Underground mining scene, haul truck driving, illuminated walls
Source: Adobe Stock.
The Market Online - At The Bell

Join our daily newsletter At The Bell to receive exclusive market insights

Talisman Mining Ltd (ASX:TLM) has extended its copper-gold footprint in New South Wales through its acquisition of the Yarindury porphyry project, located 30 kilometres east of Dubbo.

Previously held by Alice Queen through a joint venture with Newcrest, the project has experienced minimal exploration, although two diamond holes confirmed the prospective
geology and returned anomalous copper mineralisation.

Additionally, Yarindury features large-scale magnetic geophysical anomalies which remain untested, and the same prospective rock types as Alkane Resources Ltd’s (ASX:ALK) Boda-Kaiser Project, which is situated in the same mineralised belt.

The latter project carries a mineral resource estimate (MRE) of 8.3 million ounces (Moz) of gold and 1.5 million tonnes of copper, and lies 20km to the south-east.

Managing Director Andrew Munckton, said Yarindury was an exciting addition to the Talisman portfolio.

“At a time of strengthening copper and gold prices around the world, this new project offers exploration exposure to the Tier 1 Molong Volcanic Belt, which hosts several major porphyry style copper-gold deposits,” he said.

“Yarindury’s location within the Molong Volcanic Belt and its side-by-side comparison with the world-class Cadia Ridgeway deposits clearly demonstrates the significant scale of the opportunity.”

Talisman has been trading at 25.5 cents.

TLM by the numbers
More From The Market Online
The Market Online Video

ASX Market Close: RBA keeps rates on hold amid sticky inflation | November 5, 2024

The Reserve Bank Board has kept interest rates on hold at 4.35% in line with consensus…
The Market Online Video

Timing will be everything for ‘smashing’ Hot Stock tip Judo Capital Holdings

Australian bank Judo Capital Holdings (ASX:JDO), best known for its finance and credit for small and medium-sized businesses, is
The Market Online Video

‘We’re looking’: Nickel-rich Indonesia sounds graphite warning to Aus producers

Nickel-rich Indonesia muscles in on Australian graphite producers as the Southeast Asian country expands into downstream…
Confused man

Aussie inflation seemingly hit a 3 year low. So why’s the ASX200 red?

Headline inflation in Australia has fallen to 2.8%, and that officially takes us into the RBA's…