Talon Resources PLC (AIM: TAR), the North American gold exploration company, is pleased to announce the admission of its entire issued ordinary share capital to trading on AIM (“Admission”) and the commencement of dealings at 8.00 a.m. on 23 June 2026 under the ticker “TAR”. Following Admission, the Company has 569,289,670 ordinary shares in issue. The Company does not hold any shares in treasury and therefore the total number of voting rights in the Company is 569,289,670. The Company’s ISIN remains GB00BM8SQP62.
Admission follows the cancellation of the Company’s listing on the Equity Shares (Shell Companies) category of the Official List and trading on the Main Market of the London Stock Exchange, as previously announced.
INVESTMENT HIGHLIGHTS
· Talon Resources PLC has been admitted to trading on AIM, transitioning from a Main Market cash shell to a North American gold exploration company.
· The Company’s flagship asset is the 90%-owned Eagle Lake Gold Project, located in Ontario’s Dryden Gold District within the prospective Wabigoon Subprovince, comprising 95 contiguous claims covering 1,986 hectares.
· Historical exploration at Eagle Lake returned surface sample results of up to 204 g/t Au, while only 26 shallow drill holes have been completed across the Project area.
· Planned exploration, funded from the Company’s existing cash resources, includes geophysical and geochemical surveys, together with an initial 2,000m diamond drilling programme.
· Through its collaboration with MINML, Talon is applying machine learning-assisted targeting to support exploration at Eagle Lake and generate new opportunities across the Wabigoon Subprovince, supporting its broader North American growth strategy.
Talon CEO, Alex King, commented: “Eagle Lake gives Talon a strong platform from which to grow. With high-grade gold at surface, limited historical drilling and a funded exploration programme, we believe the Project offers discovery potential and a pipeline of near-term catalysts.
“Beyond Eagle Lake, our focus is on building a leading North American gold exploration company. Through our partnership with MINML, we are combining technology-led target generation with traditional exploration expertise to identify and evaluate new opportunities capable of creating long-term shareholder value.”
DETAILS
Eagle Lake Gold Project (“Eagle Lake” or “the Project”)
The Eagle Lake Gold Project comprises 95 contiguous single-cell mining claims covering 1,985.88 hectares in the Kenora Mining Division, Ontario, Canada. The Project is located approximately 27 km west-southwest of Dryden and is situated within the Wabigoon Subprovince, an Archean greenstone belt prospective for structurally controlled orogenic gold mineralisation.
The mineral claims are held through Wedgetail Mining Corp. (“Wedgetail”), which owns a 100% interest in the claims under the Ontario Mining Act. Talon holds a 90% interest in Wedgetail, with the remaining 10% held by AIM-quoted Gunsynd plc.
The Project is located within the Dryden Gold District, an area that has attracted increasing exploration activity in recent years. The Wabigoon Subprovince hosts numerous gold occurrences and past-producing mines associated with shear-hosted quartz-carbonate vein systems, providing a well-established geological setting known to host mineralisation analogous to that observed at Eagle Lake.
Historical exploration at the Project has identified several gold-bearing zones across the property, including sample results of up to 204 g/t Au at surface. Despite these encouraging results, only 26 historical discovery drill holes have been completed on the Project, none of which exceeded 155m in depth, leaving significant portions of the property untested at depth.
The Company’s initial exploration programme, funded from existing cash resources, will focus on the compilation and verification of historical datasets, detailed geological mapping, geochemical sampling, and targeted trenching and prospecting. Subject to results, the Company intends to undertake a 2,000m diamond drilling programme designed to test the depth extent and continuity of known mineralised structures.
To support exploration targeting at Eagle Lake while also underpinning a broader project generation strategy across the Wabigoon Subprovince, Talon has entered into a collaboration agreement with MINML, a geoscience technology company specialising in machine learning-assisted mineral prospectivity analysis. By combining advanced data analysis with traditional geological expertise, Talon aims to identify and prioritise high-potential opportunities more efficiently, creating a scalable platform to identify, evaluate and advance high-quality gold exploration opportunities across North America.
DIRECTORS
Marcus Yeoman – Non-Executive Chairman
Marcus began his career founding and operating three IT infrastructure and distribution businesses before moving into small-cap broking and corporate finance with Rathbone Stockbrokers and Cheviot Capital. Since 2003, through Springtime Consultants, he has advised and served on the boards of numerous listed companies and growth businesses, with a focus on corporate strategy and development.
Alexander King – Chief Executive Officer
Alex is a geologist and company executive with 16 years’ experience across mineral exploration, natural resources and renewable energy. A Master of the Camborne School of Mines, he is the founder and CEO of UK infrastructure developer Tower Group and a non-executive director of AIM-quoted Metals One plc. He has been involved in the acquisition, advancement and financing of exploration projects across multiple commodities and jurisdictions.
Benjamin Hodges – Chief Financial Officer
Ben is a Fellow of CPA Australia with more than 26 years’ experience in accounting and industry, including over 17 years in the natural resources sector. He currently serves as Finance Director of AIM-listed Guardian Metal Resources plc and First Development Resources plc, and as Chief Financial Officer of AIM-quoted Arcontech Group plc. He has extensive experience with listed growth companies across AIM, TSXV, ASX and NYSE markets, specialising in financial reporting, corporate governance, IPOs and corporate finance.
Robert Monro – Non-Executive Director
Robert is CEO of AIM-quoted Cora Gold Limited and has more than 15 years’ experience in the mining and natural resources sector. He previously served as Head of Business Development at Hummingbird Resources plc, where he helped advance the Yanfolila Gold Mine from exploration through to production. He brings significant experience in gold exploration, project development and stakeholder engagement.
Kiran Morzaria – Non-Executive Director
Kiran is CEO of Cadence Minerals plc and a non-executive director of European Metals Holdings Limited. A qualified engineer, he has more than 25 years’ experience across mining, geology, project development and corporate finance. Previous roles include Chief Financial Officer of Vatukoula Gold Mines plc and Senior Independent Non-Executive Director of Lonrho plc.
The Company’s AIM admission document together with information required pursuant to AIM Rule 26 is available at Talon’s website: https//www.talonresourcesplc.com
ENDS
Enquiries
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Talon Resources PLC https//www.talonresourcesplc.com |
Alex King, CEO |
Tel: +44 (0)203 475 6834 |
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NOTES
Talon Resources PLC (AIM: TAR) is a gold exploration company focused on high-impact discovery opportunities across North America. Its initial asset is the Eagle Lake Gold Project in Ontario’s Wabigoon Subprovince, where it holds a 90% interest in a 20km² land package with multiple high-grade gold targets and significant exploration upside. Through its collaboration with MINML, Talon is also generating new targets across the Wabigoon Subprovince using machine learning-assisted prospectivity mapping, while continuing to evaluate additional opportunities elsewhere in North America.
