Talisman Mining Limited announced that it has about to embark on its 2023 drilling campaign at its 100%-owned Lachlan Copper-Gold Project in NSW. Drilling will commence shortly at the Bonzer VTEM Anomaly, being the first target tested in what is expected to be the larger and most important drill campaign undertaken to date at the Company's Central Lachlan Project. The upcoming drilling will systematically test a series of highly prospective conductive and gravity high anomalies identified from the regional-scale VTEM Max Airborne Electro-magnetic (AEM) and FALCON Airborne Gravity Gradiometry (AGG) geophysical surveys conducted across the Central Lachlan Project as part of Talisman's 2022 exploration programs. This phase of drilling represents the first test of the geophysical targets generated from the 2022 AEM and AGG surveys and will provide an important proof-of-concept of the Company's strategy of fast-tracking exploration activities by utilising newly-acquired, high-quality regional datasets to target areas most likely to return a new mineral discovery.

The Bonzer VTEM Anomaly, located to the north-east of the Kaolin Shaft Gold Prospect in a known mineralised zone, is a concealed highly conductive anomaly identified from Talisman's 2022 regional AEM survey. The anomaly is located adjacent to the intersection of two regional-scale structures in a zone interpreted to have significant fracturing, facilitating the conduit of mineralised fluids. It is thought that the conductive response is indicative of sulphide mineralisation associated with hydrothermal fluid flow subsequent to fracturing and deformation.

A total of 12 targets will be tested as part of the current program across five Exploration Licences (EL's) for an initial 10,000 metres of drilling. Additional drilling has been provided for within regulatory approvals for the current drilling program. Tenure targeted during this campaign includes EL's 8414, 8547, 8658, 8680 and 9298.