Talisman Mining Limited (TLM)

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General Information
Company Name: Talisman Mining Limited
Stock Code: TLM
Website: www.talismanmining.com.au
GICS Sub-Industry: Diversified Metals & Mining
Market Cap ($M): 23
Equiv. Shares (M): 132

Current Price Data+
Current Price Open High Low Last Close Volume Price Movement
 $ 0.175 $ 0.165 $ 0.175 $ 0.165 $ 0.160 61,500 $ 0.015  9.375 %

Company Overview

Business Description:
Talisman Mining Limited (TLM) is a mineral exploration company with a portfolio of projects located in the Northern Murchison Region of Western Australia. The Company’s primary focus is on the exploration of the Springfield Copper-Gold Project.

Strategy Analysis:
TLM is aggressively exploring and developing its portfolio of exploration projects in the Northern Murchison region of Western Australia. The central focus is to advance the Springfield Copper-Gold Project whilst progressing and adding both regional base metal and gold projects. TLM have also implemented a strategy of seeking out low cost quality exploration acquisition opportunities. Talisman Mining announced that it is set to embark on a targeted drilling program at its flagship Springfield copper-gold project in WA, which is located 4km from Sandfire Resource's DeGrussa copper-gold project. The drill program is scheduled to commence in the second half of March and has been designed to test 18 newly identified Tier-One copper-gold exploration targets. The program will comprise approximately 10,000m of combined diamond and RC drilling, with scope to extend this further dependent upon geological information obtained in the field and ongoing assay results.

Financial Summary
Year to Jun NPAT EPS EPS chg (%) PER DPS Yield (%) Franking (%)
2014  A -1.4 -1.1 -- 0.0 0.0 0.0 --
2013  A -1.1 -0.8 -- 0.0 0.0 0.0 --
2012  A -1.3 -1.0 -- 0.0 0.0 0.0 --
Source: Aspect actuals / Thomson IBES estimates

Peer Comparison
EPS Growth (%) P/E (%) Dividend Yield (%)
Company Mkt Cap 2012 A 2013 F 2014 F 2012 A 2013 F 2014 F 2012 A 2013 F 2014 F
BHP Billiton (BHP) $96,672 M 0.1223 -0.2880 -0.0626 11.2565 15.8105 16.8665 4.27 5.27 5.35
Iluka Resources (ILU) $3,446 M -0.5337 1.1643 0.8304 57.5524 26.5913 14.5278 2.31 3.26 4.69
Rio Tinto (RIO) $24,337 M -0.1938 -0.3204 0.1906 9.0222 13.2758 11.1502 4.69 5.21 5.43
Sims Metal Management (SGM) $2,570 M 3.0215 0.8039 0.3109 37.2846 20.6686 15.7663 0.80 2.55 3.01
Talisman Mining (TLM) $21 M -- -- -- -- -- -- 0.00 -- --

Market Comparison
Earnings P/E Ratio P/B Ratio P/E Growth P/S Ratio
TLM -- -- 0.50 -- --
Market 0.88 16.6 1.30 2.38 1.59
Sector 0.58 12.7 0.68 2.00 2.34

Name Position Start Date
Mr Gary Lethridge Managing Director 02 February 2009
Mr Alan Ainsley Senior Non-Executive Chairman 07 November 2007
Karen Gadsby Non-Executive Director 03 April 2008
Mr Brian Dawes Non-Executive Director 16 June 2009

Name Position
Daniel Madden Chief Financial Officer,Company Secretary
Peter Cash Manager Corporate Development

Substantial Shareholders
Holding Name
15,943,452 (12.10%) K K Harmanis

Calendar of Events
Date Event
28 January 2016 Report (Quarterly)
28 October 2015 Report (Quarterly)
14 September 2015 Report (Annual)
29 July 2015 Report (Quarterly)
29 April 2015 Report (Quarterly)
© 2011 Morningstar, Inc. All rights reserved. The data and content contained herein are not guaranteed to be accurate, complete or timely. Neither Morningstar, nor its affiliates nor their content providers will have any liability for use or distribution of any of this information. To the extent that any of the content above constitutes advice, it is general advice that has been prepared by Morningstar Australasia Pty Ltd ABN: 95 090 665 544, AFSL: 240892 (a subsidiary of Morningstar, Inc.), without reference to your objectives, financial situation or needs. Before acting on any advice, you should consider the appropriateness of the advice and we recommend you obtain financial, legal and taxation advice before making any financial investment decision. If applicable investors should obtain the relevant product disclosure statement and consider it before making any decision to invest. Some material is copyright and published under licence from ASX Operations Pty Limited ACN 004 523 782 ("ASXO"). DISCLOSURE: Employees may have an interest in the securities discussed in this report. Please refer to our Financial Services Guide (FSG) for more information at www.morningstar.com.au/fsg.asp.


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