Talisman Metals PLC announced it has signed an agreement to acquire the Tirzzit Copper Project from a wholly-owned subsidiary of Aya Silver & Gold Inc. The Project consists of two mining licenses ("ML's") covering a surface area of 16.5km2 within the Agadir regional mining department, Kingdom of Morocco ("Morocco"), and located 225km east of the city of Agadir, Morocco. Tirzzit is located 85km north-east of the Company's existing Tizert Project. The Tirzzit deposit is classified as a sediment-hosted stratiform Cu-Ag system (SHSC) developed within the Neoproterozoic-age Adoudou Formation that is the host for multiple similar copper-silver deposits throughout the region, including the Tizert Copper-Silver Mine with an estimated mineral resource of 130M tonnes which is presently entering commercial production.
Talisman has several licenses in the Tizert area, which the Company labels "Tizert Project". The area's copper-rich mineralisation occurs in specific sedimentary units (carbon-rich siltstone and the base of dolomitic limestone) that can be readily traced where the shallow-dipping units outcrop at surface. A summary of past exploration activities describes extensive work undertaken by Moroccan Government agency BRPM between 1972 and 1976 ("BRPM Reports"), including channel sampling in pits (70m) and trenches (225m) and 3 exploration adits and raise (1,679m), mapping and grab-sampling of outcropping rocks, and 4,978m of drilling (35 drill holes).
Key drill intersections included 3.16% Cu over 2.5m at 224m downhole (TT28), 0.60% Cu over 11.4m from 72.8m (TT6), and 2.08% Cu and 36 g/t Ag over 2.25m from 319.5m (TT32) with observations of mainly Malachite, and on occasions Bornite and Chalcocite. Grab samples of outcropping zones of mineralisation included 6.00% Cu from malachite-rich limestone and 4.60% Cu from chalcocite rich limestone and up to 2.56% Cu in siltstones (data from BPRM Reports). Recent work undertaken and reported during 2019-2025 incorporated ASTER remote sensing to map out alteration, airborne geophysical surveys (SkyTEM, VLF and Aero Magnetics), stream sediment sampling (43 samples), and detailed mapping with grab sampling (117 samples), resulting in the delineation of structural and stratigraphic controls to the mineralisation and confirmed positive copper contents of outcropping sedimentary units.
Additionally, a Talisman site visit in February 2026 confirmed mineralised zones exposed over approximately 3km up to 6 meters of apparent thickness in the centre of the ML package.
