Talisman Mining (ASX:TLM) has risen from a recent low of 8c to a Monday high of 15.5c as interest builds in its Sandfire Resources JV
Talisman Mining (ASX:TLM) has risen from a recent low of 8c to a Monday high of 15.5c as interest builds in its Sandfire Resources JV. As James Marlay pointed out in a separate post, Sandfire Resources has commenced first-phase ground-based exploration activities at Talisman's Springfield Project in Western Australia. 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 had already identified a combined 65km strike length of prospective VMS horizon across the combined Talisman and Sandfire tenements. Sandfire's recent analysis has resulted in the detection of a late-time conductor that is interpreted to sit within the extension of the prospective DeGrussa stratigraphic horizon. The conductor sits just 5km east of the DeGrussa mine. We anticipate heightened market interest and further growth in Talisman's share price as activity continues.
Welcome to Livewire, Australia’s most trusted source of investment insights and analysis.
To continue reading this wire and get unlimited access to Livewire, join for free now and become a more informed and confident investor.
Gavin has been a senior resources analyst following the mining and energy sectors for the past 25 years, working with Intersuisse and Fat Prophets. He is also the Executive Director, Mining & Metals with Independent Investment Research (IIR).
Please sign in to comment on this wire.