CONSENT FOR PILOT PLANT GRANTED

1

New Talisman Gold Mines
Limited

Responsible,
Environmentally
Sustainable Mining

ASX/NZX Code NTL
____________________

Commodity Exposure
GOLD and SILVER

Board and Management

Charbel Nader Chairman/Independent Director
Matthew Hill Chief Executive/ Managing Director
Murray Stevens Non Executive Director
Tony Haworth Independent Director
Jane Bell Company Secretary
Wayne Chowles Chief Operating Officer


Capital Structure
Ordinary Shares at 01/07/2019
2,269m

Share Price
Share Price at 01/07/2019 (NZX) 0.7cps
Share Price at 01/07/2019 (ASX) 0.7cps



New Talisman Gold Mines Limited
ACN
Address 541 Parnell Rd, Parnell,
Auckland
Phone +64 27 5557737
Website www.newtalisman.co.nz
Email info@newtalisman.co.nz

Market Announcement
For Immediate Release
Resource consent granted for operation of pilot plant
The Board of New Talisman Gold Mines Limited is delighted to announce
that the resource consent for operation of its pilot gold processing plant has
been secured.
Following the identification of the initial site for the pilot plant and
application for resource consent in February 2019, the company’s mining
contractor Terra Firma Mining Limited offered use of its industrial site for
the purpose of operating the plant. Due to the Terra Firma owned site
location and other security and logistical benefits NTL approved the
proposal and Terra Firma Mining lodged the application for resource
consent.
Granting of this consent is critical milestone in the ongoing development of
the Talisman Mine Project as it provides the first route to gold production
from ore extracted from the Talisman mine. The plant will enable detailed
metallurgical investigations on precious metal recovery rates through a
purely gravity-based processing system. The aim is for Terra Firma to
reproduce the results of earlier testwork on a larger scale and determine the
operating parameters for a full scale commercial processing plant.

Terra Firma will operate and maintain the plant at its industrial site and will
commence the process of replicating the testwork carried out in South
Africa in 2018.
CONSENT FOR PILOT PLANT GRANTED

2

Processing of small quantities of high-grade ore already stockpiled can now commence which
will endeavor to confirm the recovery rates achieved using a very similar plant without the
use of hazardous chemicals such as cyanide.. A major advantage of choosing this process
route is that there will be no requirement to use hazardous chemicals while maintaining
acceptable gold recovery rates. The other important output sought from the testwork is
confirming the residual sand is inert. Once a small volume of ore is processed and the above
data attained the plant can be scaled up while a larger plant is being built.
The pilot plant consists of a primary crusher and mill to reduce the ore to sub 100-micron size
fractions before passing the ground ore through a centrifugal separator to separate heavy
minerals and gold bullion from the lighter non ore mineral fractions Final separation will occur
on a shaker table where free-milling precious metals will be separated from other sulphide
minerals. Three products will be generated namely bullion (gold/silver amalgam), a mineral
concentrate which will also contain gold and silver, and a chemically inert sand which will
have industrial applications. The bullion can be sent for further refining to separate gold and
silver.
Matt Hill Said “ We are delighted at the granting of the resource consent which allows the
metallurgical testwork to commence providing much needed data to allow the larger plant
and at the same time producing the first small quantities of gold from the Talisman mine
project, without the reliance on external operators.”