Talisman Acquires New South Wales' Yarindury Copper and Gold Project

Talisman Mining has been awarded a new tenement, EL 9679, which shows promising potential for copper and gold in New South Wales, Australia. Named the Yarindury Project, this tenement is located 30km east of Dubbo within the Macquarie Volcanic Arc in central-western NSW. The project features several porphyry-style magnetic targets with promising geology and copper-gold anomalies, suggesting the possibility of significant mineral deposits.

Strategically positioned in the same geological belt as Alkane Resources' Boda-Kaiser Project, which boasts substantial mineral resources, the Yarindury Project also shares geological similarities with Newmont’s Cadia deposit, one of Australia's largest gold and copper mines. Formerly managed by Alice Queen, the Yarindury Project underwent minimal exploration, with just two diamond drill holes completed in partnership with Newcrest in 2018. These holes identified favorable rock units with minor copper and gold, but the largest magnetic anomaly remains unexplored.

The project lies along the northern extension of the highly prospective Molong Volcanic Belt. Talisman’s exploration strategy aims to uncover potential large-scale porphyry or other copper and gold deposits within this volcanic basement. The company has secured a landholder access agreement and plans to submit an exploration application to the NSW Department of Primary Industries and Regional Development.

The initial exploration program will involve drilling five diamond holes targeting the basement rocks at a significant geophysical feature, with further drilling planned based on the initial findings. Pending approval from the NSW Government, drilling is expected to begin in the September quarter.

Talisman’s Managing Director, Andrew Munckton, commented: “With global copper and gold prices on the rise, this new project provides exploration opportunities within the Tier 1 Molong Volcanic Belt, known for its major porphyry-style copper-gold deposits. The Yarindury Project’s location and its comparison to the world-class Cadia Ridgeway deposits highlight the scale of the opportunity. The initial drilling phase will offer crucial geological insights into the potential size and style of the copper-gold mineralization related to the large geophysical anomaly.”

In April 2024, Talisman resumed field-based exploration work at the Mabel Creek Prospect in central South Australia.

Talisman Mining Limited (ASX: TLM) is an Australian company focused on mineral development and exploration. The company's goal is to enhance shareholder value by exploring, discovering, and developing opportunities in base and precious metals.

Talisman has acquired tenements in the Cobar/Mineral Hill region of Central NSW through both direct Exploration Licenses and a joint venture agreement. This region, known for its rich mineralization, is home to notable mines such as CSA, Tritton, and Hera/Nymagee. It features highly prospective geology that has yielded numerous high-grade, long-lasting mineral discoveries. Within its Lachlan Cu-Au Project tenements, Talisman has identified several areas with indications of base and precious metal potential, though they have seen minimal modern systematic exploration. Talisman is actively exploring these targets, believing that there is significant potential for discovering substantial base metals and gold deposits within this land package.