Talisman Mining surges on expanding exploration license in New South Wales

Talisman Mining

04/04/2022 06:35

** Gold and base metals miner Talisman Mining  TLM.AX  rises
as much as 2.94% to A$0.175, set to gain most since March 21
    ** Says https://wcsecure.weblink.com.au/pdf/TLM/02506090.pdf
 it has expanded tenure position by acquiring exploration
licence in the Southern Cobar Superbasin in New South Wales from
Rio Tinto Exploration 
    ** Adds that area covered under licence deemed "highly
prospective for copper-gold mineralisation"
    ** Rio Tinto Exploration retains option to buy back 30%
stake in the tenement
    ** Says plans to start negotiations with land-holders for
access and exploration, and begin surveys before drill testing
    ** Stock has risen 6.25% this year, as of last close

 (Reporting by Anan Ashraf)
 ((Anan.Ashraf@thomsonreuters.com))