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An update from Talisman Mining Limited ( (AU:TLM) ) is now available.
Talisman Mining Limited has reported significant progress in its exploration activities at the Walkers Hill gold target in New South Wales. The company completed a 5-hole reverse circulation drilling program at the Sheepyard Prospect, intersecting broad zones of shallow, low-grade gold mineralization. Planning for further exploration is underway, indicating potential for future resource development. Additionally, Talisman received $1.55 million in royalty cash receipts from the Wonmunna Iron Ore Project, maintaining a strong cash position of $4.07 million at the end of September. These developments highlight Talisman’s strategic focus on expanding its resource base and strengthening its financial position.
More about Talisman Mining Limited
Talisman Mining Limited operates in the mining industry, focusing on the exploration and development of mineral resources. The company is primarily involved in the search for gold and base metals, with a specific focus on projects located in New South Wales, Australia.
Average Trading Volume: 146,536
Technical Sentiment Signal: Sell
Current Market Cap: A$24.48M
See more insights into TLM stock on TipRanks’ Stock Analysis page.