Preliminary Half Year Report to 30 Sept 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 6 months to 30 September 2022
Previous Reporting Period 6 months to 30 September 2021
Currency NZD
Amount (000s) Percentage change
Revenue from continuing
operations
$- 0%
Total Revenue $- 0%
Net profit/(loss) from
continuing operations
$(665) 24%
Total net profit/(loss) $(665) 24%
Interim/Final Dividend
Amount per Quoted Equity
Security
There are no proposed 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
$0.0029 $0.0048
A brief explanation of any of
the figures above necessary
to enable the figures to be
understood
Not Applicable
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

29/11/2022

Unaudited financial statements accompany this announcement.

29 November 2022
FOR IMMEDIATE RELEASE TO THE MARKET
HALF YEAR PRELIMINARY RESULTS TO 30 SEPTEMBER 2022 (NZX, ASX: NTL)
Consolidated Statement of Comprehensive Income 6 months to
30 Sept 2022
6 months to
30 Sept 2021

Revenue 394 232
Total revenue 394 232
Audit fees 12,969 15,891
Capital Loss on Disposal of Shares - -
Depreciation 29,215 27,346
Director Fees 100,578 44,252
Director and Related Party Remuneration 7,418 21,060
Foreign Exchange (Gain)/Loss 1,382 3,916
Impairment of Prospecting Costs - -
(Gain) / Loss on revaluation of shares 31,162 (8,706)
Contractor Claim Settlement incl Associated Legals 169,987 -
Other operating expenses 312,189 433,902
Total operating and administrative expenses 664,506 537,661
Loss from operations 664,506 537,429
Net deficit attributable to members 664,506 537,429
Earnings per share
Basic earnings/(loss) per share (0.021) cents (0.017) cents
Diluted earnings/(Loss) per share (0.021) cents (0.017) cents

Consolidated Statement of Financial Position 6 months to
30 Sept 2022
6 months to
30 Sept 2021

Current Assets
Cash at bank 966,880 955,853
Receivables and prepayments 79,151 205,405
Inventories 314,275 314,275
Non-current assets
Property, Plant & Equipment 148,425 178,632
Intangible assets (prospecting expenditure) 174,589 119,329
Assets under construction 9,055,546 13,625,922
Investments 44,472 201,830
Right of use assets 31,513 52,438
Total Assets 10,971,127 15,481,917
Current Liabilities
Payables 305,958 150,347
Other Current Liabilities 34,438 33,794
Short term lease liabilities 30,285 24,751
Non-current liabilities
Long term lease liabilities 2,593 28,775
Convertible Note 1,000,000 -
Total liabilities 1,373,274 237,667
Equity
Capital 39,064,145 39,264,145
Reserves - -
Retained profit/(loss) (29,466,292) (24,019,895)
Total Equity 9,597,853 15,244,250
Total Equity and Liabilities 10,971,127 15,481,917

Consolidated Statement of Cash Flows

6 months to 30
Sept 2022

6 months to
30 Sept 2021

Cash flows relating to operating activities
Cash inflows 394 232
Cash outflows (498,856) (502,637)
Net operating cash flows (498,462) (502,135)
Cash flows relating to investing activities
Cash inflows - -
Cash outflows (25,783) (298,585)
Net investing cash flows (25,783) (298,585)
Cash flows relating to financing activities
Cash inflows 1,000,000 647,774
Cash outflows - (10,341)
Net financing cash flows 1,000,000 637,433

Cash at beginning of period 492,507 1,110,695
Exchange rate gain/(loss) (1,382) 8,445
Net increase/(decrease) in cash held 475,755 (163,287)
Cash at end of period 966,880 955,853

Consolidated Statement of Changes in Equity 6 months to 30
Sept 2022
6 months to
30 Sept 2021


Equity at start of period 10,262,359 15,448,180
Net profit/(loss) (664,506) (537,429)
Prior Year - (314,275)
Shares issued - 647,774
Equity at end of period 9,597,853 15,244,250



Shares on Issue
At 30 September 2022 the following shares are on issue

Listed Shares 3,198,072,105 3,127,225,363
Listed Options - 17,036,384
Unlisted Options - -


Events Subsequent to Balance Date
On 7 October 2022 the Company announced that the claim by Mr M Hill had been resolved and was
to be settled by way of payment of $145,000 excl gst in full and final settlement. These financial
statements reflect an accrual for that settlement along with the write off of a bad debt in relation to
that settlement of $7,395 and the write off of a creditor of $30,000 excl gst. The legal costs associated
with this claim were $47,592. The net effect of this transaction inclusive of associated legal costs is
$169,987 and is reflected in the statement of operations.

There are no other material events that occurred after balance date.

Dividend
No dividends or distributions were paid or are planned.
Net Tangible Assets per Security 6 months
to 30 Sept
2022
6 months to
30 Sept
2021


Net tangible assets 9,266,988 15,362,588
Net tangible assets per security 0.29 cents 0.48 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 2022.

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 2022. Those policies are set out in the annual report for the year ended 31
March 2022. 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 3000 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