Since rewarding shareholders with a A$0.22/share return of capital and fully franked dividend from the sale of the 30% share in the Springfield JV in WA to Sandfire Resources (ASX: SFR, “Sandfire”), Talisman Mining Limited (“Talisman” or “the Company”) is now concentrating exploration activities on the Cobar Basin in the Lachlan Fold Belt (“LFB”) of New South Wales.
The Cobar Basin, which is the most mineralised poly-metallic basin in New South Wales, has a long history of mining dating back to 1871, and is the home to a number of past and present major base and precious metal operations, including, amongst others CSA and the Peak. The region continues to deliver very strong results from exploration, with our view being that further economically viable discoveries are still to be made.
