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style+AD0-'font-size:10.0pt+ADs-font-family:Georgia+ADs-mso-ansi-language:EN-GB'+AD4-SCOPING STUDY RECEIVED FROM AMC CONSULTANTS PTY LTD+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/i+AD4APA-/b+AD4APA-/p+AD4- +ADw-/div+AD4- +ADw-/div+AD4- +ADw-p class+AD0-MsoBodyText style+AD0-'margin-bottom:0cm+ADs-margin-bottom:.0001pt+ADs-text-align: justify'+AD4APA-span lang+AD0-EN-AU style+AD0-'font-size:10.5pt+ADs-font-family:Georgia+ADs-mso-ansi-language: EN-AU'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoBodyText style+AD0-'margin-bottom:0cm+ADs-margin-bottom:.0001pt+ADs-text-align: justify'+AD4APA-span lang+AD0-EN-AU style+AD0-'font-size:10.5pt+ADs-font-family:Georgia+ADs-mso-ansi-language: EN-AU'+AD4-Talisman Mining Limited (ASX: +ADw-b style+AD0-'mso-bidi-font-weight:normal'+AD4-TLM+ADw-/b+AD4- +ADw-span style+AD0-'mso-spacerun:yes'+AD4AJg-nbsp+ADsAPA-/span+AD4-Talisman), is pleased to advise that it has received from AMC Consultants Pty Ltd (AMC) the Scoping Study for its 100+ACU--owned +ADw-span class+AD0-SpellE+AD4APA-b style+AD0-'mso-bidi-font-weight:normal'+AD4-Wonmunna+ADw-/b+AD4APA-/span+AD4APA-b style+AD0-'mso-bidi-font-weight:normal'+AD4- Iron Ore Project+ADw-/b+AD4- in the Pilbara region of Western Australia.+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoBodyText style+AD0-'margin-bottom:0cm+ADs-margin-bottom:.0001pt+ADs-text-align: justify'+AD4APA-span lang+AD0-EN-AU style+AD0-'font-size:10.5pt+ADs-font-family:Georgia+ADs-mso-ansi-language: EN-AU'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoBodyText style+AD0-'margin-bottom:0cm+ADs-margin-bottom:.0001pt+ADs-text-align: justify'+AD4APA-span lang+AD0-EN-AU style+AD0-'font-size:10.5pt+ADs-font-family:Georgia+ADs-mso-ansi-language: EN-AU'+AD4-The +ADw-span class+AD0-SpellE+AD4-Wonmunna+ADw-/span+AD4- Iron Ore Project is located 70km northwest of Newman, near existing rail and road infrastructure, and proximal to a number of major iron ore mines including Hope Downs, West +ADw-span class+AD0-SpellE+AD4-Angelas+ADw-/span+AD4- and Mining Area C. +ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoBodyText style+AD0-'margin-bottom:0cm+ADs-margin-bottom:.0001pt+ADs-text-align: justify'+AD4APA-span lang+AD0-EN-AU style+AD0-'font-size:10.5pt+ADs-font-family:Georgia+ADs-mso-ansi-language: EN-AU'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoBodyText style+AD0-'margin-bottom:0cm+ADs-margin-bottom:.0001pt+ADs-text-align: justify'+AD4APA-span lang+AD0-EN-AU style+AD0-'font-size:10.5pt+ADs-font-family:Georgia+ADs-mso-ansi-language: EN-AU'+AD4-The Scoping Study considered a substantial number of potential development scenarios for +ADw-span class+AD0-SpellE+AD4-Wonmunna+ADw-/span+AD4- and concluded that the Project is potentially economic based on production of between 2 +ADw-span class+AD0-SpellE+AD4-Mtpa+ADw-/span+AD4- and 5Mtpa with ore sold to one of the existing nearby mining operations.+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoBodyText style+AD0-'margin-bottom:0cm+ADs-margin-bottom:.0001pt+ADs-text-align: justify'+AD4APA-span lang+AD0-EN-AU style+AD0-'font-size:10.5pt+ADs-font-family:Georgia+ADs-mso-ansi-language: EN-AU'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoBodyText style+AD0-'margin-bottom:0cm+ADs-margin-bottom:.0001pt+ADs-text-align: justify'+AD4APA-span lang+AD0-EN-AU style+AD0-'font-size:10.5pt+ADs-font-family:Georgia+ADs-mso-ansi-language: EN-AU'+AD4-Whilst further material evaluations of the Project and a feasibility study are required Talisman is encouraged by the results of the Scoping Study, which has confirmed and highlighted the potential strategic value of the +ADw-span class+AD0-SpellE+AD4-Wonmunna+ADw-/span+AD4- Project.