Talon Resources
Talon Resources PLC is an AIM-listed, pre-revenue gold exploration company focused on early-stage, high-grade gold projects in Ontario, Canada, anchored by the Eagle Lake Gold Project and an exclusive machine-learning partnership with MINML for drill target generation.
- Company typePublic
- Founded2021
- HeadquartersLondon, United Kingdom
- Headcount1–10
- GTM typeB2B
- OfferingServices
What Talon Resources does
Talon Resources PLC is an AIM-listed gold exploration company focused on early-stage, high-grade gold exploration in Ontario, Canada. The company's sole material asset is the Eagle Lake Gold Project in the Kenora Mining District, comprising 95 mineral claims spanning 1,986 hectares, in which Talon holds a 90% interest. The property is prospective for shear-hosted orogenic gold mineralisation, with 26 historical drill holes, extensive trenching, and surface sample grades up to 204 g/t Au (Parker Shear); up to 7 km of untested strike potential remains across the project. Talon's stated differentiation is an exclusive partnership with MINML, whose proprietary machine learning software is applied to public Ontario geological data and to Talon's exploration datasets to generate prospectivity maps, rank targets, and inform drill programme design across Eagle Lake and a wider Area of Interest in the Wabigoon Subprovince.
The company is pre-revenue and raises capital through equity issuance on the London Stock Exchange's AIM market under ticker TAR. Its 1-10 person organisation is supported by an outsourced finance function at Orana Corporate LLP, with a five-member board spanning mineral exploration, mine finance, and AIM corporate experience. The go-to-market is investor-relations-led: RNS announcements, investor presentations, LinkedIn/X/YouTube, and a website investor centre. Total issued share capital is 569,289,670 ordinary shares of 0.1p each, with 71.23% not held in public hands and a notable 320,000,000 consideration shares issued to Ulvestone (including 106,000,000 to Manumit and Daniel Betts) for Eagle Lake-related consultancy services.
Talon Resources PLC was incorporated in England and Wales in 2021 (company number 13078596) and acquired the Eagle Lake Gold Project in 2025 via a reverse takeover of a shell formerly known as Medcaw Investments. Following the acquisition, the company switched its listing from the London Main Market to AIM, with trading resuming at 2.125p. The investment case rests on Ontario's top-5 Fraser Institute-ranked mining jurisdiction, district-scale geology adjacent to NeXGold Mining's 2.9Moz Goliath Complex, fully permitted status, and ML-assisted exploration targeting as a capital-efficient path from exploration to potential development or asset monetisation.
Talon Resources firmographics
Firmographics- Name
- Talon Resources
- Legal name
- Talon Resources PLC
- Website
- https://talonresourcesplc.com
- Company type
- Public
- Founded year
- 2021
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Talon Resources PLC is an AIM-listed, pre-revenue gold exploration company focused on early-stage, high-grade gold projects in Ontario, Canada, anchored by the Eagle Lake Gold Project and an exclusive machine-learning partnership with MINML for drill target generation.
- Ownership category
- akta.pro rank
Talon Resources industry classification
Industry- Product category
- Gold Exploration
- NAICS
- Gold Ore and Silver Ore Mining (21222), Support Activities for Mining (2131), Support Activities for Metal Mining (213114), Geophysical Surveying and Mapping Services (541360)
- SIC
- Gold And Silver Ores (1040), Metal Mining (1000)
- akta.pro primary industry
- Gold Mining (IMAKAEAA)
- akta.pro secondary industries
- Mineral Exploration & Geoscience Services (Geology, Geophysics, Geochemistry, Resource Modeling) (IMAKAKAA), Exploration & Production Drilling Services (RC, Core, Directional, Sonic, Auger) (IMAKAKAB)
Keywords
Where Talon Resources is headquartered
LocationHeadquarters
- HQ city
- London
- HQ country
- United Kingdom
- HQ region
- Europe
Offices8 records
Markets served
Talon Resources business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Personnel, Marketing or Sales, Technology or R&D, Others
Revenue model
- Pre-revenue Exploration Stage: Talon Resources is an early-stage gold exploration company with no current revenue. The company is fully permitted and capitalised to conduct exploration activities. Future revenue potential would come from successful gold discoveries and subsequent development or sale of assets.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels6 records
Talon Resources product offering
Product offeringCore offering
Talon Resources is an early-stage, AIM-listed gold exploration company whose core activity is the exploration of the Eagle Lake Gold Project in the Kenora Mining District, Ontario, where it holds a 90% interest in 95 mineral claims covering 1,986 hectares. The company applies machine learning-assisted prospectivity mapping (via its exclusive MINML partnership) to historical and public geological datasets to identify, rank, and prioritise high-probability drill targets for shear-hosted orogenic gold mineralisation.
Product overview
Talon Resources is an early-stage gold exploration company operating a single primary asset: the Eagle Lake Gold Project in Ontario's Superior Province, where it holds a 90% interest in a 20km² land package. The company leverages a partnership with MINML for machine learning-assisted target generation to identify and prioritize drill targets across the Eagle Lake property and an exclusive Area of Interest within the Wabigoon Subprovince.
Differentiator
Problem solved
Functional benefit
Products and services
- Eagle Lake Gold Project The company's primary mineral asset, comprising 95 mineral claims covering 1,986 hectares in the Kenora Mining District, Ontario, prospective for shear-hosted orogenic gold mineralisation. The project includes historical drill data (26 holes between 1951 and 1985), mapping, extensive trenching, and multiple target zones including Fornieri Bay, Parker Shear, and Bjorkman Shear, with historical surface grab samples grading up to 204 g/t Au. Talon Resources holds a 90% interest in the project.
