Conductor 1 Cu-Au discoveries (Doolgunna Project) – JORC resource in progress
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Springfield Project – Summary
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Large landholding (EL applications) in close proximity to recent Doolgunna high-grade copper-gold VMS discovery Extension of prospective Upper Narracoota Volcanic formation Strong emerging geochemical support VMS camp model highlights discovery potential Active exploration underway Initial drilling proposed for Q1 2010
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Wonmunna Project
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Wonmunna Project
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Inferred Resource of 78.3Mt @ 56.0% Fe (50% Fe cut-off) Includes high-grade DSO resource of 10.0Mt @ 61.3 % Fe (60% cut-off) Testwork indicates ability to produce saleable grade DSO in lump and fines Scoping Study completed Value realisation options under review
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Shaw River Manganese JV
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Three project areas in emerging E. Pilbara Manganese Province 50km from world-class Woodie Woodie Mine Farm-out agreement recently concluded with Shaw River Resources Shaw River to earn up to 70% interest by funding exploration and up-front payment of $50k cash and 1 million SRR shares
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Corporate Summary
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CAPITAL STRUCTURE 93.0M shares on issue 45.3M options on issue Market Capitalisation $102M (20 Oct 2009) (Undiluted @ $1.10 cents per share) Cash $7.5M (at 20 October 2009) SUBSTANTIAL SHAREHOLDERS Kerry Harmanis 13.4%
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Our Point of Difference…
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Commitment to delivering on what we say we will do Ability to identify, evaluate & exploit valuable new opportunities Strong support of strategic shareholders Genuine commitment to exploration Quality first & focus Returns to shareholders Growth
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Our Vision…
“To build a quality Australian mining & exploration company focused on generating profits and shareholder returns…”
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