REG - Talisman Metals PLC - Fougnar Exploration Update

Talisman MetalsAnnouncement

17/03/2026 07:00

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RNS Number : 8605W  Talisman Metals PLC   17 March 2026

RNS Number:

Talisman Metals PLC

17 March 2026

 

 

 

Talisman Metals PLC

 

("Talisman" or the "Company")

 

 

Fougnar Exploration Update

 

 

Dublin, Ireland, 17 March 2026 - Talisman Metals PLC ("Talisman" or the
"Company") announces an exploration update as of 13 March 2026 on its
preliminary programme at its Fougnar Copper-Silver Project (the "Project",
Figure 1). The update notes the successful completion of the Company's stream
sediment sampling work, and the 76% completion of its Ground Transient
Electromagnetics ("TEM") planned grid. Additionally, two trenches were dug
which have visible copper mineralization (malachite) shows within the channel
sampling. The Company is in the process of finishing a modest reverse
circulation ("RC") scout drilling programme that includes two drillholes on
each of the two licenses of the Project (see press release dated 24 February
2026).

 

Talisman's CEO, Tim McCutcheon, said "We are close to the completion of
initial field work at Fougnar.   We now move to having samples analysed and
geophysical data processed in order to determine priority targets for further
study and general Project evaluation. Each step of the exploration programme
dramatically increases our understanding of Fougnar, and we look forward to
reporting further progress in the coming weeks and months."

 

Exploration Programme Update:

 

Ground geophysics:

 

TEM surveys: a High-Resolution TEM survey on a 250m × 100m grid over target
area on the northern permit of the Project is now complete (416
Electro-Magnetic ("EM") Stations). Pre-processed data highlighted a zone that
shows strong conductivity and appears partially continuous, slightly folded,
with offsets that could be interpreted as normal controlling a horst and
graben system (topography consisting of alternating raised and lowered fault
blocks). Inversion will be done on 1D Cole-Cole and 2D interpolation (industry
standard data modelling system). This work will be done to map out structures
that control mineralisation and resistive profiles to track conductive
"horizons" up to 500m deep.

 

A lower resolution 250m × 250m grid over the target area of the Project's
southern permit has commenced, with 18 out of 153 planned EM Stations
completed.

 

Induced Polarisation ("IP") surveys: Based on the results from the TEM
sections, Four-pole dipole-dipole IP surveys (use of four poles to transmit
and receive electricity for best coverage) of 1km profiles across priority
targets in the Project northern permit area will be surveyed to track
mineralised/conductive and chargeable sulphide rich horizons up to 300m deep.

 

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 has been completed with 154 Samples including 7 CRMs, 7 Blanks,
8 Field Duplicates.

 

Follow-up sampling of known best surface intercepts at depth and along strike:

 

Two trenches have been completed on the northern permit to expose bedrock
beneath downslope material in order to measure Cu-Ag grade and thickness along
strike. Systematic channel sampling has commenced 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.

 

The drilling of two scout RC drill holes has begun on site 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 press
release 24 February 2026).

 

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

 

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

 

 

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.

Technical Glossary

 

 Ag                                            Silver
 Cu                                            Copper
 CRM                                           Certified reference materials
 "Transient Electromagnetics ("TEM") surveys"  A geophysical technique used to obtain vertical resistivity soundings and is
                                               particularly effective for detecting conductive materials. It operates by
                                               inducing electric current flow within the subsurface and measuring the
                                               subsequent decay response of the magnetic field.
 "Induced Polarisation ("IP") surveys"         A geophysical imaging technique used to identify the electrical chargeability
                                               of subsurface materials. The process involves transmitting an electric current
                                               into the ground and measuring the voltage decay curve after the current is
                                               switched off, which indicates the material's capacity to retain charges over
                                               time.
 "Reverse Circulation ("RC") drilling"         A fast, cost-effective method for collecting rock samples. Compressed air is
                                               pumped down the annulus (the space between inner and outer drilling tubes),
                                               while pulverized rock cuttings are forced back up through the inner tube to
                                               the surface. This "reverse" flow is what gives the method its name and ensures
                                               dry, uncontaminated samples suitable for analysis.

 

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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