RWE Australian Business News reported that Talisman Mining has found that an initial RC drill traverse along the existing track through the centre of the East Marra Mamba prospect, Wonmunna project, Western Australia has failed to intersect the expected iron formation.

Geological data had indicated a buried iron formation in this area but the drilling has negated this. The initial discovery of high grade blue ore float is now interpreted as a remnant of erosion of the overlying iron formation. Other than limited additional drill traverses to confirm the barren nature of the area no work will be done further.

At South Marra Mamba the initial drilling has indicated a potential mineralized iron formation which is larger than first interpreted from aeromagnetic data.