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): 24
Equiv. Shares (M): 132

Current Price Data+
Current Price Open High Low Last Close Volume Price Movement
 $ 0.185 $ 0.180 $ 0.200 $ 0.170 $ 0.160 3,954,317 $ 0.025  15.625 %

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) $108,684 M 0.1223 -0.1217 0.2243 12.6552 14.4086 11.7684 3.80 4.23 4.39
Iluka Resources (ILU) $3,153 M -0.6600 -0.7962 4.8000 24.5517 120.4800 20.7724 1.20 1.82 3.40
Rio Tinto (RIO) $26,028 M 0.5848 -0.3133 0.1020 7.7788 11.3271 10.2790 3.59 3.99 4.27
Sims Metal Management (SGM) $2,210 M 3.0215 1.1233 0.2961 32.0856 15.1112 11.6593 0.93 2.61 3.97
Talisman Mining (TLM) $21 M -- -- -- -- -- -- 0.00 -- --

Market Comparison
Earnings P/E Ratio P/B Ratio P/E Growth P/S Ratio
TLM -- -- 0.52 -- --
Market 0.88 15.0 1.23 1.69 1.48
Sector 0.68 11.3 0.80 0.96 2.96

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
Mr Graeme David Cameron Technical Director 17 November 2011

Name Position
Daniel Madden Chief Financial Officer,Company Secretary

Substantial Shareholders
Holding Name
19,943,452 (12.10%) K K Harmanis

Calendar of Events
Date Event
14 September 2015 Report (Annual)
29 July 2015 Report (Quarterly)
29 April 2015 Report (Quarterly)
28 January 2015 Report (Quarterly)
27 October 2014 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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