NTL Half Year Report to 30 Sept 2019

HALF YEARLY REPORT
to 30 September 2019

2 | NEW TALISMAN GOLD
HALF YEARLY REPORT 2019
The directors are pleased to report the company achieved a number
of key milestones during the half year period as follows:
• Completion of rehabilitation works opening up both Mystery and
Dubbo veins
• Completion of Phase 1 Metallurgical testwork – Gold and precious
metals recovery rates achieved
• Phase 2 metallurgical testwork commenced
• Completion of successful capital raising of 3.6M
• Commencement of design and planning for larger volume plant
REPORT TO THE SHAREHOLDERS OF NEW TALISMAN GOLD MINES LTD
Half year ended 30 September 2019

HALF YEARLY REPORT 2019
NEW TALISMAN GOLD | 3
Rehabilitation work to provide access to the Dubbo and Mystery areas
at Talisman was substantively completed in the last quarter of FY2018.
The primary effort in the first half of the 2019 financial year has been
directed towards securing a means of processing the ore produced at
the mine. This has involved procurement, consenting and operation of
a pilot processing plant to verify previous metallurgical testwork results.
The ability to replicate the results is of primary importance to the consent,
design and commissioning of a commercial scale gold processing plant
capable of processing the mines planned output.
Phase 1 of the testwork has been successfully completed and has proven
that recovery of 64% of contained gold into 15% of the ore mass is
reliably achievable through the gravity circuit. An average feed grade
of approximately 10g/t yielded a primary concentrate of approximately
40g/t from the centrifuge. This concentrate can be further upgraded by
passing it over the shaker table. 40kg of primary concentrate was treated
in two batches yielding 650g and 600g of secondary concentrate at
grades of 989g/t gold and 4,120g/t silver, and 876g/t gold and 2800 g/t
silver respectively.While further optimisation of the process is planned
these results are sufficient to underpin the design and procurement of a
suitable, commercial scale plant.
Phase 2 of the metallurgical testwork which aims to gather data on the
plant outputs sufficient to meet council requirements for a resource
consent for a larger volume plant, has commenced. The sampling from
processing small quantities of various ore grades will ensure sufficient
sample size for ore treatment data to be collected and included as part
of final plant application.
Once the required data is sufficient, final design work can be carried out
for the larger gravity plant. Initial design work is underway with Terra Firma
who have expressed interest in working with the company to develop a
larger capacity plant and, with completion of Phase 1, both parties are
now in a position to progress discussions on commercial terms.

Other efforts have focused on the detailed design and costing of the short
decline system from BM35 crosscut to access the extension of the Dubbo
shoot approximately 7m below number 8 level. A key risk identified in
this process is the potential for encountering unknown excavations below
8 Level. In order to quantify those risks NTL has aligned with a local
company to investigate the possibility of deploying digital electro seismic
mapping underground to identify possible extensions of the vein systems
within the mine and to assist with the mapping of unknown excavations.
If successful, this innovative approach will greatly assist with identifying
exploration opportunities and aid mine planning.
Work also continues on the planning and costings to attain a resource
consent application for full mining in line with the 15 years remaining on
the mine permit . The NZ political climate towards the minerals industry
continues to be ambiguous with a bias towards the negative, and highlights
the importance of ongoing security of tenure to ensure continuity of the
operation on completion of the bulk sampling programme.
During the period the company progressed discussions with a number of
parties who have approached the company on the Talisman Mine project,
once the initial metallurgical testwork and independent review of the
resource estimate currently underway is complete the board will be in a
better position to contemplate commercial proposals.

4 | NEW TALISMAN GOLD
HALF YEARLY REPORT 2019
TALISMAN MINE PROJECT
The Diagram below shows the stages of development and evolution the mine has taken since Heritage
commenced exploration activities through to mine development and planning.

