NTL Preliminary Half Year Report

26 November 2018
FOR IMMEDIATE RELEASE TO THE MARKET
HALF YEAR PRELIMINARY RESULTS TO 30 SEPTEMBER 2018 (NZX, ASX: NTL)

Consolidated Statement of Comprehensive Income 6 months to
30 Sept 2018
6 months to
30 Sept 2017

Revenue 36,028 75,076
Total revenue 36,028 75,076
Audit fees 15,571 15,083
Capital Loss on Disposal of Shares - -
Depreciation 19,617 8,838
Director Fees 75,000 85,000
Director and Related Party Remuneration 78,400 84,600
Foreign Exchange (Gain)/Loss (10,902) 314
Loss on revaluation of shares 36,583 1,496
Rent and leasing 13,074 10,551
Other operating expenses 474,610 430,526
Total operating and administrative expenses 701,953 636,408
Loss from operations 665,925 561,332
Net deficit attributable to members 665,925 561,332
Earnings per share
Basic earnings/(loss) per share (0.031) cents (0.027) cents
Diluted earnings/(Loss) per share (0.031) cents (0.026) cents

Consolidated Statement of Financial Position 6 months to
30 Sept 2018
6 months to
30 Sept 2017

Current Assets
Cash at bank 2,814,098 4,370,016
Receivables and prepayments 153,091 208,625
Non-current assets
Property, Plant & Equipment 273,232 77,442
Intangible assets (prospecting expenditure) 2,756,950 15,637
Assets under construction 10,859,876 8,607,398
Investments 19,415 16,042
Total Assets 16,876,662 13,295,160
Current Liabilities
Payables 264,846 222,096
Other Current Liabilities 52,623 73,153
Total liabilities 317,469 295,249
Equity
Capital 34,590,849 35,166,188
Reserves - 335,341
Retained profit/(loss) (18,031,656) (22,501,618)
Total Equity 16,559,193 12,999,911
Total Equity and Liabilities 16,876,662 13,295,160

Consolidated Statement of Cash Flows


6 months to
30 Sept 2018


6 months to
30 Sept 2017

Cash flows relating to operating activities
Cash inflows 36,028 1,547
Cash outflows (666,408) (562,583)
Net operating cash flows (630,380) (561,036)
Cash flows relating to investing activities
Cash inflows - -
Cash outflows (1,373,370) (824,282)
Net investing cash flows (1,373,370) (824,282)
Cash flows relating to financing activities
Cash inflows - 1,250
Cash outflows - -
Net financing cash flows - 1,250

Cash at beginning of period 4,828,750 5,754,398
Exchange rate gain/(loss) (10,902) (314)
Net increase/(decrease) in cash held (2,003,750) (1,384,068)
Cash at end of period 2,814,098 4,370,016

Consolidated Statement of Changes in Equity 6 months to
30 Sept 2018
6 months to
30 Sept 2017


Equity at start of period 17,229,804 13,559,993
Net profit/(loss) (672,082) (561,332)
Shares issued - 1,250
Prior Year Adjustment 1,471 -
Equity at end of period 16,559,193 12,999,911



Shares on Issue
At 30 September 2018 the following shares are on issue

Listed Shares 2,164,503,303 2,157,271,250
Listed Options 17,036,384 134,321,508
Unlisted Options 4,250,000 4,250,000


Events Subsequent to Balance Date
No events occurred subsequent to balance date.

Dividend
No dividends or distributions were paid or are planned.
Net Tangible Assets per Security 6 months
to 30 Sept
2018
6 months to
30 Sept
2017

Net tangible assets 13,802,243 12,984,274
Net tangible assets per security 0.64 cents 0.62 cents

Audit
The half yearly financial statements are unaudited. The auditors have completed a review
engagement and will be issuing an unqualified review report.

International Financial Reporting Standards
These interim financial statements are condensed in accordance with NZ-IAS-34 Interim Financial
Reporting. The accounting policies and methods of computation adopted in the preparation of
these financial statements are the same as those adopted in the preparation of the annual financial
statements for the year ended 31 March 2018.

Accounting Policies
The accounting policies and methods of computation adopted in the preparation of these financial
statements are the same as those adopted in the preparation of the annual financial statements for
the year ended 31 March 2018. Those policies are set out in the annual report for the year ended 31
March 2018. There have been no changes to those accounting policies.
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About New Talisman Gold Mines Ltd
New Talisman Gold is a dual listed (NZX & ASX: NTL) leading New Zealand minerals development company with
over 1900 shareholders a majority of whom are 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