+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoBodyText style+AD0-'margin-bottom:0cm+ADs-margin-bottom:.0001pt+ADs-text-align: justify'+AD4APA-span lang+AD0-EN-AU style+AD0-'font-size:10.5pt+ADs-font-family:Georgia+ADs-mso-ansi-language: EN-AU'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoBodyText style+AD0-'margin-bottom:0cm+ADs-margin-bottom:.0001pt+ADs-text-align: justify'+AD4APA-b style+AD0-'mso-bidi-font-weight:normal'+AD4APA-u+AD4APA-span lang+AD0-EN-AU style+AD0-'font-size:10.5pt+ADs-font-family:Georgia+ADs-mso-ansi-language:EN-AU'+AD4-Background+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/u+AD4APA-/b+AD4APA-/p+AD4- +ADw-p class+AD0-MsoBodyText style+AD0-'margin-bottom:0cm+ADs-margin-bottom:.0001pt+ADs-text-align: justify'+AD4APA-span lang+AD0-EN-AU style+AD0-'font-size:10.5pt+ADs-font-family:Georgia+ADs-mso-ansi-language: EN-AU'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoBodyText style+AD0-'margin-bottom:0cm+ADs-margin-bottom:.0001pt+ADs-text-align: justify'+AD4APA-span lang+AD0-EN-AU style+AD0-'font-size:10.5pt+ADs-font-family:Georgia+ADs-mso-ansi-language: EN-AU'+AD4-Talisman commissioned AMC Consultants Pty Ltd to undertake the +ADw-span class+AD0-SpellE+AD4-Wonmunna+ADw-/span+AD4- Scoping Study in late 2008. The Scoping Study considered 54 potential operating scenarios for the +ADw-span class+AD0-SpellE+AD4-Wonmunna+ADw-/span+AD4- Project, estimating associated mining, processing, transportation and other capital and operating costs for each scenario to an accuracy of +-30+ACU- commensurate with the usual degree of accuracy for such Studies.+ADw-span style+AD0-'mso-spacerun:yes'+AD4AJg-nbsp+ADs- +ADw-/span+AD4APA-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoBodyText style+AD0-'margin-bottom:0cm+ADs-margin-bottom:.0001pt+ADs-text-align: justify'+AD4APA-span lang+AD0-EN-AU style+AD0-'font-size:10.5pt+ADs-font-family:Georgia+ADs-mso-ansi-language: EN-AU'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoBodyText style+AD0-'margin-bottom:0cm+ADs-margin-bottom:.0001pt+ADs-text-align: justify'+AD4APA-span lang+AD0-EN-AU style+AD0-'font-size:10.5pt+ADs-font-family:Georgia+ADs-mso-ansi-language: EN-AU'+AD4-The Scoping Study was based on the previously announced Inferred Mineral Resource estimate for the +ADw-span class+AD0-SpellE+AD4-Wonmunna+ADw-/span+AD4- Project (at a 50+ACU- Fe cut-off grade) of +ADw-b style+AD0-'mso-bidi-font-weight:normal'+AD4-78.3 million tonnes grading 56.0+ACU- Fe, 6.6+ACU- Si+ADw-sub+AD4-2+ADw-/sub+AD4-O+ADw-sub+AD4-3+ADw-/sub+AD4-, 3.6+ACU- Al+ADw-sub+AD4-2+ADw-/sub+AD4-O+ADw-sub+AD4-3+ADw-/sub+AD4-, 0.08+ACU- P and 9.2+ACU- LOI+ADw-/b+AD4- (see TLM:ASX Announcement ? 21 January 2009 and Appendix 1).+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoBodyText style+AD0-'margin-bottom:0cm+ADs-margin-bottom:.0001pt+ADs-text-align: justify'+AD4APA-span lang+AD0-EN-AU style+AD0-'font-size:10.5pt+ADs-font-family:Georgia+ADs-mso-ansi-language: EN-AU'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoBodyText style+AD0-'margin-bottom:0cm+ADs-margin-bottom:.0001pt+ADs-text-align: justify'+AD4APA-span lang+AD0-EN-AU style+AD0-'font-size:10.5pt+ADs-font-family:Georgia+ADs-mso-ansi-language: EN-AU'+AD4-This Inferred Mineral Resource estimate includes a high-grade Direct Shipping Ore (DSO) component (using a 60+ACU- Fe cut-off grade) of +ADw-b style+AD0-'mso-bidi-font-weight:normal'+AD4-10.0 million tonnes grading 61.3+ACU- Fe, 3.1+ACU- Si+ADw-sub+AD4-2+ADw-/sub+AD4-O+ADw-sub+AD4-3+ADw-/sub+AD4-, 1.7+ACU- Al+ADw-sub+AD4-2+ADw-/sub+AD4-O+ADw-sub+AD4-3+ADw-/sub+AD4-, 0.08+ACU- P and 7.3+ACU- LOI+ADw-/b+AD4-.+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoBodyText style+AD0-'margin-bottom:0cm+ADs-margin-bottom:.0001pt+ADs-text-align: justify'+AD4APA-span lang+AD0-EN-AU style+AD0-'font-size:10.5pt+ADs-font-family:Georgia+ADs-mso-ansi-language: EN-AU'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoBodyText style+AD0-'margin-bottom:0cm+ADs-margin-bottom:.0001pt+ADs-text-align: justify'+AD4APA-span lang+AD0-EN-AU style+AD0-'font-size:10.5pt+ADs-font-family:Georgia+ADs-mso-ansi-language: EN-AU'+AD4-Pit optimisations were conducted by AMC using both the high-grade (60+ACU- Fe cut-off grade) and lower-grade (50+ACU- Fe cut-off grade) resource models, enabling both high-grade mining scenarios with relatively short mine life and lower-grade mining scenarios with a longer mine life to be assessed.