Amended – NTL Half Year Results

Results announcement
(for Equity Security issuer/Equity and Debt Security issuer)
Updated as at 8 May 2019


Results for announcement to the market
Name of issuer New Talisman Gold Mines Limited
Reporting Period 6 months to 30 September 2019
Previous Reporting Period 6 months to 30 September 2018
Currency NZD
Amount (000s) Percentage change
Revenue from continuing
operations
$3 (93)%
Total Revenue $3 (93)%
Net profit/(loss) from
continuing operations
$(453) (33)%
Total net profit/(loss) $(453) (33)%
Interim/Final Dividend
Amount per Quoted Equity
Security
It is not proposed to pay dividends
Imputed amount per Quoted
Equity Security
Not Applicable
Record Date Not Applicable
Dividend Payment Date Not Applicable
Current period Prior comparable period
Net tangible assets per
Quoted Equity Security
$0.01 $0.01
A brief explanation of any of
the figures above necessary
to enable the figures to be
understood
This announcement is extracted from NTL’s unaudited
preliminary financial statements as at and for the six months
ended 30 September 2019. A copy of these unaudited interim
financial statements is attached to this announcement.
Authority for this announcement
Name of person

authorised
to make this announcement
Sarah Jane Bell
Contact person for this
announcement
Sarah Jane Bell
Contact phone number 021764224
Contact email address jane@newtalisman.co.nz
Date of release through MAP

02/12/2019

unaudited financial statements accompany this announcement.

---

11 November 2019
FOR IMMEDIATE RELEASE TO THE MARKET
HALF YEAR PRELIMINARY RESULTS TO 30 SEPTEMBER 2019 (NZX, ASX: NTL)

Consolidated Statement of Comprehensive Income 6 months to
30 Sept 2019
6 months to
30 Sept 2018

Revenue 2,570 36,028
Total revenue 2,570 36,028
Audit fees 14,973 15,571
Capital Loss on Disposal of Shares - -
Depreciation 27,563 19,617
Director Fees 58,500 75,000
Director and Related Party Remuneration 21,060 78,400
Foreign Exchange (Gain)/Loss (7,270) (10,902)
Loss on revaluation of shares (3,063) 36,583
Rent and leasing 11,673 13,074
Other operating expenses 332,020 480,767
Total operating and administrative expenses 455,456 671,527
Loss from operations 452,886 672,082
Net deficit attributable to members 452,886 672,082
Earnings per share
Basic earnings/(loss) per share (0.017) cents (0.031) cents
Diluted earnings/(Loss) per share (0.017) cents (0.031) cents

Consolidated Statement of Financial Position 6 months to
30 Sept 2019
6 months to
30 Sept 2018

Current Assets
Cash at bank 3,538,262 2,814,098
Receivables and prepayments 179,709 153,091
Non-current assets
Property, Plant & Equipment 250,875 273,232
Intangible assets (prospecting expenditure) 2,764,950 2,756,950
Assets under construction 12,787,399 10,859,876
Investments 14,376 19,415
Total Assets 19,535,571 16,876,662
Current Liabilities
Payables 290,342 264,846
Other Current Liabilities 59,879 52,623
Total liabilities 350,221 317,469
Equity
Capital 38,216,371 34,590,849
Reserves - -
Retained profit/(loss) (19,031,021) (18,031,656)
Total Equity 19,185,350 16,559,193
Total Equity and Liabilities 19,535,571 16,876,662

Consolidated Statement of Cash Flows


6 months to
30 Sept 2019



6 months to
30 Sept 2018


Cash flows relating to operating activities
Cash inflows 2,570 36,028
Cash outflows (565,454) (643,435)
Net operating cash flows (562,883) (607,407)
Cash flows relating to investing activities
Cash inflows - -
Cash outflows (775,303) (1,418,147)
Net investing cash flows (775,303) (1,418,147)
Cash flows relating to financing activities
Cash inflows 3,625,522 -
Cash outflows - -
Net financing cash flows 3,625,522 -

Cash at beginning of period 1,243,656 4,828,750
Exchange rate gain/(loss) 7,270 10,902
Net increase/(decrease) in cash held 2,287,336 (2,025,554)
Cash at end of period 3,538,262 2,814,098

Consolidated Statement of Changes in Equity 6 months to
30 Sept 2019
6 months to
30 Sept 2018


Equity at start of period 16,028,262 17,229,804
Net profit/(loss) (468,434) (672,082)
Shares issued 3,625,522 1,471
Equity at end of period 19,185,350 16,559,193



Shares on Issue
At 30 September 2019 the following shares are on issue

Listed Shares 2,670,897,941 2,164,503,303
Listed Options 17,036,384 17,036,384
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
2019
6 months to
30 Sept
2018

Net tangible assets 16,420,400 13,802,243
Net tangible assets per security 0.61 cents 0.64 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 2019.

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 2019. Those policies are set out in the annual report for the year ended 31
March 2019. There have been no changes to those accounting policies.
__________________________________________________________________________________
About New Talisman Gold Mines Ltd
New Talisman Gold is a dual listed (NZX & ASX: NTL) leading New Zealand minerals development company with
over 1,900 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