Exploration
Initial Exploration
identified a JORC
2004 compliant
Mineral Resource
of 205,000 Oz Au
Pre – Feasibility
PFS completed in
2013 proposes a
5 year mine with a
NPV of $15m
Ore Reserve of
28.8K Oz Au
Data Acquisition
Acquisition of
historic data
allows modelling
of extensions to
mineral resource
and identifies
a JORC 2012
compliant Mineral
Resource of 469k
Oz AuEq
Ore Reserve
Revised PFS
proposes small
scale mine with
6 year mine life
producing >51k Oz
AuEq
Ore Reserve of 51k
Oz AuEq
Mine
Establishment
Site established,
1.5 km of tunnels
rehabilitated giving
access to Mystery
and Dubbo areas
Extraction of ore
from Mystery
underway
Metallurgical
Testing
Pilot plant
established to
verify gold recovery
from gravity
concentration
Mine develop-
ment and Plant
Establishment
Development to
open up reserve
blocks in Dubbo
Zone
Procure and
construct a
commercial
scale plant while
stockpiling ore
from Talisman Mine

HALF YEARLY REPORT 2019
NEW TALISMAN GOLD | 5
Metallurgical Testwork Pilot Plant
Resource consent for operation of the pilot plant was granted in early July. The plant was commissioned
shortly after that and processing of samples taken from the Talisman Mine commenced early in the
September quarter.
The pilot plant comprises scaled-down processing units (jaw crusher, rod mill, centrifuge, shaker table)
that replicate the operations of a commercial plant to the same design as was used in metallurgical
testwork carried out in South Africa,
The process schematic is shown below.
As detailed in previous announcements (please see https://www.asx.com.au/asxpdf/20190920/
pdf/448ph1pf0k83hn.pdf) The process for separating metals from ore extracted from the Talisman Mine,
as advised by Peacock and Simpson, to suit the very fine (sub 150 micron) grain size at which gold can
be most efficiently recovered is as follows:
1. Ore is passed through the crusher which breaks it down to sub 10mm particle sizes;
2. The crushed ore is passed through the rod mill where steel rods in a rotating drum break it down
further to sub 150-micron sizes;
3. The ground ore is passed through a 150 micron screen before entering the centrifuge which rotates
at between 25,000 and 50,000 rpm and uses the gravitational forces generated by that rotation to
trap the heavier metallic elements into a primary concentrate while discharging the lighter clay and
silica particles to waste;
4. The primary concentrate is passed over the shaker table which uses the effect of differing specific
gravity to further separate metals from host minerals resulting in a cleaner secondary concentrate.

Exploration
Initial Exploration
identified a JORC
2004 compliant
Mineral Resource
of 205,000 Oz Au
Pre – Feasibility
PFS completed in
2013 proposes a
5 year mine with a
NPV of $15m
Ore Reserve of
28.8K Oz Au
Data Acquisition
Acquisition of
historic data
allows modelling
of extensions to
mineral resource
and identifies
a JORC 2012
compliant Mineral
Resource of 469k
Oz AuEq
Ore Reserve
Revised PFS
proposes small
scale mine with
6 year mine life
producing >51k Oz
AuEq
Ore Reserve of 51k
Oz AuEq
Mine
Establishment
Site established,
1.5 km of tunnels
rehabilitated giving
access to Mystery
and Dubbo areas
Extraction of ore
from Mystery
underway
Metallurgical
Testing
Pilot plant
established to
verify gold recovery
from gravity
concentration
Mine develop-
ment and Plant
Establishment
Development to
open up reserve
blocks in Dubbo
Zone
Procure and
construct a
commercial
scale plant while
stockpiling ore
from Talisman Mine