+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoBodyText style+AD0-'margin-bottom:0cm+ADs-margin-bottom:.0001pt+ADs-text-align: justify'+AD4APA-span lang+AD0-EN-AU style+AD0-'font-size:10.5pt+ADs-font-family:Georgia+ADs-mso-ansi-language: EN-AU'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoBodyText style+AD0-'margin-bottom:0cm+ADs-margin-bottom:.0001pt+ADs-text-align: justify'+AD4APA-span lang+AD0-EN-AU style+AD0-'font-size:10.5pt+ADs-font-family:Georgia+ADs-mso-ansi-language: EN-AU'+AD4-Mining and processing scenarios considered a suite of operating options based on owner and/or contract operations. The Scoping Study concluded that the +ADw-span class+AD0-SpellE+AD4-Wonmunna+ADw-/span+AD4- Project is potentially economic based on high-grade and low-grade options with ore sold to nearby mines at production rates of 2 +ADw-span class+AD0-SpellE+AD4-Mtpa+ADw-/span+AD4- to 5 +ADw-span class+AD0-SpellE+AD4-Mtpa+ADw-/span+AD4-. +ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoBodyText style+AD0-'margin-bottom:0cm+ADs-margin-bottom:.0001pt+ADs-text-align: justify'+AD4APA-span lang+AD0-EN-AU style+AD0-'font-size:10.5pt+ADs-font-family:Georgia+ADs-mso-ansi-language: EN-AU'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoBodyText style+AD0-'margin-bottom:0cm+ADs-margin-bottom:.0001pt+ADs-text-align: justify'+AD4APA-span lang+AD0-EN-AU style+AD0-'font-size:10.5pt+ADs-font-family:Georgia+ADs-mso-ansi-language: EN-AU'+AD4-Scoping studies generally are relatively high level technical and economic assessments of various potential development and operating pathways for mineral resources projects that provide an opportunity to identify preferable development and operating scenarios for more detailed and focused assessment in the future. +ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-b style+AD0-'mso-bidi-font-weight:normal'+AD4APA-u+AD4APA-span lang+AD0-EN-AU style+AD0-'font-size: 10.5pt+ADs-font-family:Georgia+ADs-mso-fareast-font-family:+ACI-Times New Roman+ACIAOw-mso-ansi-language: EN-AU+ADs-mso-fareast-language:EN-US+ADs-mso-bidi-language:AR-SA'+AD4APA-br clear+AD0-all style+AD0-'mso-special-character:line-break+ADs-page-break-before:always'+AD4- +ADw-/span+AD4APA-/u+AD4APA-/b+AD4- +ADw-p class+AD0-MsoBodyText style+AD0-'margin-bottom:0cm+ADs-margin-bottom:.0001pt+ADs-text-align: justify'+AD4APA-b style+AD0-'mso-bidi-font-weight:normal'+AD4APA-u+AD4APA-span lang+AD0-EN-AU style+AD0-'font-size:10.5pt+ADs-font-family:Georgia+ADs-mso-ansi-language:EN-AU'+AD4APA-o:p+AD4APA-span style+AD0-'text-decoration:none'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/o:p+AD4APA-/span+AD4APA-/u+AD4APA-/b+AD4APA-/p+AD4- +ADw-p class+AD0-MsoBodyText style+AD0-'margin-bottom:0cm+ADs-margin-bottom:.0001pt+ADs-text-align: justify'+AD4-+ADw-b style+AD0-'mso-bidi-font-weight:normal'+AD4APA-u+AD4APA-span lang+AD0-EN-AU style+AD0-'font-size:10.5pt+ADs-font-family:Georgia+ADs-mso-ansi-language:EN-AU'+AD4-Conclusions and Forward Program+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/u+AD4APA-/b+AD4APA-/p+AD4- +ADw-p class+AD0-MsoBodyText style+AD0-'margin-bottom:0cm+ADs-margin-bottom:.0001pt+ADs-text-align: justify'+AD4APA-span lang+AD0-EN-AU style+AD0-'font-size:10.5pt+ADs-font-family:Georgia+ADs-mso-ansi-language: EN-AU'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoBodyText style+AD0-'margin-bottom:0cm+ADs-margin-bottom:.0001pt+ADs-text-align: justify'+AD4APA-span lang+AD0-EN-AU style+AD0-'font-size:10.5pt+ADs-font-family:Georgia+ADs-mso-ansi-language: EN-AU'+AD4-Talisman believes the results of the AMC Scoping Study on the +ADw-span class+AD0-SpellE+AD4-Wonmunna+ADw-/span+AD4- Project are encouraging and in light of this, the Company will now continue work to evaluate the project including considering strategic alternatives related to marketing and sales options for +ADw-span class+AD0-SpellE+AD4-Wonmunna+ADw-/span+AD4-. This