Preliminary Full Year Result

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_____________________________________________________
30 May 2018
FOR IMMEDIATE RELEASE
ANNOUNCEMENT BY NEW TALISMAN GOLD MINES LIMITED [ASX, NZSX: NTL]
Preliminary Announcement – Full Year Results
Current Reporting Period
31 March 2018
(12 months)
$
Previous Reporting Period
31 March 2017
(12 months)
$
Change
%
Revenue for ordinary activities 128,597 21,571 496%
Loss from ordinary activities attributable to
members of the listed issuer
1,005,468 751,338 34%
No dividend attributed to this period.

Tenement expenditure for the reporting period was $1,794,386 compared to $553,210 in the previous reporting
period. No exploration expenditure was written off during the current reporting period (last year $9,950).
At the end of the year the Company had a cash balance of $4,828,750
HIGHLIGHTS OF THE YEAR
 During the year NTL acquired the shares in Newcrest New Zealand Pty Ltd (renamed Rahu
Resources Pty Ltd) which holds the Rahu exploration permit giving 100% control of the permit back to
the NTL group.

 Refurbishment of the underground workings progressed more than 700m into the mine.

 Ore extraction from the Talisman mine commenced during the period under review.

 Compressed air system installed and commissioned along with the water reticulation system

 Pre-feasibility study update and scoping study nearing final with review and valuation currently being
undertaken by Geos mining

 Resources at the Talisman mine were increased from 204,000 ounces to more than 469,000 ounces
with grades increased by 94% from the 2004 resource estimate.

 Completions of underground concentrator design and metallurgical testwork studies resulted in similar
recoveries of gold to that treated at Waihi Plant without any hazardous chemicals.

 The company completed a successful SPP raising just under $2 million to further the development of
the Talisman and Rahu mining projects.
SUMMARY
During the year the company invested significant funds to commence mining activities at Talisman and
following site installation the company significantly advanced the Talisman mine both in resources and
underground mine developments. Underground works have now progressed more than 730m into the mine
opening up both Mystery and Dubbo accessways with ongoing work at Dubbo continuing.
Following the AGM late in 2017 the company completed both metallurgical test work on Talisman ore which
identified a concentration option allowing recoveries of ore without the use of any hazardous chemicals.
541 Parnell Rd, Parnell, Auckland 1052
Office +64 9303 1893
Fax +64 9303 1612
info@newtalisman.co.nz

2
Works currently underway will allow for both explosives and underground equipment to commence higher
levels of extraction
From a financial perspective whilst the Profit and Loss statement is currently showing a loss, the company has
developed further into the mine than any company since 1992 and has delivered significant value to
shareholders in resource upgrades a revised prefeasibility study currently being reviewed by Geos mining and
a scoping study on Talisman deeps. It is expected upon completion of the review and valuation the asset
values will change considerably and will be adopted into the full accounts.
The company’s market capitalisation grew by over 30% during the year.
Consolidated Statement of Comprehensive Income

Reporting Period
31 March 2018
Previous Reporting
Period 31 March 2017

$ $
Revenue
128,597 21,571
Total revenue
128,597 21,571


Audit fees 33,846 35,030
Capital Loss on Disposal of Investments - 284,361
Depreciation
23,084 2,549
Director fees 170,000 143,560
Foreign exchange loss/(gain) 10,274 17,946
Fair Value of Investments Movement (38,461) (385,693)
Rent and leasing
24,248 19,454
Operating expenses 911,074 645,752
Total operating expenses 1,134,065 762,959
Loss from operations
1,005,468 741,388
Exploration Costs written off - 9,950
Other Comprehensive Income 8,137 -
Net deficit attributable to members 997,331 751,338

Earnings per share

Basic earnings/(loss) per share
(0.05) cents (0.04) cents
Diluted earnings/(loss) per share
(0.05) cents (0.04) cents

3
Consolidated Statement of Financial Position

Reporting Period
31 March 2018

Reporting Period
31 March 2017

$ $
Cash
4,828,750 5,754,398
Receivables and prepayments
116,229 53,790
Advances to related parties
- -
Current assets
4,944,979 5,808,188


Property, plant & equipment
89,677 12,761
Assets Under Construction
9,638,268 7,843,882
Intangible assets (prospecting expenditure)
19,637 11,637
Investments
55,998 17,538
Non-current assets
9,803,580 7,885,818


Total assets
14,748,559 13,694,006


Payables
195,584 103,866
Other
20,618 49,973
Employee entitlements
21,330 30,147
Total Current liabilities
237,532 183,986
Total Non-Current liabilities
17,795 -


Total liabilities
255,327 183,986


Capital


34,590,849


35,164,939
Reserves
- 335,341
Retained profit/(loss)
(20,097,617) (21,990,260)
Total equity
14,493,232 13,510,020


Total Equity and Liabilities
14,493,232 13,694,006

Net tangible assets per security

Net tangible assets
14,473,595 13,498,383
Net tangible assets per security
0.67 cent 0.80 cent

4
Consolidated Statement of Cash Flows
Reporting Period
31 March 2018
Reporting Period
31 March 2017

$ $
Cash flows relating to operating activities

Cash inflows
128,597 16,231
Cash outflows
(1,175,496) (839,006)
Net operating cash flows
(1,046,899) (822,775)


Cash flows relating to investing activities

Cash inflows
- 293,684
Cash outflows
(1,794,385) (579,339)
Net investing cash flows
(1,794,385) (285,655)


Cash flows relating to financial activities

Cash inflows
1,925,910 6,422,986
Cash outflows
-
-
Net financing cash flows
1,925,910 6,422,986


Net increase/(decrease) in cash held
(915,374) 5,314,556
Cash at beginning of period
5,754,398 456,181
Exchange rate gain/(loss)
(10,274) (16,339)
Cash at end of period
4,828,750 5,754,398


Consolidated Statement of Changes in Equity

Reporting Period
31 March 2018
Reporting Period
31 March 2017

$ $
Equity at start of period
13,559,993 7,888,345
Net profit / (loss)
(997,331) (701,365)
Shares issued
1,925,910 6,373,013
Prior Period Adjustment
4,660 -
Equity at end of period
14,493,232 13,559,993


These annual financial statements are subject to completion of the audit.
No dividends or distributions were paid or are planned.

All statements are prepared in accordance with New Zealand equivalents to International Financial
Reporting Standards.


There are no accounting policies which the directors believe are critical to the portrayal of New Talisman’s
financial condition and results which require the directors to make judgements and estimates about matters
that are inherently uncertain.


All accounting policies have been applied on bases consistent with those used in previous years.

About New Talisman Gold Mines Ltd
New Talisman Gold is a dual listed (NZX & ASX: NTL) leading New Zealand minerals development company with approximately 2,000
shareholders who are mainly from Australia and New Zealand.
The company’s flagship asset the Talisman mine holds a JORC compliant mineral resource, a JORC compliant reserve and has been
granted resource consents and access arrangements for the initial phase of the project. The company is currently initiating bulk
sampling at Talisman and continues to advance the development of the mine. New Talisman’s wholly owned subsidiary Coromandel
Gold Limited holds a portfolio of highly prospective mineral interests and gold properties in the Hauraki District of New Zealand.
New Talisman Gold Mines Limited purchased an Australian subsidiary company which held the exploration permit for the Rahu
tenement. New Talisman Gold Mines Limited now has control and direction over the mining activities relating to the Rahu tenement.
More about New Talisman Gold at www.newtalisman.co.nz