Preliminary Full Year Report to 31 Mar 2022

Template
Results announcement
(for Equity Security issuer/Equity and Debt Security issuer)
Updated as at 17 October 2019


Results for announcement to the market
Name of issuer New Talisman Gold Mines Limited
Reporting Period 12 months to 31 March 2022
Previous Reporting Period 12 months to 31 March 2021
Currency
Amount (000s) Percentage change
Revenue from continuing
operations
$1 (60%)
Total Revenue $1 (60%)
Net profit/(loss) from
continuing operations
($1,063) (21%)
Total net profit/(loss) ($1,066) (21%)
Interim/Final Dividend
Amount per Quoted Equity
Security
$ Nil
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
$0.0046 $0.0056
A brief explanation of any of
the figures above necessary
to enable the figures to be
understood
[May refer to an attached document]
Authority for this announcement
Name of person

authorised
to make this announcement
Jane Bell
Contact person for this
announcement
Jane Bell
Contact phone number 021 764 224
Contact email address jane@newtalisman.co.nz
Date of release through MAP

30/05/2022

unaudited financial statements accompany this announcement.

Page | 1

_____________________________________________________
30 May 2022


FOR IMMEDIATE RELEASE
ANNOUNCEMENT BY NEW TALISMAN GOLD MINES LIMITED [ASX, NZSX: NTL]
Preliminary Announcement – Full Year Results (Subject to audit)
Current Reporting Period
31 March 2022
(12 months)
$
Previous Reporting Period
31 March 2021
(12 months)
Restated
$
Change
%
Revenue for ordinary activities 1,191 2,973 (60%)
Loss from ordinary activities attributable to
members of the listed issuer
1,065,890 762,402 40%
Tenement expenditure 294,447 374,572 (21%)
Prospecting Expenditure - - -
Total Net Expenditure 1,360,337 1,136,974 20%

No dividend attributed to this period.


Tenement expenditure for the reporting period was $294,447 compared to $374,572 in the previous reporting
period.

At the end of the year the Company had a cash balance of $492,507.
SUMMARY OF YEARS EVENTS
• Shareholders send message at ASM
• A$670k Placement Made
• Board Changes
• NZ RegCo Queries concluded
• Dept of Conservation Access Agreement Renewed
• Strategic Plan and funding intentions announced
• Campbell MacPherson engaged to place Convertible Debt Security

547 Parnell Rd, Parnell, Auckland 1052
Office +64 9303 1893
Fax +64 9303 1612
info@newtalisman.co.nz

2
SUMMARY
The Company's financial year to March 31, 2022 is best seen as a year of two halves, with the Company ending
the year with an entirely different Board than with which it started. This transition has been documented in
previous Quarterly reports (https://www.nzx.com/announcements/389362
). The new Board initially found itself
occupied with answering regulatory queries pertaining to the previous Board's activities and aspects of
governance during a tumultuous period in October 2021, that culminated in the NZX releasing its findings in the
following (
https://www.nzx.com/regulation/nzx-rules-guidance). The Board then focused its energy on
developing a Strategic Plan that was released to the Market in April 2022
(
https://www.nzx.com/announcements/391051) which sees the Company's core asset, the Talisman mine being
brought into production.
The Board also undertook a thorough review of the Vanuatu exploration permit purchase and found itself bound
to complete the deal. The pandemic, alongside the Company's financial position, has made it impossible to
make progress on the prospect, but the Board will refocus upon it once the implementation of the Strategic Plan
and associated proposed Convertible Debt Security (https://www.nzx.com/announcements/391051
) are
finalised.

