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Talisman Mining board member buys shares on-market

With shares having last traded at 9.2 cents, investors are able to buy TLM shares at a lower price than the director’s purchase price.

Talisman Mining Ltd - Talisman Mining board member buys shares on-market
Talisman is focused on two projects in New South Wales

Talisman Mining Ltd (ASX:TLM) non-executive director Peter Benjamin has purchased 101,093 shares in the company through on-market trades.

The $9,927 purchase was completed at an average purchase price of 9.82 cents per share.

Benjamin is an experienced geologist who has worked in the mining industry for more than 40 years, predominantly in senior exploration, project, operational and executive management roles.

Roles include managing director of gold and copper explorer Kalamazoo Resources Ltd (ASX:KZR), managing director for Shaw River Manganese Ltd, General Manager Geology for Iluka Resources Ltd (ASX:ILU) and Divisional Project Manager for Newcrest Mining Ltd (ASX:NCM).

Well-funded to explore NSW projects

After two successful project divestments, Talisman is well funded to explore its Lachlan Copper-Gold Project and Lucknow Gold Project in New South Wales.

With a cash balance of $17.5 million at the end of October 2019, Talisman is well funded to carry out planned drill programs at both projects.

Quick facts: Talisman Mining Ltd

Price: 0.071 AUD

Market: ASX
Market Cap: $13.25 m

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