6 | NEW TALISMAN GOLD
HALF YEARLY REPORT 2019
Testwork Results
Phase 1 of the testwork is now complete and the results have demonstrated that the recovery rates
achieved by Peacock can be replicated and as such met the basis for proceeding with gravity-based
treatment of the ore. Recovery rates as high as 72% were achieved with an average above 60%. It is
expected that further optimisation of the pilot plant, primarily through increasing the capacity of the
centrifuge during phase 2 testwork, recovery rates will continue to improve with an aim of achieving an
average of 73%.
Grind size
Grind size achieved in the phase 1 testwork was successful in confirming the grind size for Talisman mine
ore of under 100 micron is required for achieving optimal recovery rates using gravity.
Previous testwork has indicated that a grind size of 106 μm is sufficient to liberate the electrum (gold/
silver alloy) from host rock.
The technical team were delighted with the results of the initial grind test work upon which is the one
of major deliverables required to finalise the metallurgical process to be used in a larger scale plant.
The completion of the grind testworks allows for the final designs for ore crushing and grinding circuit
are well underway.
Gold Recovery
The major component in completing phase 1 testwork was the % of gold recovered in order to confirm
the results of testwork completed overseas can be replicated in field settings at a plant scale and can
produce the data of required size to base the design of a larger scale plant to meet the production
planned during bulk sampling. This is achieved in 2 areas Primary recovery and concentrate.
Primary Recovery
In order to quantify the effectiveness of gold recovery into the primary concentrate a total of nine test
batches were run, six on ore sourced from the Dubbo Zone and three from Mystery. The results are as
follows:
• On average 64% of the gold and 38% of the silver is recovered into 15% of the ore i.e. each tonne
of ore treated yields 150kg of concentrate;
• The average feed grade for Maria Ore was 10.05 g/t and for the Mystery Vein 9.61g/t both measured
through sampling of mill output;
• Concentrate grade of 41.5g/t was achieved for the Maria vein and 40.7g/t for the Mystery Vein;
• There was no significant difference in recovery between the two ore types;
• There was considerable variance between batches, with gold recovery ranging between 48% and
79% for Maria ore, and between 56% and 78% for Mystery ore. There is no relationship between
feed grade and recovery, so this variance is attributable to the presence of coarse gold.
The results prove that the process is capable of producing a concentrate that can be sold directly to a
third-party operator with the above specifications exceeding the minimum specifications [provided to
the company by a NZ buyer of gold concentrate.
Secondary Concentrate processing testwork
Testing of the effectiveness of further processing primary concentrate over the shaker table was
quantified in phase 1 through the treatment of approximately 40kg of primary concentrate in two
batches which yielded 650g and 600g of secondary concentrate at grades of 989g/t gold and 4,120g/t
silver, and 876g/t gold and 2800 g/t silver respectively. High levels of other metals such as iron, copper
and zinc are reported in the concentrate. Further data will be sampled as phase 2 metallurgical testwork
required to gain additional data which will form the basis for an application for final plant consent.
It is important to note as a New Zealand company New Talisman can acquire land for use in its activities
without further OIO approvals required by a foreign owned company.

HALF YEARLY REPORT 2019
NEW TALISMAN GOLD | 7
Phase 1 of the metallurgical testwork has successfully achieved commercial recovery rates of optimal
grind size of the equipment. Whilst improving on those results is of importance the primary focus of
phase 2 is test work on the outputs of metals concentrate, bullion and sand processed from the ore
(which can be used in a variety of building and civil works applications ) with the data from further
batches processed through the pilot plant forming the basis for the higher volume plant design consent
and construction.
Talisman Underground
operations
Design and costing of the decline
from BM35 crosscut to access the
Dubbo shoot approximately 7m
below number 8 level is well under
way. The decline, which will be
developed on vein where possible,
aims to intersect a high-grade ore
block in the area intersected by
borehole TM002, drilled by NTL
in 2004, which averaged 85g/t and
117g/t Ag over a 1.0m intersection
on the Maria vein( please see https://
www.asx.com.au/asxpdf/20170712/
pdf/43kl6294htcscp.pdf for further
details).
Figure 3 - Installing support
Electrum Grains

