Preliminary Half Year Report to 30 Sept 2020

26 November 2020
FOR IMMEDIATE RELEASE TO THE MARKET
HALF YEAR PRELIMINARY RESULTS TO 30 SEPTEMBER 2020 (NZX, ASX: NTL)

Consolidated Statement of Comprehensive Income 6 months to
30 Sept 2020
6 months to
30 Sept 2019

Revenue 2,186 2,570
Total revenue 2,186 2,570
Audit fees 16,914 14,973
Capital Loss on Disposal of Shares - -
Depreciation 15,951 27,563
Director Fees 49,333 58,500
Director and Related Party Remuneration 18,720 21,060
Foreign Exchange (Gain)/Loss (12,300) (7,270)
Impairment of Prospecting Costs - 2,753,313
(Gain) / Loss on revaluation of shares (4,545) (3,063)
Rent and leasing 10,232 11,673
Other operating expenses 309,082 347,568
Total operating and administrative expenses 407,932 3,227,380
Loss from operations 401,201 3,221,747
Net deficit attributable to members 401,201 3,221,747
Earnings per share
Basic earnings/(loss) per share (0.014) cents (0.120) cents
Diluted earnings/(Loss) per share (0.014) cents (0.120) cents

Consolidated Statement of Financial Position 6 months to
30 Sept 2020
6 months to
30 Sept 2019

Current Assets
Cash at bank 1,869,706 3,538,262
Receivables and prepayments 144,283 179,709
Non-current assets
Property, Plant & Equipment 207,122 250,875
Intangible assets (prospecting expenditure) 11,637 11,637
Assets under construction 13,428,865 12,787,399
Investments 10,127 14,376
Total Assets 15,671,740 16,782,258
Current Liabilities
Payables 100,814 290,342
Other Current Liabilities 32,215 59,879
Total liabilities 133,029 350,221
Equity
Capital 38,216,371 38,216,371
Reserves - -
Retained profit/(loss) (22,677,660) (21,784,334)
Total Equity 15,538,711 16,432,037
Total Equity and Liabilities 15,671,740 16,782,258

Consolidated Statement of Cash Flows


6 months to 30
Sept 2020


6 months to
30 Sept 2019

Cash flows relating to operating activities
Cash inflows 882 2,570
Cash outflows (358,579) (565,454)
Net operating cash flows (357,697) (562,883)
Cash flows relating to investing activities
Cash inflows - -
Cash outflows (280,615) (775,303)
Net investing cash flows (280,615) (775,303)
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 2,495,718 1,243,656
Exchange rate gain/(loss) 12,300 7,270
Net increase/(decrease) in cash held (638,312) 2,287,336
Cash at end of period 1,869,706 3,538,262

Consolidated Statement of Changes in Equity 6 months to 30
Sept 2020
6 months to
30 Sept 2019


Equity at start of period 15,939,912 16,028,262
Net profit/(loss) (401,201) (3,221,747)
Shares issued - 3,625,522
Equity at end of period 15,538,711 16,432,037



Shares on Issue
At 30 September 2020 the following shares are on issue

Listed Shares 2,792,225,363 2,670,897,941
Listed Options 17,036,384 17,036,384
Unlisted Options - 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
2020
6 months to
30 Sept
2019

Net tangible assets 15,527,074 16,420,400
Net tangible assets per security 0.56 cents 0.61 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 2020.

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 2020. Those policies are set out in the annual report for the year ended 31
March 2020. There have been no changes to those accounting policies.
__________________________________________________________________________________
About New Talisman Gold Mines Ltd
New Talisman Gold is a dual listed (NZSX & ASX: NTL) with over 2900 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.
More about New Talisman Gold at www.newtalisman.co.nz