may include the potential for mine gate sales, infrastructure sharing or other arrangements, strategic options for a joint venture, or other mechanism to realise value from the +ADw-span class+AD0-SpellE+AD4-Wonmunna+ADw-/span+AD4- Project. +ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoBodyText style+AD0-'margin-bottom:0cm+ADs-margin-bottom:.0001pt+ADs-text-align: justify'+AD4APA-span lang+AD0-EN-AU style+AD0-'font-size:10.5pt+ADs-font-family:Georgia+ADs-mso-ansi-language: EN-AU'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoBodyText style+AD0-'margin-bottom:0cm+ADs-margin-bottom:.0001pt+ADs-text-align: justify'+AD4APA-span lang+AD0-EN-AU style+AD0-'font-size:10.5pt+ADs-font-family:Georgia+ADs-mso-ansi-language: EN-AU'+AD4-Commenting on the announcement, Talisman+IBk-s Managing Director, Mr Gary +ADw-span class+AD0-SpellE+AD4-Lethridge+ADw-/span+AD4-, said: We are pleased that the AMC Scoping Study shows that +ADw-span class+AD0-SpellE+AD4-Wonmunna+ADw-/span+AD4- is an asset of potential strategic value to Talisman. We still have a great deal of work to do on +ADw-span class+AD0-SpellE+AD4-Wonmunna+ADw-/span+AD4- and, with the recent announcement of the proposed Pilbara iron ore operating joint venture between BHP Billiton and Rio Tinto, no doubt+ADw-span style+AD0-'mso-spacerun:yes'+AD4AJg-nbsp+ADs- +ADw-/span+AD4-the landscape in the Pilbara for potential junior iron ore miners will continue to evolve. +ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoBodyText style+AD0-'margin-bottom:0cm+ADs-margin-bottom:.0001pt+ADs-text-align: justify'+AD4APA-span lang+AD0-EN-AU style+AD0-'font-size:10.5pt+ADs-font-family:Georgia+ADs-mso-ansi-language: EN-AU'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoBodyText style+AD0-'margin-bottom:0cm+ADs-margin-bottom:.0001pt+ADs-text-align: justify'+AD4APA-span lang+AD0-EN-AU style+AD0-'font-size:10.5pt+ADs-font-family:Georgia+ADs-mso-ansi-language: EN-AU'+AD4-Talisman recently strengthened its Board with the appointment, as executive Directors, of experienced mining executives Mr Peter +ADw-span class+AD0-SpellE+AD4-Langworthy+ADw-/span+AD4- and Mr Brian Dawes, both former key members of the successful Jubilee Mines NL management team. +ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoBodyText style+AD0-'margin-bottom:0cm+ADs-margin-bottom:.0001pt+ADs-text-align: justify'+AD4APA-span lang+AD0-EN-AU style+AD0-'font-size:10.5pt+ADs-font-family:Georgia+ADs-mso-ansi-language: EN-AU'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoBodyText style+AD0-'margin-bottom:0cm+ADs-margin-bottom:.0001pt+ADs-text-align: justify'+AD4APA-span lang+AD0-EN-AU style+AD0-'font-size:10.5pt+ADs-font-family:Georgia+ADs-mso-ansi-language: EN-AU'+AD4-The new appointments mark a significant step towards achieving Talisman+IBk-s goal of becoming a premier Australian resource company through a combination of organic growth opportunities combined with a disciplined approach to exploration, acquisition and investment opportunities.+ADw-span style+AD0-'mso-spacerun:yes'+AD4AJg-nbsp+ADsAJg-nbsp+ADs- +ADw-/span+AD4-Talisman continues to identify and assess exploration opportunities with renewed emphasis on nickel sulphides.+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoBodyText style+AD0-'margin-bottom:0cm+ADs-margin-bottom:.0001pt+ADs-text-align: justify'+AD4APA-span lang+AD0-EN-AU style+AD0-'font-size:9.0pt+ADs-font-family:Georgia+ADs-mso-ansi-language: EN-AU'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto'+AD4APA-b style+AD0-'mso-bidi-font-weight:normal'+AD4APA-span lang+AD0-EN-GB style+AD0-'font-size:9.0pt+ADs- font-family:Georgia+ADs-mso-ansi-language:EN-GB'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/b+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal align+AD0-center 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contact:+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/b+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto+ADs- text-align:justify+ADs-mso-outline-level:1'+AD4APA-b