8 | NEW TALISMAN GOLD
HALF YEARLY REPORT 2019
The decline can then be extended downwards in 7m lifts progressively exposing more of the ore body
for sampling and delineation of extractive blocks. The work completed during the bulk sampling phase
creates a solid platform for the Company’s full scale mine plans contemplated in the Prefeasibility Study.
Underground 3d Mapping of Dubbo
A key risk to this work programme is the potential occurrence of unknown excavations in the area. In order
to quantify and mitigate these risks the company has aligned with ATS, a local company to investigate
the possibility of deploying digital electro seismic mapping underground to identify possible extensions
of the vein systems within the mine and to assist with the mapping of unknown excavations. A beta test
of the technology application for the Talisman mine is underway and results have shown promise. This
technology is traditionally used for aquifer mapping, but an initial test has indicated that the system can
potentially be adapted to work in the underground environment. A detailed test regime was developed
to enable seismic readings to be correlated with known features identified in exploration boreholes
which will allow the equipment to be calibrated to interpret the Talisman Mines geological environment.
If successful, this innovative approach will greatly assist with identifying exploration opportunities and
aid mine planning.
Figure 4 - Seismic Survey testing
Mystery Vein
Updating of the mineral resource estimate for the Mystery vein, compliant with JORC 2012 reporting
standards, is progressing well. The estimate will inform further development and exploration of this
vein system which poses the most significant potential for mine expansion given the positive results
achieved on proving the extension of high-grade gold and silver mineralization.
The Mystery Vein was discovered in the 1980’s and sits approximately mid-way between the historically
productive Maria and Crown vein systems. It is believed that this vein had not been identified previously
because of its location on the boundary between the two historic mining permits, although there is
evidence that the vein may have been encountered in the lower levels of the Talisman Mine. The vein

HALF YEARLY REPORT 2019
NEW TALISMAN GOLD | 9
has been exposed over a strike length of some 50m and regular sampling carried out by New Talisman
(then called Heritage Gold) identified samples on the face of Mystery with grades of up to 50 g/t. Recent
check sampling of ore exposed at the drive face yielded grades of up to 40 g/t Au (please see https://
www.asx.com.au/asxpdf/20180508/pdf/43tvlpmv420f4f.pdf. )
Corporate
During the period after analysis of the commercial data available following phase 1 , Terra Firma Limited
expanded the original proposal to include a number of commercial options including both contract
mining and processing. These are being further advanced as the data from the pilot plant has provided
the finer details upon which to base any commercial terms.
Annual Review Meeting
In September 2019 the company completed its annual review meeting with NZPAM. At that meeting the
agreed work programme for the previous 12 months had been completed. Stakeholders who attended
the meeting were most supportive of the progress made and compliance with the permit conditions
confirmed.
Looking Ahead
• Peer review of Talisman resource expected to be completed by year end.
• Completion of the costings and timings for lodgement of full mine consent aligned
with the 15 years remaining on the permit is expected by end April.
• The detailed planning and design work for the decline development into the Dubbo
area is progressing well and will be completed over the next quarter
• Completion of larger scale plant design following completion of phase 2 pilot plant
testwork.
Tenements Held
Rahu Resources –EP90144 100% New Talisman
Talisman Mine – MP51326 100% New Talisman Gold Mines Limited
About New Talisman Gold Mines Ltd
New Talisman Gold is a dual listed (NZSX & ASX: NTL) with over 2850 shareholders who are mainly
from Australia and New Zealand and has been listed since 1986. It is a leading New Zealand minerals
development and exploration company with a mining permit encompassing the Talisman mine, one of
New Zealand’s historically most productive gold mines. The company has commenced prospecting and
upgrading activities at the mine and advance the exploration project to increase its considerable global
exploration target into JORC 2012 resources.
Its gold properties near Paeroa in the Hauraki District of New Zealand are a granted mining permit,
including one of New Zealand’s highest-grade underground gold mines, a JORC 2012 compliant
mineral resource of over 469,000 ounces AuEq at an average above 15 g/t AuEq and a JORC compliant
reserve statement. The Company owns 100% of the Rahu exploration permit, which lies along strike
from the Talisman mine of which 80% was recently acquired from Newcrest Mining. The company will
shortly commence exploration activities at Rahu.

10 | NEW TALISMAN GOLD
HALF YEARLY REPORT 2019
Schematic diagram of the Talisman Mine

