Hole ID

Depth

Dip

Azimuth

Grid_ID

East

North

RL

Lease ID

Hole Status

SPD021

553

-60°

180°

MGA94_50

743598

7171437

598

E52/2282

Complete

TLDD0001

1099

-62°

357°

MGA94_50

740146

7174149

589

E52/2313

Complete

TLDD0002A

463

-61°

110°

MGA94_50

743544

7171211

602

E52/2282

Complete

TLDD0003

658

-62°

355°

MGA94_50

740596

7174550

589

E52/2313

Complete

TLDD0004A

817

-60°

148°

MGA94_50

743588

7171281

601

E52/2282

Complete

TLDD0005

478

-62°

139°

MGA94_50

743544

7171211

602

E52/2282

Complete

TLDD0006

Ongoing

-62°

138°

MGA94_50

743479

7171160

602

E52/2282

In Progress

TLRC0004

306

-62°

143°

MGA94_50

743497

7171025

605

E52/2282

Complete

TLRC0005

Ongoing

-62°

138°

MGA94_50

743321

7170993

602

E52/2282

In Progress

Intersection

Mineralisation

From (m)

To (m)

Intercept

Down Hole

Cu (pct)

Au

(ppm)

Ag

(ppm)

Zn (pct)

Sample Type

416.7

417.0

0.3

0.6

0.4

2.0

0.1

Half Core

417.0

417.3

0.3

8.1

4.0

18.9

5.1

Half Core

417.3

418.1

0.8

22.2

2.2

18.0

1.7

Half Core

418.1

418.7

0.6

13.9

5.6

22.9

3.4

Half Core

418.7

419.1

0.4

4.6

4.0

15.9

2.7

Half Core

419.1

419.9

0.9

6.7

5.2

14.1

3.6

Half Core

419.9

420.8

0.9

20.5

1.9

23.4

2.1

Half Core

420.8

421.6

0.8

8.9

2.1

11.8

1.3

Half Core

421.6

422.4

0.8

6.8

2.7

10.4

1.0

Half Core

422.4

423.3

0.9

10.3

1.8

14.1

1.7

Half Core

423.3

423.7

0.4

2.7

0.6

4.7

0.7

Half Core

423.7

424.3

0.6

0.5

1.7

6.9

1.4

Half Core

424.3

425.2

0.9

17.4

3.6

42.8

3.6

Half Core

425.2

425.6

0.3

3.6

5.1

36.1

5.3

Half Core

425.6

426.2

0.6

22.7

1.3

32.1

0.8

Half Core

426.2

426.5

0.3

0.4

0.5

2.5

0.3

Half Core

426.5

427.3

0.8

1.0

1.0

0.1

Half Core

427.3

427.8

0.5

1.0

1.3

4.3

0.1

Half Core

427.8

428.5

0.7

0.7

0.3

1.1

Half Core

428.5

429.4

0.9

0.4

0.1

0.5

0.1

Half Core

429.4

429.8

0.4

3.4

0.1

2.2

0.1

Half Core

429.8

430.5

0.7

0.1

0.3

0.1

Half Core

430.5

431.5

1.0

0.2

0.2

0.1

Half Core

431.5

432.4

0.9

0.5

0.8

0.1

Half Core

432.4

433.2

0.8

0.1

0.1

Half Core

433.2

434.0

0.8

Half Core

Criteria

JORC Code Explanation

Commentary

Sampling

techniques

• Nature and quality of sampling (eg cut channels, random chips, or specific specialised industry standard measurement tools appropriate to the minerals under investigation, such as down hole gamma sondes, or handheld XRF instruments, etc). These examples should not be taken as limiting the broad meaning of sampling.

• Sampling method is half-core sampling of NQ2 core Diamond drilling (DD).

Sampling

techniques

• Include reference to measures taken to ensure sample representivity and the appropriate calibration of any measurement tools or systems used.

• Sampling is guided by Sandfire protocols as per industry standard.

