REG - Talisman Metals PLC - Commencement of Exploration Work at Fougnar
24/02/2026 07:00
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RNS Number : 0854U Talisman Metals PLC 24 February 2026
RNS Number: 0854U
Talisman Metals PLC
24 February 2026
Talisman Metals PLC
("Talisman" or the "Company")
Commencement of Exploration Work at Fougnar Cu-Ag Project
Dublin, Ireland, 24 February 2026 - Talisman Metals PLC ("Talisman" or the
"Company") announces the commencement of a preliminary exploration programme
at its Fougnar Copper-Silver Project (the "Project") within the Tizert group
of licenses that Talisman recently acquired (see CPR report "Morocco Projects"
in the Admission Document dated 30 December 2025). The exploration work is
focused on improving the Company's understanding of structural geography at
the Project and establishing drill-ready targets for subsequent campaigns
later in 2026.
The exploration programme integrates trenching, ground geophysics, and stream
sediment sampling, designed to define priority targets across the Project
area. Additionally, a modest scout drill work program will be conducted to
improve Project stratigraphy understanding.
Talisman's CEO, Tim McCutcheon, said "Now that we have completed our
readmission, the Company is moving straight to field work. I look forward to
sharing the results of our work in due course."
Exploration Programme Overview
1-Ground geophysics, 2 phases:
Phase 1: Transient Electromagnetics (TEM) surveys on a 250m × 250m grid over
the southern permit area and Higher-Resolution TEM surveys on a 250m × 100m
grid over the northern permit area to map out structures that control
mineralisation (Paleorelief of basement rock) and resistive profiles to track
conductive "horizons" up to 500m deep. Phase 2: Four-pole dipole-dipole
Induced Polarisation (IP) 1km profiles across priority targets in the northern
permit area to track mineralised/conductive and chargeable sulphide rich
horizons up to 300m deep.
2-Regional surface geochemistry
Stream sediment sampling to extend geochemical coverage and identify
additional Cu-Ag and pathfinder anomalies across catchments on the west part
of the Project.
3-Follow up sampling known best surface intercepts at depth and along strike:
Mechanical trenching to expose bedrock beneath downslope material, measure
Cu-Ag grade and thickness along strike. Systematic channel sampling will be
conducted as well. This work aims to define the controls on mineralisation
continuity and to improve understanding of the structural components within
the host sedimentary units, and mineralisation thickness prior to conducting
systematic drilling. Scout reverse circulation drilling to test geological
stratigraphy associated with mapped data and outcropping Cu-Ag down dip from
previous trench results (FO-CH09 with 1.1m @ 1.16% Cu and 53g/t Au, FO-CH02
with 0.6m @ 0.41% Cu and FO-CH04 0.7m @ 0.70% Cu and 17g/t Au - See Figure 2).
Geological Rationale
The current programme is designed to test both strike and depth continuity of
mineralised Cu-Ag zones and to assess the broader prospectivity of the Project
area.
Next Steps
Mobilisation and field activities have commenced and will be completed over
the coming weeks. Results from trenching, geophysics, and geochemical sampling
will be used to refine drill targets, with further updates to be provided as
data become available.
Qualified Person
The technical disclosure in this news release has been approved by Fabien
Linares, MSc, MAusIMM, a Qualified Person as defined in JORC 2012. The
scientific and technical information summarized in this disclosure and related
to historic exploration was reviewed by Mr. Linares and he has visited the
Project area. Mr. Linares is Head Geologist of Talisman Metals PLC and has
sufficient experience that is relevant to the commodity, style of
mineralisation or type of deposit under consideration and activity which he is
undertaking to qualify as a Competent Person under the JORC code (2012
Edition).
Figure 1: Project Location Map
Figure 2: Project Location Map, detail
Figure 3: Mineralisation observed in the outcropping sedimentary host units on
Trench CH09 (left). Malachite and Azurite (copper-carbonate) mineralisation
from FO-CH09 (left)
End
For further information:
Talisman Metals PLC
Tim McCutcheon (Chief Executive Officer and Director)
Tel +353 (0) 1 525 6710
contactus@talismanmetalsplc.com (mailto:contactus@talismanmetalsplc.com)
Beaumont Cornish Limited (Nominated Adviser)
James Biddle / Roland Cornish
Tel: +44 (0) 207 628 3396
CMC Markets UK Plc (Broker)
Thomas Smith / Thomas Curran
Tel: +44 (0) 20 3003 8255
BlytheRay (Financial PR)
Megan Ray / Said Izagaren
Tel: +44 (0) 20 7138 3204
talismanmetals@blytheray.com (mailto:talismanmetals@blytheray.com)
JORC Code (2012) - Historical Exploration Results Disclaimer
The information in this announcement that relates to historical reported
exploration results is based on, and fairly represents, information and
supporting documentation prepared by previous operators and/or extracted from
historical reports.
The historical exploration results referred to in this announcement were
reported prior to the introduction of the JORC Code (2012) and have not been
reported in accordance with the JORC Code (2012).
A Competent Person has not done sufficient work to disclose the historical
exploration results in accordance with the JORC Code (2012). It is possible
that following further evaluation and/or exploration work, the accuracy and
reliability of the historical exploration results may not be confirmed.
The Company has not independently verified the historical exploration results,
and no assurance can be given that future exploration work will result in the
confirmation or upgrade of the historical results to JORC Code (2012)
compliant Mineral Resources or Ore Reserves.
The Company considers the historical exploration results to be relevant as
they provide an indication of the potential of the project. However, the
information should not be relied upon as a representation of the current
mineral resource or exploration potential.
Nominated Adviser Statement
Beaumont Cornish Limited ("Beaumont Cornish"), is the Company's Nominated
Adviser and is authorised and regulated in the United Kingdom by the Financial
Conduct Authority. Beaumont Cornish's responsibilities as the Company's
Nominated Adviser, including a responsibility to advise and guide the Company
on its responsibilities under the AIM Rules for Companies and AIM Rules for
Nominated Advisers, are owed solely to the London Stock Exchange. Beaumont
Cornish is not acting for and will not be responsible to any other person for
providing the protections afforded to customers of Beaumont Cornish nor for
advising them in relation to the transaction and arrangements described in the
announcement or any matter referred to in it.
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