Quantifiable outcome
- Historical grab samples up to 204 g/t Au; recent 2025 samples up to 75.7 g/t Au
- +2 more outcomes
Companies that use Talon Resources
Customer profileSegments1 record
Ideal customer profiles1 record
Talon Resources technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability4 records
Feature1 record
Talon Resources partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- MINMLcoreExclusive partnership for machine learning-assisted analysis and prospecting mapping of the Eagle Lake Gold Project and broader Wabigoon geological Subprovince Area of Interest in Ontario. MINML applies proprietary machine learning software to Talon's exploration data, improving target identification, prioritisation, and interrogation. The partnership includes joint development agreement with first right of refusal on identified projects within the Area of Interest. MINML generates new prospects creating a pipeline of acquisition and exploration opportunities for Talon Resources.
Scale indicators7 records
Recent moves6 records
Expansion highlights5 records
Talon Resources competitors and assessment
Company assessmentDirect peers
- Vatukoula Gold Mines: Gold mining and development company historically operating in Fiji. Comparable as a gold-focused AIM-listed vehicle with a directly overlapping board member (Kiran Morzaria was previously CFO of Vatukoula Gold Mines).
- Cora Gold: AIM-listed gold exploration and development company focused on West African gold assets. Highly comparable because it shares the same listing venue, similar early-to-intermediate stage strategy, and overlapping board linkage (Bert Monro is CEO of Cora Gold and NED of Talon).
- Thor Explorations: AIM-listed gold producer with operations in West Africa. Comparable because it is a gold-focused AIM-listed company with a track record from exploration through to production, and has a finance-team overlap (Ben Hodges was previously CFO of Thor Explorations).
- Metals One: AIM-quoted mining and exploration company. Comparable as a same-venue AIM peer in the metals exploration space, with a direct board overlap (Alex King, Talon's CEO, is a Non-Executive Director of Metals One).
- First Development Resources: AIM-listed exploration company with a similar early-stage multi-commodity strategy. Directly comparable because of the same listing venue, similar stage, and overlapping finance leadership (Ben Hodges is FD at both Talon and First Development Resources).
- Guardian Metal Resources: AIM-listed precious and base-metal exploration company. Highly comparable as an AIM peer at a similar early-exploration stage, and linked via Ben Hodges who was Finance Director of Guardian Metal Resources from 2024–2026 and is now NED there.
- Cadence Minerals: AIM-listed mining investment and development company. Comparable because it shares the same listing venue, has similar early-stage strategy, and shares board overlap (Kiran Morzaria, Talon NED, is CEO of Cadence Minerals).
- European Metals Holding: AIM-listed mineral exploration and development company focused on European battery-metal assets. Comparable as an AIM-listed resource developer with overlapping governance (Kiran Morzaria is NED of both European Metals and Talon).
Regional players
- NeXGold Mining: Canadian gold developer advancing the 2.9Moz Goliath Complex in the same Wabigoon Subprovince geological belt as Talon's Eagle Lake project, ~45km to the east. Directly comparable for the geological thesis on orogenic gold in the Wabigoon, though operating in Canada rather than via AIM.
- West Red Lake Gold Mines: Canadian-focused gold exploration and development company with assets in the Red Lake district of Ontario. Comparable because it targets orogenic gold systems in the same Canadian province and similar tier of the market cap range, providing a useful comparable for jurisdictional risk and valuation.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
Talon Resources social profiles
Digital presenceTalon Resources financial estimates
Financial estimateRevenue estimate
Valuation estimate
Talon Resources leadership team
Management profileNumber of profiles
Profiles5 records
Talon Resources funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Talon Resources M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Talon Resources
What does Talon Resources do?
Talon Resources is an early-stage, AIM-listed gold exploration company whose core activity is the exploration of the Eagle Lake Gold Project in the Kenora Mining District, Ontario, where it holds a 90% interest in 95 mineral claims covering 1,986 hectares. The company applies machine learning-assisted prospectivity mapping (via its exclusive MINML partnership) to historical and public geological datasets to identify, rank, and prioritise high-probability drill targets for shear-hosted orogenic gold mineralisation.
Is Talon Resources a public or private company?
Talon Resources is a public company. It is classified as public and is currently operating.
When was Talon Resources founded?
Talon Resources was founded in 2021. It employs 1 to 10 people.
Where is Talon Resources based?
Talon Resources is headquartered in London, United Kingdom, in the Europe region.
How does Talon Resources make money?
One revenue line is on record: pre-revenue Exploration Stage.
Who are Talon Resources's main competitors?
Direct peers on record are Vatukoula Gold Mines, Cora Gold, Thor Explorations, Metals One, First Development Resources, Guardian Metal Resources, Cadence Minerals and European Metals Holding. Regional players are NeXGold Mining and West Red Lake Gold Mines.
Does Talon Resources have an API?
No public API is recorded for Talon Resources.
What industry is Talon Resources in?
Talon Resources's product category is Gold Exploration. Its primary akta.pro industry code is IMAKAEAA, Gold Mining, with a secondary code of IMAKAKAA, Mineral Exploration & Geoscience Services (Geology, Geophysics, Geochemistry, Resource Modeling). Its NAICS code is 21222 and its SIC code is 1040.