Talisman Mining's (ASX:TLM) shares have been in a tear recently, with the closing price of $0.53 yesterday triple the value of the company from just a month ago.
Talisman and Sandfire Resources' (ASX:SFR) are in a joint venture at the Monty Prospect within Talisman’s Springfield Project.
This forms part of an exploration farm-in joint venture between the companies.
Sandfire has the right to earn up to a 70% interest in Talisman’s Doolgunna Project (including Springfield) by the expenditure of $15 million.
Driving the share price recently was: 16.5 metres at 18.9% copper and 2.1g/t gold from 409.5 metres.
The discovery was made just 10 kilometres east of Sandfire’s DeGrussa Copper-Gold Mine in Western Australia.Talisman is now heading to market with a capital raising.
The halt will remain in place until the opening of trade on Friday 10th July 2015, or earlier if an announcement is made to the market.
News: Talisman Mining heads down capital raising drive
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Last
$10.34 |
Change
-0.100(0.96%) |
Mkt cap ! $4.190B | |||
| Open | High | Low | Value | Volume |
| $10.42 | $10.52 | $10.34 | $3.653M | 350.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 976 | $10.34 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $10.35 | 8141 | 27 |
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| Last trade - 12.39pm 04/12/2024 (20 minute delay) ? |
| SFR (ASX) Chart |