style+AD0-'mso-bidi-font-weight:normal'+AD4APA-span lang+AD0-EN-GB style+AD0-'font-size:10.5pt+ADs-font-family:Georgia+ADs-mso-ansi-language:EN-GB'+AD4-Gary +ADw-span class+AD0-SpellE+AD4APA-span class+AD0-GramE+AD4-Lethridge+ADw-/span+AD4APA-/span+AD4APA-span class+AD0-GramE+AD4- +ADw-span style+AD0-'mso-spacerun:yes'+AD4AJg-nbsp+ADsAPA-/span+AD4-Managing+ADw-/span+AD4- Director on:+ADw-span style+AD0-'mso-spacerun:yes'+AD4AJg-nbsp+ADs- +ADw-/span+AD4-8 9380 4230+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/b+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto+ADs- text-align:justify'+AD4APA-b style+AD0-'mso-bidi-font-weight:normal'+AD4APA-span lang+AD0-EN-GB style+AD0-'font-size:9.0pt+ADs-font-family:Georgia+ADs-mso-ansi-language:EN-GB'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/b+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto+ADs- text-align:justify+ADs-mso-outline-level:1'+AD4APA-b style+AD0-'mso-bidi-font-weight:normal'+AD4APA-span lang+AD0-EN-GB style+AD0-'font-size:10.5pt+ADs-font-family:Georgia+ADs-mso-ansi-language:EN-GB'+AD4-For media inquiries, please contact:+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/b+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto+ADs- text-align:justify+ADs-mso-outline-level:1'+AD4APA-b style+AD0-'mso-bidi-font-weight:normal'+AD4APA-span lang+AD0-EN-GB style+AD0-'font-size:10.5pt+ADs-font-family:Georgia+ADs-mso-ansi-language:EN-GB'+AD4-Nicholas +ADw-span class+AD0-GramE+AD4-Read +ADw-span style+AD0-'mso-spacerun:yes'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-span class+AD0-SpellE+AD4-Read+ADw-/span+AD4APA-/span+AD4- Corporate on 419 929 046+ADw-/span+AD4APA-/b+AD4APA-b style+AD0-'mso-bidi-font-weight:normal'+AD4APA-span lang+AD0-EN-GB style+AD0-'font-size:10.5pt+ADs- mso-ansi-language:EN-GB'+AD4APA-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/b+AD4APA-/p+AD4- +ADw-p class+AD0-bullets style+AD0-'tab-stops:36.0pt'+AD4APA-span lang+AD0-EN-GB style+AD0-'font-size: 5.0pt+ADs-mso-ansi-language:EN-GB'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto'+AD4APA-b style+AD0-'mso-bidi-font-weight:normal'+AD4APA-span lang+AD0-EN-GB style+AD0-'font-size:9.0pt+ADs- font-family:Georgia+ADs-mso-ansi-language:EN-GB'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/b+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal align+AD0-center style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt: auto+ADs-text-align:center'+AD4APA-b style+AD0-'mso-bidi-font-weight:normal'+AD4APA-span lang+AD0-EN-GB style+AD0-'font-size:10.0pt+ADs-font-family:Georgia+ADs-mso-ansi-language:EN-GB'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/b+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal align+AD0-center style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt: auto+ADs-text-align:center'+AD4APA-b style+AD0-'mso-bidi-font-weight:normal'+AD4APA-span lang+AD0-EN-GB style+AD0-'font-size:10.0pt+ADs-font-family:Georgia+ADs-mso-ansi-language:EN-GB'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/b+AD4APA-/p+AD4- +ADw-p class+AD0-MsoBodyText style+AD0-'text-align:justify'+AD4APA-b+AD4APA-i+AD4APA-span lang+AD0-EN-AU style+AD0-'font-family:Georgia+ADs-color:black+ADs-mso-ansi-language:EN-AU'+AD4-Competent Persons Statement +ADw-/span+AD4APA-/i+AD4APA-/b+AD4APA-i style+AD0-'mso-bidi-font-style:normal'+AD4APA-span lang+AD0-EN-AU style+AD0-'font-family:Georgia+ADs-color:black+ADs-mso-ansi-language:EN-AU'+AD4APA-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/i+AD4APA-/p+AD4- +ADw-p class+AD0-default style+AD0-'text-align:justify'+AD4APA-i+AD4APA-span lang+AD0-EN-GB style+AD0-'font-size:10.0pt+ADs-mso-ansi-language:EN-GB'+AD4-Information in this report that relates to Mineral Resources is based on information compiled by Mr Chris De-+ADw-span class+AD0-SpellE+AD4-Vitry+ADw-/span+AD4-, who is a member and registered practicing geologist of the Australian Institute of Geoscientists (AIG). Mr Chris De-+ADw-span class+AD0-SpellE+AD4-Vitry+ADw-/span+AD4- is