Talisker Resources – Operations Update At Mustang Mine And Ore Purchase Agreement with Ocean Partners for up to 1,500 tpd From The Bralorne Gold Project
Terry Harbort, President and CEO of Talisker Resources (TSX: TSK) (OTCQX:TSKFF), joins me for an operations update at the Mustang Mine, and to review the November 10th announcing the signing of binding terms for an Ore Purchase Agreement with Ocean Partners UK Ltd for up to 1,500 tonnes per day (tpd), including a US$25 million revolving credit facility for use develing their 100% owned Bralorne Gold Project in British Columbia.
The Company has confirmed with Ocean Partners that it will begin shipping gold bearing material in January 2026. A 60-day notice of termination of the milling agreement with Nicola Mining Inc. has occurred, but ore will be shipped to the Craigmont Mill through year end.
Production at the Mustang mine has been sourced mostly from in-vein development from the 1090, 1105 and 1120 levels and production stoping from the stopes between the 1060 and 1075 levels. Planned production in the fourth quarter 2025 will be sourced from stopes between the 1075 and 1090 and the 1090 and 1020 levels. Terry also reviews their operations team’s accelerated development of the Lower Mustang decline which will allow access to the 1045 and 1030 levels below currently accessible areas.
We review as things continue ramping up, how the amount of ore mined will move from 250-300 tpd at present expanding up to 500 tpd next year. Then the plan is to increase mining from more areas including from Bralorne West to increase operations to 750-1,000 tpd about 2 years out. Then further out the initiative is to put in a second portal into the historic Pioneer mining area to access the Olympus Mine to the southeast of the Mustang Mine, moving throughput up to the eventual target of 1,500 tpd.
Additionally, we explore how the process will being upgrading the ore on site utilizing ore-sorting technology beginning next year. This ore-sorting will allow for shipping higher-grade material, with less associated waste, making it even more economical to be shipped to Ocean Partners.
Updated resources and an economic study will be released over the next few months, outlining some of these concepts in more detail. Wrapping up we discuss the key milestones and news on tap for the balance of this year and heading into the first half of 2026.
If you have any follow up questions for Terry regarding Talisker Resources, then please email me at Shad@kereport.com.
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