HALF YEARLY REPORT 2019
NEW TALISMAN GOLD | 11
NEW TALISMAN GOLD MINES LIMITED
Consolidated Statement of Financial Position
As at 30 September 2019
Note30-Sep-19
$NZ
Unaudited
31-Mar-19
$NZ
Audited
30-Sep-18
$NZ
Unaudited
Equity
Attributable to parent company
shareholders
16,432,037 16,028,26216,559,193
Term liabilities
Provision for closure and rehabilitation
32,21532,21528,395
Total term liabilities32,21532,21528,395
Current liabilities
Payables290,342402,046264,846
Other---
Employee benefits27,66419,99724,228
Total current liabilities318,006422,043289,074
Total liabilities350,221454,258317,469
Total equity and liabilities16,782,25816,482,520 16,876,662
Current assets
Cash3,538,262 1,243,656 2,814,098
Receivables and prepayments179,709172,066153,091
Total current assets3,717,9711,415,7222,967,189
Non-current assets
Property, plant & equipment250,875259,960 273,232
Assets under construction612,787,39912,034,57510,859,876
Intangible assets511,6372,760,950 2,756,950
Investments14,37611,313 19,415
Total non-current assets13,064,287 15,066,798 13,909,473
Total assets16,782,25816,482,52016,876,662
Net tangible assets per security
0.61 cents0.68 cents0.64 cents
For and on behalf of the Board:



Charbel Nader M G Hill
Dated: 6 December 2019 Dated: 6 December 2019
This statement is to be read in conjunction with the accompanying notes and the previous year’s annual
financial statements.
Schematic diagram of the Talisman Mine

12 | NEW TALISMAN GOLD
HALF YEARLY REPORT 2019
NEW TALISMAN GOLD MINES LIMITED
Consolidated Statement of Comprehensive Income
For six months ended 30 September 2019

Continuing Operations
Note 6 Months
30-Sep-19
$NZ
Unaudited
6 Months
30-Sep-18
$NZ
Unaudited
Interest received2,57036,028
Gain/(Loss) on share revaluation3,063(36,583)
Operating and administrative expenses(3,227,380)(671,527)
Loss from operations
(3,221,747) (672,082)
Loss before tax for the period
(3,221,747)(672,082)
Income tax expense--
Total comprehensive income/(loss)
(3,221,747)(672,082)
Net loss attributable to equity holders of the parent(3,221,747)(672,082)
Comprehensive loss attributable to equity holders of
the parent
(3,221,747)(672,082)
Earnings per share
Basic earnings/(loss) per share from continuing
operations
(0.120) cents(0.032) cents
Comprehensive earnings/(loss) per share from
continuing operations
(0.120) cents(0.031) cents
NEW TALISMAN GOLD MINES LIMITED
Consolidated Statement of Changes in Equity
For six months ended 30 September 2019
Note6 months
30-Sep-19
$NZ
Unaudited
6 months
30-Sep-18
$NZ
Unaudited
Total comprehensive income/(loss)(3,221,747)(672,082)
Prior Year Adjustment-1,471
Proceeds from share capital issued43,625,522-
Equity at beginning of period16,028,26217,229,804
Equity at end of period16,432,03716,559,193
This statement is to be read in conjunction with the accompanying notes and the previous year’s annual
financial statements.

HALF YEARLY REPORT 2019
NEW TALISMAN GOLD | 13
NEW TALISMAN GOLD MINES LIMITED
Consolidated Statement of Cash Flows
For six months ended 30 September 2019
Note6 months
30-Sep-19
$NZ
Unaudited
6 months
30-Sep-18
$NZ
Unaudited
Cash flows from operating activities

Cash inflows2,57036,028
Cash outflows(565,454)(643,435)
Net cash outflows from operating activities
7
(562,883)(607,407)
Cash flows from investing activities
Cash inflows--
Cash outflows(775,303)(1,418,147)
Net cash inflows/(outflows) from investing
activities

(775,303)

(1,418,147)
Cash flows from financing activities
Cash inflows43,625,522-
Cash outflows--
Net cash inflows from financing activities
3,625,522-
Net increase / (decrease) in cash held
2,287,336(2,025,554)
Effect of changes in exchange rates7,27010,902
Cash at beginning of period1,243,6564,828,750
Cash at end of period3,538,2622,814,098
CASH COMPRISES:
Cash at bank3,433,2621,209,098
Short term deposits105,0001,605,000
3,538,2622,814,098
This statement is to be read in conjunction with the accompanying notes and the previous year’s annual
financial statements.