Sampling

techniques

• Aspects of the determination of mineralisation that are

Material to the Public Report.

• In cases where 'industry standard' work has been done this would be relatively simple (eg 'reverse circulation drilling was used to obtain 1 m samples from which 3 kg was pulverised to produce a 30 g charge for fire assay'). In other cases more explanation may be required, such as where there is coarse gold that has inherent sampling problems. Unusual commodities or mineralisation types (eg submarine nodules) may warrant disclosure of detailed information.

• Sample size reduction is through a Jaques jaw crusher to -10mm and all samples Boyd crushed to -4mm and pulverised via LM5 to nominal 90% passing -75µm using wet sieving technique.

• Samples are assayed using Mixed 4 Acid Digest (MAD) 0.3g charge and

MAD Hotbox 0.15g charge methods with ICPOES or ICPMS.

• Fire Assay is completed by firing 40g portion of the sample with ICPMS finish.

Drilling

techniques

• Drill type (eg core, reverse circulation, open-hole hammer, rotary air blast, auger, Bangka, sonic, etc) and details (eg core diameter, triple or standard tube, depth of Diamond tails, face-sampling bit or other type, whether core is oriented and if so, by what method, etc).

• DD is completed using NQ2 size coring equipment.

• All drill collars are surveyed using RTK GPS with downhole surveying.

• All core where possible is oriented using a Reflex ACT II RD orientation tool.

• Downhole surveying is undertaken using a gyroscopic survey instrument.

Drill sample

recovery

• Method of recording and assessing core and chip sample recoveries and results assessed.

• Diamond core recovery is logged and captured into the database. Core recoveries are measured by drillers for every drill run. The core length recovered is physically measured for each run and recorded and used to calculate the core recovery as a perecentage core recovered.

Drill sample

recovery

• Measures taken to maximise sample recovery and ensure representative nature of the samples.

• Appropriate measures are taken to maximise sample recovery and ensure the representative nature of the samples. This includes Diamond core being reconstructed into continuous intervals on angle iron racks for orientation,

Criteria

JORC Code Explanation

Commentary

metre marking and reconciled against core block markers.

• Samples are routinely weighed and captured into the central secured database.

• Whether a relationship exists between sample recovery and grade and whether sample bias may have occurred due to preferential loss/gain of fine/coarse material.

• No sample recovery issues have impacted on potential sample bias.

Logging

• Whether core and chip samples have been geologically and geotechnically logged to a level of detail to support appropriate Mineral Resource estimation, mining studies and metallurgical studies.

• Geological logging is completed for all holes and representative across the orebody. The lithology, alteration and structural characteristics of core are logged directly to a digital format following procedures and using Sandfire NL geologic codes. Data is imported into Sandfire NL's central database after validation in LogChief™.

Logging

• Whether logging is qualitative or quantitative in nature. Core

(or costean, channel, etc) photography.

• Logging is both qualitative and quantitative depending on field being logged.

• All cores are photographed.

Logging

• The total length and percentage of the relevant intersections logged.

• All drillholes are fully logged.

Sub-sampling

techniques and sample preparation

• If core, whether cut or sawn and whether quarter, half or all core taken.

• Core orientation are completed where possible and all were marked prior to sampling. Half core samples are produced using Almonte Core Saw. Samples are weighed and recorded.

Sub-sampling

techniques and sample preparation

• If non-core, whether riffled, tube sampled, rotary split, etc and whether sampled wet or dry.

• All samples are half-core.

Sub-sampling

techniques and sample preparation

• For all sample types, the nature, quality and appropriateness of the sample preparation technique.

• All samples are sorted, dried at 80° for up to 24 hours and weighed. Samples are then crushed through Jaques crusher to nominal -10mm. A second stage crushing is through Boyd crusher to nominal -4mm. Sample splits are weighed at a frequency of 1:20 and entered into the job results file. Pulverising is completed using LM5 mill to 90% passing 75%µm using wet sieving technique.

