Talisman Mining (ASX: TLM, Share Price: $0.47, Market Cap: $68m) is one of our favourite exploration plays. Its flagship Springfield exploration project in Western Australia involves a seemingly company-making farm-out JV with Sandfire Resources (ASX: SFR), under which Sandfire can earn up to a 70% stake in three of Talisman’s projects by spending at least $15m over a 5½-year period.
Sandfire Resources NL is pleased to provide an update on ongoing exploration drilling being undertaken at the Monty copper-gold discovery located 10km east of the DeGrussa Copper-Gold Mine on the Springfield Project, part of its farm-in with Talisman Mining Limited (ASX: TLM; “Talisman”) (see Figures 1 and 2).
Talisman Mining Limited (ASX: TLM “Talisman”) is pleased to announce that Sandfire Resources NL (ASX: SFR; “Sandfire”) has provided an update on ongoing diamond drilling being undertaken at the Monty copper-gold discovery within Talisman’s Springfield Project located approximately 10km east of the DeGrussa Copper-Gold Mine.
A hugely-credentialed exploration company with a $15m farm-out JV with Sandfire Resources over its Bryah Basin acreage. Drilling has revealed the first regional mineralised sulphides outside of DeGrussa.