14 | NEW TALISMAN GOLD
HALF YEARLY REPORT 2019
NEW TALISMAN GOLD MINES LIMITED
Notes to the interim financial statements
1. General
New Talisman Gold Mines Limited is a profit-oriented company incorporated and domiciled in New
Zealand, registered under the Companies Act 1993 and listed on the New Zealand Stock Exchange
(NZX) and the Australian Stock Exchange (ASX).
The company is an FMC reporting entity for the purposes of the Financial Markets Conduct Act 2013
and the financial statements of the group have been prepared in accordance with the Financial Markets
Conduct Act 2013 and comply with NZX Listing Rule 10.6.1. The group consists of New Talisman Gold
Mines Limited (the “company”) and its subsidiaries (“Group”) and these financial statements are the
consolidated financial statements of the group. The group is engaged in mine development and
mineral exploration.
These financial statements were approved for issue by the Directors on 5 December 2019.
Statement of compliance
These interim consolidated financial statements presented are for New Talisman Gold Mines Limited
and its wholly-owned subsidiaries, Coromandel Gold Limited, Northland Minerals Limited and Rahu
Resources Pty Limited (“Group”). The information is presented in New Zealand currency which is the
company’s functional currency. The interim financial statements are condensed in accordance with NZ
IAS-34, Interim Financial Reporting. These consolidated financial statements have not been audited.
The comparative information for the year ended 31 March 2019 has been audited. The comparative
information for the six month period ended 30 September 2018 has not been audited.
2. 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.
3. Seasonality of operations
The results are unaffected to any significant extent by seasonality factors.
4. Share Capital
Share Capital Movement
6 months
30-Sep-19
$NZ
6 months
30-Sep-18
$NZ
Share Capital Opening balance34,590,84934,590,849
Proceeds from Rights issues3,625,522-
Balance at end of period38,216,37134,590,849
At balance date 2,962,184,325 shares, 17,036,384 listed options and 1,250,000 unlisted options were on
issue.
New Talisman Gold Mines Limited issued 527,681,022 ordinary shares during the period. These newly
issued shares were issued as part of a share purchase plan whereby New Talisman Gold Mines Limited
will issue or transfer to each shareholder that were issued shares under the share purchase plan 1 loyalty
share for every 5 shares provided the shareholder continues to hold those shares on 26 June 2020. The
loyalty shares will be issued for nil additional consideration. The share purchase plan loyalty shares will
give rise to up to 105,536,204 new shares being issued.

HALF YEARLY REPORT 2019
NEW TALISMAN GOLD | 15
5. Prospecting Costs
Prospecting costs & mining tenements6 months
30-Sep-19
$NZ
Year ended
31 Mar 19
$NZ
6 months
30-Sep-18
$NZ
Opening balance2,760,9502,756,9502,752,900
Development expenditure4,0004,0004,050
Impairment of Prospecting Costs(2,753,313)--
Balance at end of period11,6372,760,9502,756,950
New Talisman Gold Mines Limited have recognised an impairment of the prospecting costs previously
capitalised in Rahu Resources Pty Limited totalling $2,753,313 as a result of uncertainty around access to
Department of Conservation land and ability to complete the work programme in relation to MEP 60144
6. Mining Tenements
Talisman Mine Development6 months
30-Sep-19
$NZ
Year ended
31-Mar-19
$NZ
6 months
30-Sep-18
$NZ
Opening balance12,034,5759,638,2679,638,267
Development expenditure752,8242,396,3081,221,609
Balance at end of period12,787,39912,034,57510,859,876
Development expenditure consists of mining development costs, professional salaries, data acquisitions
and a small portion of overhead expenses relating to the operation of the mine. Management assesses
the allocation of directly attributable overheads at the end of each reporting date.
7. Reconciliation of net deficit and operating cash flow
6 months
Sep 2019
$NZ
Unaudited
6 months
Sep 2018
$NZ
Unaudited
Net deficit after taxation
(3,221,747)(672,082)
Add non-cash items:
Depreciation
27,56319,617
Exchange (gain)/loss
(7,269)(10,902)
Impairment of Prospecting Costs
2,753,313-
Loss / (Gain) on revaluation of shares
(3,062)36,583
17,23245,298
Add (less) movement in working capital:
Decrease (increase) in debtors
-2,309
Increase (decrease) in creditors
(104,039)54,160
Decrease (increase) in accrued income
5,3657,071
Decrease (increase) in Prepayments
(39,128)(22,505)
Decrease (increase) in GST
26,121(21,658)
(111,681)19,377
Net cashflows from operating activities
(562,883)(607,407)