a full time employee of Quantitative Group (QG) and has sufficient experience in iron ore to act as competent person for this estimate as defined in the 2004 Edition of the ?Australian Code for Reporting of Mineral Resources and Ore Reserves?. Mr Chris De-+ADw-span class+AD0-SpellE+AD4-Vitry+ADw-/span+AD4- consents to the inclusion in this report of the +ADw-span class+AD0-SpellE+AD4-Wonmunna+ADw-/span+AD4- Mineral Resource estimate. +ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/i+AD4APA-/p+AD4- +ADw-p class+AD0-default style+AD0-'text-align:justify'+AD4APA-i style+AD0-'mso-bidi-font-style:normal'+AD4APA-span lang+AD0-EN-GB style+AD0-'font-size:10.0pt+ADs-mso-ansi-language:EN-GB'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/i+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto'+AD4APA-span class+AD0-GramE+AD4APA-i+AD4APA-span lang+AD0-EN-GB style+AD0-'font-size:10.0pt+ADs-font-family:Georgia+ADs- mso-ansi-language:EN-GB'+AD4-Information in this report that relates to Exploration Results and Mineral Resources is based on information compiled by Mr Harry Cornelius, who is a member of the Australasian Institute of Mining and Metallurgy.+ADw-/span+AD4APA-/i+AD4APA-/span+AD4APA-i+AD4APA-span lang+AD0-EN-GB style+AD0-'font-size:10.0pt+ADs- font-family:Georgia+ADs-mso-ansi-language:EN-GB'+AD4- Mr Harry Cornelius is a full time employee of Talisman Mining Ltd and has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity undertaken to qualify as a Competent Person as defined in the 2004 Edition of the ?Australian Code for Reporting of Mineral Resources and Ore Reserves?. Mr Harry Cornelius consents to the inclusion in this report of the matters based on information in the form and context in which it appears.+ADw-/span+AD4APA-/i+AD4APA-b style+AD0-'mso-bidi-font-weight:normal'+AD4APA-i style+AD0-'mso-bidi-font-style:normal'+AD4APA-span lang+AD0-EN-GB style+AD0-'font-size:10.0pt+ADs-font-family:Georgia+ADs-mso-ansi-language:EN-GB'+AD4APA-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/i+AD4APA-/b+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal align+AD0-center style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt: auto+ADs-text-align:center'+AD4APA-b style+AD0-'mso-bidi-font-weight:normal'+AD4APA-span lang+AD0-EN-GB style+AD0-'font-size:10.0pt+ADs-font-family:Georgia+ADs-mso-ansi-language:EN-GB'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/b+AD4APA-/p+AD4- +ADw-b style+AD0-'mso-bidi-font-weight:normal'+AD4APA-span lang+AD0-EN-US style+AD0-'font-size:10.0pt+ADs- font-family:Georgia+ADs-mso-fareast-font-family:Calibri+ADs-mso-ansi-language:EN-US+ADs- mso-fareast-language:EN-US+ADs-mso-bidi-language:AR-SA'+AD4APA-br clear+AD0-all style+AD0-'mso-special-character:line-break+ADs-page-break-before:always'+AD4- +ADw-/span+AD4APA-/b+AD4- +ADw-p class+AD0-MsoNormal align+AD0-center style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt: auto+ADs-text-align:center'+AD4APA-b style+AD0-'mso-bidi-font-weight:normal'+AD4APA-span lang+AD0-EN-GB style+AD0-'font-size:10.0pt+ADs-font-family:Georgia+ADs-mso-ansi-language:EN-GB'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/b+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal align+AD0-center style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt: auto+ADs-text-align:center'+AD4APA-b style+AD0-'mso-bidi-font-weight:normal'+AD4APA-span lang+AD0-EN-GB style+AD0-'font-size:14.0pt+ADs-font-family:Georgia+ADs-mso-ansi-language:EN-GB'+AD4-Appendix 1 +ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/b+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal align+AD0-center style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt: auto+ADs-text-align:center'+AD4APA-b style+AD0-'mso-bidi-font-weight:normal'+AD4APA-span lang+AD0-EN-GB style+AD0-'font-size:10.0pt+ADs-font-family:Georgia+ADs-mso-ansi-language:EN-GB'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/b+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal align+AD0-center