Talisker Doubles Bralorne Gold Resource to 3.4 Million Ounces, September PEA Next

## A doubled resource at Bralorne

Talisker Resources has effectively doubled the mineral resource estimate (MRE — the formal tally of gold in the ground, sorted by confidence level) at its Bralorne Gold Project in south-central British Columbia. Speaking on CEO.CA's Inside the Boardroom, chief executive Terry Harbert said the update adds 1.4 million ounces, ahead of the 800,000-to-one-million-ounce increase management had signalled, and takes the global resource to about 3.4 million ounces.

The grades stand out as much as the tonnage. Harbert cited a measured grade of 10 grams per tonne (g/t), an indicated grade of about 8.8 g/t, and an inferred grade near 8.7 g/t. Measured, indicated and inferred are the standard confidence categories in a resource estimate — measured is the most certain, inferred the least. Grades in the high single digits are generally considered strong for a gold operation, and they matter because more gold per tonne mined is what supports margins in the economic studies to come.

With the new resource in hand, Harbert said the company can begin building the mine plan that feeds a preliminary economic assessment (PEA — an early, non-binding economic study) due in September 2026.

## Skipping the Lassonde curve

The second thread of the interview is execution. Harbert argued that Talisker took Bralorne from first drill hole to production within five years, skipping the quiet, news-light permitting and construction stretch where, he said, junior miners traditionally lose value — the pattern first charted by Pierre Lassonde and known as the Lassonde curve.

Rather than permit and build its own mill up front, the company went into production using third-party facilities within trucking distance. That includes toll milling (paying another operator to process Talisker's ore), ore purchases, and, currently, direct shipping ore (DSO — ore that is mined, crushed and sold on without further on-site processing) to Ocean Partners, a global metal trader. Harbert said this removes the multi-year lag of permitting and mill construction, brings revenue and cashflow forward, and builds a cash pool to fund infrastructure. He pointed to "very strong revenue figures" from the first year of production, released the week of the interview.

Operationally, he described the first mine, Mustang, as in ramp-up, with the second mine, Olympus, in the planning phase.

## The district-scale case

Harbert's longer-term argument is that Bralorne is a camp, not a single mine. He said the company sees the district — about 45 kilometres of strike length with more than 50 vein occurrences and historic producing mines — growing to 5 million ounces or beyond, with the current figure a step toward that goal. The plan is to build satellite resources that can be trucked to a central processing facility. The interviewer noted that district scale seems to resonate more and more with institutional investors amid a wave of mining M&A.

A drill program of more than 100,000 metres is underway to support that case:

- **About 85,000 metres** is resource conversion drilling — work that moves ounces from the lower-confidence inferred category into measured and indicated, and underpins the mine plan. - **The Congress area**, about 15 kilometres north of current mining, is being drilled as a candidate third mine. - **Roughly 10,000 metres** targets Pioneer Deeps, a lower-grade, bulk-tonnage style of mineralization found in 2021–2022 drilling, where one section showed continuity over a kilometre; step-out holes are planned.

Harbert also framed the setting as an advantage: Bralorne sits about three and a half hours' drive north of Vancouver, near rail lines, with a highway to the front gate, grid power and significant hydroelectric facilities — a tier-one Canadian mining jurisdiction, in his words.

## What the company says to watch

Harbert laid out a busy near-term calendar. Construction of an ore-sorting facility — technology he expects to greatly reduce waste material and increase grade — is due to start within about a month. The updated mine plan and PEA follow by September 2026, with preliminary design and permitting work on the company's own mill beginning alongside. The stated strategy is to stay in production and cashflow on ore sales until the mill is built, then transition to it and start trucking satellite deposits in. Alongside drill results and underground chip samples from areas earmarked for mining, the most consistent news flow he flagged is production itself: mining and selling gold, and reporting the revenue.

On the company's own telling, the case now rests on execution — hitting the ore-sorting, PEA and mill-permitting milestones Harbert set out, and letting the 100,000-metre program test the 5-million-ounce vision.