16 | NEW TALISMAN GOLD
HALF YEARLY REPORT 2019
8. Expenses
A percentage of certain expenses including wages, consulting fees and other operational expenditure
are capitalised to exploration tenements and assets under construction based on a calculation prepared
by management which is reviewed at each reporting date.
9. Commitments
Capital commitments at the end of the period were $nil. The company has signed a lease agreement for
office rental of $1,705.40 per month plus GST which expires in March 2020.
10. Going concern
The financial report has been prepared on a going concern basis. The company has raised sufficient
funds to commence bulk sampling. The directors expect to ensure that financial obligations can
continue to be met for longer than 12 months.
11. Events subsequent to balance date
No major events occurred after balance date.
12. Related Party Transactions
Payments for consulting services to companies in which directors and major shareholders have a
substantial interest amounted to NZ$184,760. Director fees of $175,769 were payable at the end of the
reporting period. Related party receivables at balance date were $2,194. No related party debts were
written off during the year.
13. Board Appointments and Retirements
There were no changes to the board of directors during this period.

HALF YEARLY REPORT 2019
NEW TALISMAN GOLD | 17
DRAFT
Scott Bennison
Chartered Accountants
Level 1, 251 Elizabeth Street, Sydney, 2000
Phone: (02) 8839 3000
Australian Registered Company Auditor
Number 276008

18 | NEW TALISMAN GOLD
HALF YEARLY REPORT 2019
DRAFT
Scott Bennison
Chartered Accountants
Level 1, 251 Elizabeth Street, Sydney, 2000
Phone: (02) 8839 3000

HALF YEARLY REPORT 2019
NEW TALISMAN GOLD | 19
Scott Bennison
Chartered Accountants
Level 1, 251 Elizabeth Street, Sydney, 2000
Phone: (02) 8839 3000
Australian Registered Company Auditor
Number 276008

www.newtalisman.co.nz
COMPANY DIRECTORY
DIRECTORS
Charbel Nader (Chairman, Independent)
Tony Haworth (Independent Director)
Murray R Stevens (Director)
Matthew G Hill (Chief Executive Officer)
COMPANY SECRETARY
S Jane Bell
Registered (Head) Office
541 Parnell Road, Parnell
Auckland, New Zealand
Telephone (+64 9) 303-1893
Facsimile (+64 9) 303-1612
Email: info@newtalisman.co.nz
Website: www.newtalisman.co.nz
PRINCIPAL OFFICE IN AUSTRALIA
1st Floor, 25 Richardson Street
West Perth
Western Australia 6005
Telephone (+61 8) 9481-2040
Facsimile (+61 8) 9481-2041
BANKERS
Westpac Bank, Auckland
National Australia Bank, West Perth
AUDITORS
Scott Bennison
Chartered Accountants
Level 1, 251 Elizabeth Street, Sydney, 2000
Phone: (02) 8839 3000
Australian Registered Company Auditor
Number 276008
SOLICITORS
Chapman Tripp, Auckland
Williams & Hughes, Perth
SECURITIES LISTED
New Zealand Stock Exchange
Code: Shares NTL; Options NTLOB
Australian Securities Exchange
Code: Shares NTL; Options NTLOB
SHARE REGISTRARS
New Zealand:
Computershare Investor Services Limited
Private Bag 92119
Auckland 1142
159 Hurstmere Road
Takapuna, Auckland 0622
New Zealand
Telephone (+64 9) 488-8777
Facsimile (+64 9) 488-8787
Australia:
Computershare Investor Services Pty Limited
Yarra Falls
452 Johnston Street
Abbotsford Victoria 3067, Australia
Telephone 1300 850 505
Overseas callers (+61 3) 9415-4000
Managing your shareholding online:
To change your address, update your payment
instructions and view your investment portfolio
including transactions please visit
www.computershare.co.nz/investorcentre
General enquiries can be directed to:
enquiry@computershare.co.nz
Please assist our registrar by quoting your CSN or
shareholder number