style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt: auto+ADs-text-align:center'+AD4APA-b style+AD0-'mso-bidi-font-weight:normal'+AD4APA-span lang+AD0-EN-GB style+AD0-'font-size:10.0pt+ADs-font-family:Georgia+ADs-mso-ansi-language:EN-GB'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/b+AD4APA-/p+AD4- +ADw-p class+AD0-default align+AD0-center style+AD0-'text-align:center'+AD4APA-b+AD4APA-span lang+AD0-EN-GB style+AD0-'font-size:11.0pt+ADs-mso-ansi-language:EN-GB'+AD4-WONMUNNA IRON ORE RESOURCE+ADw-/span+AD4APA-/b+AD4APA-span lang+AD0-EN-GB style+AD0-'font-size:11.0pt+ADs-mso-ansi-language:EN-GB'+AD4APA-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-default style+AD0-'text-align:justify'+AD4APA-span lang+AD0-EN-GB style+AD0-'font-size: 11.0pt+ADs-mso-ansi-language:EN-GB'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-default style+AD0-'text-align:justify'+AD4APA-span lang+AD0-EN-GB style+AD0-'font-size: 11.0pt+ADs-mso-ansi-language:EN-GB'+AD4-The Mineral Resource estimate was prepared by +ADw-span class+AD0-SpellE+AD4-Bosta+ADw-/span+AD4- +ADw-span class+AD0-SpellE+AD4-Pratama+ADw-/span+AD4-, who is a full time employee of Quantitative Group (QG). QG is an independent group specialising in resource evaluation. This estimate was prepared under the supervision of, and with technical review by, Chris De-+ADw-span class+AD0-SpellE+AD4-Vitry+ADw-/span+AD4-, who is a full time employee of QG. +ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-default style+AD0-'text-align:justify'+AD4APA-span lang+AD0-EN-GB style+AD0-'font-size: 11.0pt+ADs-mso-ansi-language:EN-GB'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-default style+AD0-'text-align:justify'+AD4APA-span lang+AD0-EN-GB style+AD0-'font-size: 11.0pt+ADs-mso-ansi-language:EN-GB'+AD4-Chris De-+ADw-span class+AD0-SpellE+AD4-Vitry+ADw-/span+AD4- acts as the Competent Person for the resource estimate, with Talisman+IBk-s Exploration Manager, Harry Cornelius, acting as the Competent Person for the geological interpretation and data quality that forms the foundation for this estimate. +ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-default style+AD0-'text-align:justify'+AD4APA-span lang+AD0-EN-GB style+AD0-'font-size: 11.0pt+ADs-mso-ansi-language:EN-GB'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-default style+AD0-'text-align:justify'+AD4APA-span lang+AD0-EN-GB style+AD0-'font-size: 11.0pt+ADs-mso-ansi-language:EN-GB'+AD4-The Mineral Resource estimate has been classified and reported in accordance with the 2004 JORC Code. +ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-default style+AD0-'text-align:justify'+AD4APA-span lang+AD0-EN-GB style+AD0-'font-size: 11.0pt+ADs-mso-ansi-language:EN-GB'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-default style+AD0-'text-align:justify'+AD4APA-span lang+AD0-EN-GB style+AD0-'font-size: 11.0pt+ADs-mso-ansi-language:EN-GB'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-default style+AD0-'text-align:justify'+AD4APA-span lang+AD0-EN-GB style+AD0-'font-size: 11.0pt+ADs-mso-ansi-language:EN-GB'+AD4-The +ADw-span class+AD0-SpellE+AD4-Wonmunna+ADw-/span+AD4- Iron Ore Mineral Resource is presented in +ADw-b+AD4-Table 1 +ADw-/b+AD4-below: +ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoBodyText align+AD0-center style+AD0-'text-align:center'+AD4APA-b+AD4APA-span lang+AD0-EN-AU style+AD0-'font-size:11.0pt+ADs-mso-bidi-font-family:Georgia+ADs-color:black+ADs- mso-ansi-language:EN-AU'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/b+AD4APA-/p+AD4- +ADw-p class+AD0-MsoBodyText align+AD0-center style+AD0-'margin-bottom:3.0pt+ADs-text-align:center'+AD4APA-b style+AD0-'mso-bidi-font-weight:normal'+AD4APA-span lang+AD0-EN-AU style+AD0-'font-size:11.0pt+ADs- font-family:Georgia+ADs-mso-ansi-language:EN-AU'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/b+AD4APA-/p+AD4- +ADw-p class+AD0-MsoBodyText align+AD0-center style+AD0-'margin-bottom:3.0pt+ADs-text-align:center'+AD4APA-b style+AD0-'mso-bidi-font-weight:normal'+AD4APA-span lang+AD0-EN-AU style+AD0-'font-size:11.0pt+ADs- font-family:Georgia+ADs-mso-ansi-language:EN-AU'+AD4-Table 1: +ADw-span class+AD0-SpellE+AD4-Wonmunna+ADw-/span+AD4- Iron Ore +ADw-span class+AD0-GramE+AD4-Project +ADw-span style+AD0-'mso-spacerun:yes'+AD4AJg-nbsp+ADsAPA-/span+AD4-Inferred+ADw-/span+AD4- Mineral Resources.