Sub-sampling

techniques and sample preparation

• Quality control procedures adopted for all sub-sampling stages to maximise representivity of samples.

• 1:20 grind quality checks are completed for 90% passing 75%µm criteria to ensure representativeness of sub-samples.

• Measures taken to ensure that the sampling is representative of the in situ material collected, including for instance results for field duplicate/second-half sampling.

• Sampling is carried out in accordance with Sandfire protocols as per industry best practice.

• No field duplicates have been taken.

Criteria

JORC Code Explanation

Commentary

• Whether sample sizes are appropriate to the grain size of the material being sampled

• The sample sizes are considered appropriate for the VHMS and Gold mineralisation types.

Quality of assay data and

laboratory tests

• The nature, quality and appropriateness of the assaying and laboratory procedures used and whether the technique is considered partial or total.

• Samples are assayed using Mixed 4 Acid Digest (MAD) 0.3g charge and MAD Hotbox 0.15g charge methods with ICPOES or ICPMS. The samples are digested and refluxed with a mixture of acids including Hydrofluoric, Nitric, Hydrochloric and Perchloric acids and conducted for multi elements including Cu, Pb, Zn, Ag, As, Fe, S, Sb, Bi, Mo, Re, Mn, Co, Cd, Cr, Ni, Se, Te, Ti, Zr, V, Sn, W and Ba. The MAD Hotbox method is an extended digest method that approaches a total digest for many elements however some refractory minerals are not completely attacked. The elements S, Cu, Zn, Co, Fe, Ca, Mg, Mn, Ni, Cr, Ti, K, Na, V are determined by ICPOES, and Ag, Pb, As, Sb, Bi, Cd, Se, Te, Mo, Re, Zr, Ba, Sn, W are determined by ICPMS. Samples are analysed for Au, Pd and Pt by firing a 40g of sample with ICP AES/MS finish. Lower sample weights are employed where samples have very high S contents. This is a classical FA process and results in total separation of Au, Pt and Pd in the samples.

• The analytical methods are considered appropriate for this mineralisation styles.

• For geophysical tools, spectrometers, handheld XRF instruments, etc, the parameters used in determining the analysis including instrument make and model, reading times, calibrations factors applied and their derivation, etc.

• No geophysical tools are used in the analysis.

• Nature of quality control procedures adopted (eg standards, blanks, duplicates, external laboratory checks) and whether acceptable levels of accuracy (ie lack of bias) and precision have been established.

• Sandfire DeGrussa QAQC protocol is considered industry standard with standard reference material (SRM) submitted on regular basis with routine samples. SRMs and blanks are inserted at a minimum of 5% frequency rate.

Verification of

sampling and assaying

• The verification of significant intersections by either independent or alternative company personnel.

• Significant intersections have been verified by alternative company personnel.

Verification of

sampling and assaying

• The use of twinned holes.

• None of the drillholes in this report is twinned.

Criteria

JORC Code Explanation

Commentary

• Documentation of primary data, data entry procedures, data verification, data storage (physical and electronic) protocols.

• Primary data are captured on field tough book laptops using Logchief™ Software. The software has validation routines and data is then imported into a secure central database.

• Discuss any adjustment to assay data.

• The primary data is always kept and is never replaced by adjusted or interpreted data.

Location of data

points

• Accuracy and quality of surveys used to locate drill holes (collar and down-hole surveys), trenches, mine workings and other locations used in Mineral Resource estimation.

• Sandfire Survey team undertakes survey works under the guidelines of best industry practice.

• All drill collars are accurately surveyed using RTK GPS system within +/-

50mm of accuracy (X, Y, Z).

• Coordinates are based on control previously established by MHR Surveyors which was derived by ties into the Government SSM/BM network.

• Downhole survey completed by gyroscopic downhole methods at regular intervals.

Location of data

points

• Specification of the grid system used.

• Coordinate and azimuth are reported in MGA 94 Zone 50.

Location of data

points

• Quality and adequacy of topographic control.