3
Consolidated Statement of Comprehensive Income


Reporting Period
31 March 2022
Previous Reporting
Period 31 March 2021
(Restated)

$ $
Revenue
1,191 2,973
Total revenue
1,191 2,973



Accountancy fees
156,224 110,273
Auditor’s fees – auditing and review of the financial
statements
49,093 37,813
Consultancy fees 32,419 68,224
Depreciation 57,426 41,769
Director fees 139,085 85,333
Foreign exchange loss/(gain)
(7,505) (13,177)
Insurance 80,743 59,836
Legal fees 119,399 23,979
Loss on Investments 112,366 -
Rental and lease costs 3,163 13,406
Secretarial expenses 69,250 52,000
Security 64,115 79,282
Share registry 99,650 59,514
Share revaluation loss/(gain) (54,397) (15,775)
Stock exchange fees 58,281 56,690
Other 84,669 104,725
Total operating expenses 1,063,981 763,892
Loss from operations
1,062,790 760,919
Finance Costs
3,100 1,483
Exploration Costs written off - -
Other Comprehensive Income - -
Net deficit attributable to members 1,065,890 762,402

Earnings per share

Basic earnings/(loss) per share
(0.03) cents (0.03) cents
Diluted earnings/(loss) per share
(0.03) cents (0.03) cents


Consolidated Statement of Financial Position


Reporting Period
31 March 2022

Reporting Period
31 March 2021
(Restated)

$ $
Cash
492,507 1,110,695
Inventories
314.275 314.275
Receivables and prepayments
92,379 100,368
Current assets
899,161 1,525,338


Property, plant & equipment
163,097 191,388
Assets Under Construction
13,679,860 13,385,413
Intangible assets
330,865 11,637
Right of use assets
46,057 64,539

4
Investments
75,754 185,828
Non-current assets
14,295,633 13,838,805


Total assets
15,194,794 15,364,143


Payables
197,103 132,577
Short Term Lease Liabilities
29,540 24,141
Total Current liabilities
226,643 156,718
Total Non-Current liabilities
52,362 73,520


Total liabilities

279,005
230,328
Capital


39,064,145


38,216,371
Reserves
- -
Retained profit/(loss)
(24,148,356) (23,082,466)
Total equity
14,915,789 15,133,905


Total Equity and Liabilities
15,194,794 15,364,143

Net tangible assets per security

Net tangible assets
14,584,923 15,568,058
Net tangible assets per security
0.46 cent 0.56 cent


Consolidated Statement of Cash Flows


Reporting Period
31 March 2022

Reporting Period
31 March 2021

$ $
Cash flows relating to operating activities

Cash inflows
691 1,669
Cash outflows
(889,195) (697,727)
Net operating cash flows
(888,504) (696,068)


Cash flows relating to investing activities

Cash inflows
- 1,304
Cash outflows
(558,817) (694,259)
Net investing cash flows
(558,817) (692,955)


Cash flows relating to financial activities

Cash inflows
847,774 -
Cash outflows
(26,146) (9,177)
Net financing cash flows
821,628 (9,177)


Net increase/(decrease) in cash held
(625,693) (1,398,200)
Cash at beginning of period
1,110,695 2,495,718
Exchange rate gain/(loss)
7,505 13,177
Cash at end of period
492,507 1,110,695

5

Consolidated Statement of Changes in Equity


Reporting Period
31 March 2022

Reporting Period
31 March 2021
(Restated)

$ $
Equity at start of period
15,133,905 15,935,837
Net profit / (loss)
(1,065,890) (762,402)
Shares issued
847,774 -
Prior Period Adjustment
- -
Equity at end of period
14,915,789 15,203,435





These annual financial statements are subject to completion of the audit.

Comparatives for the year ended 31 March 2021 have been restated due to the correction of a technical
error. Inventories was previously included under sundry receivables. Full disclosure will be provided in the
audited financial statements.

No dividends or distributions were paid or are planned.

All statements are prepared in accordance with New Zealand equivalents to International Financial
Reporting Standards.


There are no accounting policies which the directors believe are critical to the portrayal of New Talisman’s
financial condition and results which require the directors to make judgements and estimates about matters
that are inherently uncertain.


All accounting policies have been applied on bases consistent with those used in previous years.



















About New Talisman Gold Mines Ltd

New Talisman Gold is a dual listed (NZSX & ASX: NTL) with over 3,000 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