+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/b+AD4APA-/p+AD4- +ADw-p class+AD0-MsoBodyText align+AD0-center style+AD0-'margin-bottom:3.0pt+ADs-text-align:center'+AD4APA-b style+AD0-'mso-bidi-font-weight:normal'+AD4APA-span lang+AD0-EN-AU style+AD0-'font-size:11.0pt+ADs- font-family:Georgia+ADs-mso-ansi-language:EN-AU'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/b+AD4APA-/p+AD4- +ADw-table class+AD0-MsoNormalTable border+AD0-1 cellspacing+AD0-0 cellpadding+AD0-0 width+AD0-631 style+AD0-'width:473.4pt+ADs-border-collapse:collapse+ADs-border:none+ADs-mso-border-alt:solid windowtext .5pt+ADs- mso-yfti-tbllook:480+ADs-mso-padding-alt:0cm 5.4pt 0cm 5.4pt+ADs-mso-border-insideh: .5pt solid windowtext+ADs-mso-border-insidev:.5pt solid windowtext'+AD4- +ADw-tr style+AD0-'mso-yfti-irow:0+ADs-mso-yfti-firstrow:yes+ADs-height:16.95pt'+AD4- +ADw-td width+AD0-151 valign+AD0-top style+AD0-'width:4.0cm+ADs-border:solid windowtext 1.5pt+ADs- border-right:none+ADs-background:+ACM-E6E6E6+ADs-padding:0cm 5.4pt 0cm 5.4pt+ADs-height:16.95pt'+AD4- +ADw-p class+AD0-MsoBodyText style+AD0-'margin-top:9.0pt+ADs-margin-right:0cm+ADs-margin-bottom: 9.0pt+ADs-margin-left:0cm+ADs-text-align:justify'+AD4APA-span lang+AD0-EN-AU style+AD0-'font-family: Georgia+ADs-mso-ansi-language:EN-AU'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-/td+AD4- +ADw-td width+AD0-84 style+AD0-'width:63.0pt+ADs-border-top:solid windowtext 1.5pt+ADs- border-left:none+ADs-border-bottom:solid windowtext 1.5pt+ADs-border-right:none+ADs- background:+ACM-E6E6E6+ADs-padding:0cm 5.4pt 0cm 5.4pt+ADs-height:16.95pt'+AD4- +ADw-p class+AD0-MsoBodyText align+AD0-center style+AD0-'margin-top:9.0pt+ADs-margin-right:0cm+ADs- margin-bottom:9.0pt+ADs-margin-left:0cm+ADs-text-align:center'+AD4APA-b style+AD0-'mso-bidi-font-weight: normal'+AD4APA-span lang+AD0-EN-AU style+AD0-'font-family:Georgia+ADs-mso-ansi-language:EN-AU'+AD4-Fe cut-off+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/b+AD4APA-/p+AD4- +ADw-/td+AD4- +ADw-td width+AD0-84 style+AD0-'width:63.0pt+ADs-border-top:solid windowtext 1.5pt+ADs- border-left:none+ADs-border-bottom:solid windowtext 1.5pt+ADs-border-right:none+ADs- background:+ACM-E6E6E6+ADs-padding:0cm 5.4pt 0cm 5.4pt+ADs-height:16.95pt'+AD4- +ADw-p class+AD0-MsoBodyText align+AD0-center style+AD0-'margin-top:9.0pt+ADs-margin-right:0cm+ADs- margin-bottom:9.0pt+ADs-margin-left:0cm+ADs-text-align:center'+AD4APA-b style+AD0-'mso-bidi-font-weight: normal'+AD4APA-span lang+AD0-EN-AU style+AD0-'font-family:Georgia+ADs-mso-ansi-language:EN-AU'+AD4-Million Tonnes+ACoAPA-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/b+AD4APA-/p+AD4- +ADw-/td+AD4- +ADw-td width+AD0-72 style+AD0-'width:54.0pt+ADs-border-top:solid windowtext 1.5pt+ADs- border-left:none+ADs-border-bottom:solid windowtext 1.5pt+ADs-border-right:none+ADs- background:+ACM-E6E6E6+ADs-padding:0cm 5.4pt 0cm 5.4pt+ADs-height:16.95pt'+AD4- +ADw-p class+AD0-MsoBodyText align+AD0-center style+AD0-'margin-top:9.0pt+ADs-margin-right:0cm+ADs- margin-bottom:9.0pt+ADs-margin-left:0cm+ADs-text-align:center'+AD4APA-b style+AD0-'mso-bidi-font-weight: normal'+AD4APA-span lang+AD0-EN-AU style+AD0-'font-family:Georgia+ADs-mso-ansi-language:EN-AU'+AD4-Fe +ACUAPA-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/b+AD4APA-/p+AD4- +ADw-/td+AD4- +ADw-td width+AD0-60 style+AD0-'width:45.0pt+ADs-border-top:solid windowtext 1.5pt+ADs- border-left:none+ADs-border-bottom:solid windowtext 1.5pt+ADs-border-right:none+ADs- background:+ACM-E6E6E6+ADs-padding:0cm 5.4pt 0cm 5.4pt+ADs-height:16.95pt'+AD4- +ADw-p class+AD0-MsoBodyText align+AD0-center style+AD0-'margin-top:9.0pt+ADs-margin-right:0cm+ADs- 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