• Topographic control was established from aerial photography using a series of

33 surveyed control points.

Data spacing and distribution

• Data spacing for reporting of Exploration Results.

• TLDD0004A was the first drill hole to intersect the modelled EM plate.

• TLDD0005 has intersected massive sulphide mineralisation approximately 70 metres along strike to the south west from TLDD0004A.

Data spacing and distribution

• Whether the data spacing and distribution is sufficient to establish the degree of geological and grade continuity appropriate for the Mineral Resource and Ore Reserve estimation procedure(s) and classifications applied.

• TLDD0004A was the first drillhole to intersect the modelled EM plate.

• TLDD0005 has intersected massive sulphide mineralisation approximately 70 metres along strike to the south west from TLDD0004A.

• It is not possible to make any conclusion regarding sample spacing and distribution.

Data spacing and distribution

• Whether sample compositing has been applied.

• No sample compositing have been applied to the Exploration Results.

Orientation of

data in relation to geological

• Whether the orientation of sampling achieves unbiased sampling of possible structures and the extent to which this is known, considering the deposit type.

• Drillholes TLDD0004A and TLDD0005 were oriented to intersect the modelled EM plate. The drillhole may not necessarily be perpendicular to the orientation on the intersected mineralisation.

Criteria

JORC Code Explanation

Commentary

structure

• If the relationship between the drilling orientation and the orientation of key mineralised structures is considered to have introduced a sampling bias, this should be assessed and reported if material.

• No significant orientation based sampling bias is known at this time. Drillhole TLDD004A was oriented to intersect a modelled EM plate. The drillhole may not neccesarily be perpendicular to the orientation of the intersected minerlisation. All reported intervals are downhole intervals not true widths.

Sample security

• The measures taken to ensure sample security.

• Appropriate security measures are taken to dispatch samples to the laboratory. Chain of custody of samples is being managed by Sandfire Resources NL. Samples are stored onsite and transported to laboratory by a licence transport company in sealed bulka bags. The laboratory receipts received samples against the sample dispatch documents and issues a reconciliation report for every sample batch.

Audits or

reviews

• The results of any audits or reviews of sampling techniques and data.

• No external audits or reviews of the sampling techniques and data have been completed.

Criteria

Commentary

Mineral

tenement and land tenure status

• Type, reference name/number, location and ownership including agreements or material issues with third parties such as joint ventures, partnerships, overriding royalties, native title interests, historical sites, wilderness or national park and environmental settings.

• The Talisman project encompasses E52/2282, E52/2313 and E52/2466 which are wholly owned by Talisman Mining Ltd, with no known third party encumberances. Sandfire is currently farming into the project on a staged basis with the right to earn 70% interest in the project area.

Mineral

tenement and land tenure status

• The security of the tenure held at the time of reporting along with any known impediments to obtaining a licence to operate in the area.

• All tenements are current and in good standing.

• The Talisman tenements are currently subject to a Native Title Claim by the Yungunga-Nya People (WAD6132/98). Sandfire currently has a Land Access Agreement in place with the Yungunga-Nya Native Title Claimants and have assumed management of Heritage Agreements which were executed by Talisman. These agremeents allow Sandfire to carry out mining and exploration activities on their traditional land.

Exploration

done by other parties

• Acknowledgment and appraisal of exploration by other parties.

• Aside from Sandfire Resources and Talisman Mining Limited there has been no recent exploration undertaken on the Talisman Project.

• Exploration work completed prior to Talisman's tenure included geochemical soil and rock chip sampling combined with geological mapping. Some targeted RC was completed over gold and Diamond targets.

Criteria

JORC Code Explanation

Commentary

Geology

• Deposit type, geological setting and style of mineralisation.

• The Doolgunna Talisman's Project lies within the Proterozoic-aged Bryah rift basin enclosed between the Archaean Marym ia Inkier to the north and the Proterozoic Yerrida basin to the south.

