Bacchus involves Talisman spending A$2.3 million over four years for an 80% stake – with private company Bacchus Resources diluting – while Crowl Creek is an outright acquisition from lithium-focused Kidman Resources for $250,000.
Talisman will undertake target generative work prior to calling in the rigs – anticipated to be in late March.
The junior now has 2360sq.km of gold and copper ground in the Lachlan Fold Belt.
Talisman’s move into NSW began last year so as to give it another opportunity beyond its Springfield copper and Sinclair nickel focuses in Western Australia.
Talisman is a 30% owner of the high-grade Monty copper project being developed by partner Sandfire ...