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TALISMAN MINING LIMITED — Investor Presentation 2009
Sep 22, 2009
65926_rns_2009-09-22_b9155d7e-402e-468e-ad84-095b95fc90af.pdf
Investor Presentation
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“Building a Premier Australian Resources Company”
September 2009
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.
Our Vision…
“To build a quality Australian mining & exploration company focused on generating profits and shareholder returns…”
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A New Strategic Direction…
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Quality management team with strong backing: A highly successful precedent: Looking for growth: Strong foundations: Our point of difference:
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A New Strategic Direction…
Quality management team with strong backing: A highly successful precedent: Looking for growth: Strong foundations: Our point of difference:
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Quality Management with Strong Backing
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Key members of ex-Jubilee management team appointed: – 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) Strategic & supportive major shareholder: Kerry Harmanis (9.6% holding) – ex JBM Executive Chairman Strong backing and mentorship Seeking to expand and strengthen investor group Medium to long-term investment focus
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A New Strategic Direction…
Quality management team with strong backing: A highly successful precedent: Looking for growth: Strong foundations: Our point of difference:
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Jubilee… A Highly Successful Precedent
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Successful history with a disciplined focus on: Discovery, Development and Exploitation of Mineral Resources Profits and Returns to Shareholders Strong focus on Dividends Commitment to organic growth through exploration Consistent external recognition of performance: August 2005 & 2006 – voted by BRW as top company in terms of shareholder returns in Australia over previous 5 years October 2006 – named by Forbes Asia Magazine as “one of the Best 100 companies in Australia under US$1 billion” Takeover by Xstrata at A$23.00 per share crystallised shareholder value
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A New Strategic Direction…
Quality management team with strong backing: A highly successful precedent: Looking for growth: Strong foundations: Our point of difference:
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Talisman – Looking for Growth…
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Exploration & organic growth key to long-term success: Focused exploration efforts Proven exploration capabilities Appropriate ongoing funding levels Disciplined approach to acquisition & investment opportunities:
Focus on quality and value-adding capability Medium-to-long term investment outlook Incremental growth steps to create value:
Progressively add relevant exploration and production opportunities to our portfolio Take advantage of counter-cyclical resource opportunities Advance & add value to existing projects
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Talisman – Looking for Growth…
$5.2M capital raising completed in July 09 at 30cps Strongly supported by existing and new shareholders
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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 Nickel –
strategic input to global steel and stainless steel industry, demand expected to rebound with global economic recovery 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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A New Strategic Direction…
Quality management team with strong backing: A highly successful precedent: Looking for growth: Strong foundations: Our point of difference:
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Key Projects
SPRINGFIELD (Cu-Au)
WONMUNNA (Fe)
WANDANYA (Mn)
NICKEL PROJECT ?
100% owned Cu-Au VMS opportunity
100% owned JORC Resource Direct shipping component
100% owned Manganese province Realise value Preferred commodity Experience and expertise Opportunity
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Springfield Project – Overview
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100% owned Exploration Licence Applications covering 303 km! Peak Hill Mineral District Prospective for high-grade Copper-Gold (Cu-Au) VMSstyle 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: Abitibi, Canada (eg, Kidd Creek: ~150mt @ 2.3% Cu, 6.2% Zn, 87g/t Ag) Western Australia (eg, Golden Grove, Jaguar) No previous base metals exploration – previous work focused on gold and diamonds
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Springfield Project – Historical Exploration
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Review of historical data completed comprising: Airborne magnetics Geochemistry Minor drilling Series of significant copper anomalies identified in surface geochemistry Requires verification
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Springfield Project – Current Work
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Soil and lag geochemical sampling complete: Verify existing anomalism Extend coverage First pass test of south west extension Initial ground electromagnetic surveys (MLEM) being planned – to be completed by end of 2009 Grant of tenements expected by early 2010 Drilling to commence following tenement grant
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Wonmunna Project – Overview
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Wonmunna Project – Overview
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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) Marra Mamba-hosted hematite-goethite mineralisation Strategic location ~25km from worldclass iron ore mines (West Angelas, Hope Downs 1, Mining Area C)
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Wonmunna Project – Current Status
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Metallurgical testwork indicates ability to produce saleable grade DSO in lump and fines Lump : fines = 60 : 40 Amenable to free digging mining Scoping Study by AMC Consultants Pty Ltd completed in June 2009 Value-realisation options being considered
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Wandanya Manganese Project
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Three projects areas located in East Pilbara Manganese Province 50km from world-class Woodie Woodie Mine Proven Mn province Rock chips up to 65% Mn Detailed geophysics indicates multiple Manganese targets Value-realisation options being considered
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A New Strategic Direction…
Quality management team with strong backing: A highly successful precedent: Looking for growth: Strong foundations: Our point of difference:
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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 shareholder Genuine commitment to exploration Quality & consistency Returns to shareholders Growth
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Corporate Summary
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CAPITAL STRUCTURE 93.0M shares on issue 45.3M options on issue Market Capitalisation $53.9M (17 Sep 2009) (Undiluted @ 58 cents per share)
SUBSTANTIAL SHAREHOLDERS Kerry Harmanis 9.6% Steve Elliott 7.7%
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Our Vision…
“To build a quality mid-tier Australian mining & exploration company focused on generating profits and shareholder returns…”
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