• The principal exploration targets at the Doolgunna Projects are the Volcanogenic Massive Sulphide (VMS) deposit located with the Proterozoic Bryah Basin of W estern Australia.

Drill hole

Information

A summary of all information material to the understanding of the exploration results including a tabulation of the following information for all Material drill holes:

o easting and northing of the drill hole collar

o elevation or RL (Reduced Level - elevation above sea level in metres)

of the drill hole collar

o dip and azimuth of the hole

o down hole length and interception depth

o hole length.

If the exclusion of this information is justified on the basis that the information is not Material and this exclusion does not detract from the understanding of the report, the Competent Person should clearly explain why this is the case.

• Refer to Appendix 1 of this accompanying document.

Data

aggregation methods

• In reporting Exploration Results, weighting averaging techniques, maximum and/or minimum grade truncations (eg cutting of high grades) and cut-off grades are usually Material and should be stated.

• Significant intersections are based on greater than 0.5% Cu and may include up to a maximum of 3.0m of internal dilution, with a minimum composite grade of 1.0% Cu.

• Cu grades used for calculating significant intersections are uncut.

Data

aggregation methods

• Where aggregate intercepts incorporate short lengths of high grade results and longer lengths of low grade results, the procedure used for such aggregation should be stated and some typical examples of such aggregations should be shown in detail.

• Reported intersections are based on a regular sample interval of 1m or 5m composites in regular drilling subject to location of geological boundaries.

• Minimum and maximum sample intervals used for intersection calculation are

0.3m and 1.2m respectively.

Data

aggregation methods

• The assumptions used for any reporting of metal equivalent values should be clearly stated.

• No metal equivalents are used in the intersection calculation.

• Where core loss occurs; the average length-weighted grade of the two adjacent samples are attributed to the interval for the purpose of calculating the intersection. The maximum interval of missing core which can be incorporated with the reported intersection is 1m.

Criteria

JORC Code Explanation

Commentary

Relationship

between mineralisation

widths and

intercept lengths

• These relationships are particularly important in the reporting of Exploration Results.

• Downhole intercepts of mineralisation reported in this release are from a drillhole orientated perpendicular to a modelled EM plate. The drillhole may not necessarily be perpendicular to the mineralised zone. All widths reported are downhole intervals.

Relationship

between mineralisation

widths and

intercept lengths

• If the geometry of the mineralisation with respect to the drill- hole angle is known, its nature should be reported.

• The geometry of the mineralisation, relative to the drillhole, is unknown at this stage.

Relationship

between mineralisation

widths and

intercept lengths

• If it is not known and only the down hole lengths are reported, there should be a clear statement to this effect (eg 'down hole length, true width not known').

• All intersections reported in this release are downhole intervals. True widths are not known.

Diagrams

• Appropriate maps and sections (with scales) and tabulations of intercepts should be included for any significant discovery being reported These should include, but not be limited to a plan view of drill hole collar locations and appropriate sectional views.

• Appropriate maps are included within the body of the accompanying document.

Balanced

reporting

• Where comprehensive reporting of all Exploration Results is not practicable, representative reporting of both low and high grades and/or widths should be practiced to avoid misleading reporting of Exploration Results.

• The accompanying document is considered to represent a balanced report.

Other

substantive exploration data

• Other exploration data, if meaningful and material, should be reported including (but not limited to): geological observations; geophysical survey results; geochemical survey results; bulk samples - size and method of treatment; metallurgical test results; bulk density, groundwater, geotechnical and rock characteristics; potential deleterious or contaminating substances.

• Other exploration data collected is not considered as material to this document at this stage. Further data collection will be reviewed and reported when considered material.

Further work

• The nature and scale of planned further work (eg tests for lateral extensions or depth extensions or large-scale step-out drilling).

• Diagrams clearly highlighting the areas of possible extensions, including the main geological interpretations and future drilling areas, provided this information is not commercially sensitive.

• Additional down hole geophysics (DHEM) and drilling will occur to define the extent of the intersected mineralisation.