Half Year Report for the six months to 30 Sept 2023

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 2023
Previous Reporting Period 6 months to 30 September 2022
Currency NZD
Amount (000s) Percentage change
Revenue from continuing
operations
$- 0%
Total Revenue $- 0%
Net profit/(loss) from
continuing operations
$(449) -32%
Total net profit/(loss) $(449) -32%
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
$0.0203 $0.0029
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

29/11/2023

Auditor reviewed financial statements accompany this announcement.

RESPONSIBLE, ENVIRONMENTALLY SUSTAINABLE MINING
www.newtalisman.co.nz
HALF YEARLY REPORT
to 30 September 2023

NEW TALISMAN GOLD
HALF YEARLY REPORT 2023
2

HALF YEARLY REPORT 2023NEW TALISMAN GOLD
3
DRAFT HALF YEAR SEPTEMBER 30 2023 CHAIR’S REPORT TO SHAREHOLDERS

HALF YEAR REPORT 2023
Dear Shareholders
New Talisman Gold Mines Ltd reports for the half year to 30 September 2023, which saw significant progress in implementing our
Strategic Plan, with Terra Firma Mining appointed as Talisman Mine operators, and work commence at Talisman Mine.
Highlights in the period include:
• Completion of a successful Capital Raise and placement of shortfall, to support recommencement of our operations at
Talisman Mine
• Appointment of Terra Firma to operate Talisman Mine and commitment by them to take a 300k shareholding in NTL.
• All Statutory Positions required to operate Talisman have been filled and notified to WorkSafe
• A Mine surveyor appointed and underground survey undertaken, providing the necessary up to date Mine Plans in a
digital format
• Received Department of Conservation approval for interim access underground in the Talisman mine.
• A thorough inspection of the Talisman Mine Site confirming structural integrity is sound and all areas and equipment
above and below ground are in good condition
• Completed all preparations for a return to operations, including an assessment of Second Egress options
• Richard Tacon, CEO of Bathurst Resources, elected to the Board at the ASM
• 2 year extension granted for Vanuatu Prospecting Permit
Following our successful capital raise, significant progress has been made with Talisman mine and we are now ready to resume
production, alongside progressing the Second Egress.
We are pleased to welcome Mr Richard Tacon to the Board following his election at our ASM. Richard’s strong experience and
reputation in the mining sector and his involvement across a number of industry bodies adds to the skill and knowledge base of the
Board.
During the period the company also engaged with a number of parties with a view to finalising the ore processing options available.
Solid progress has been made in analysing the equipment and logistics involved in producing a marketable gold/silver concentrate
for further refining.
NTL has had longstanding Access Arrangements to the Talisman Site from the Dept of Conservation since the 1990s, but our ability
to fully resume operations at Talisman continues to be delayed by the length of time taken by DOC to process our current renewal
application.
NTL’s continued ability to access the site is important for health, safety and security reasons; our continued presence helps to minimise
illegal mining and vandalism, both of which have recently been occurring in the area. Furthermore, NZPAM expects us to progress our
Permit for a Bulk Sampling Programme in a timely manner.
We continue to try to work productively with DOC to process our routine application in a reasonable timeframe, including hosting a
positive site visit for the DOC team in November.
We also continue our approach of proactive stakeholder engagement with the local community, including iwi.
The company has received interest from a number of parties in relation to our Vanuatu Permit. We have invited all Expressions of
Interest in relation to this Permit to be submitted to us by the end of November to enable us to compare options and make a decision
on the best way forward.
Pleasingly, we also note, that as the Talisman mine nears a return to production, the price of gold has held firmly above NZD$3,000
per ounce. In these uncertain times, gold has, as ever, retained its standing as a safe haven of value, much as it has for the 130+ years
of the mine’s history. We look forward to adding to the rich history and legacy of the Talisman mine.
Samantha Sharif
Chair, New Talisman Gold Mines Limited
Tenement Holdings
Talisman MMP 51326 100% New Talisman Gold Mines Ltd
Capella Vanuatu PL 1851

NEW TALISMAN GOLD
HALF YEARLY REPORT 2023
4
BOARD OF DIRECTORS
Independent Director and Chair
Samantha Sharif (LLB (Hons), LLM (Hons), Grad
Dip CSP, CFInstD)
Samantha Sharif is a Professional Director with extensive
leadership experience in infrastructure, resources, safety critical
industries, as well as investment and capital markets. Ms Sharif is an
experienced Board and Board Committee Chair, and a Chartered
Fellow of the Institute of Directors. Samantha has experience as
a CEO and has also practised as a senior commercial lawyer,
with post-graduate legal and finance qualifications. Current
governance roles include: Carbn Group - Chair, SIL/MFL Mutual
Funds - Director, Edison Consulting Group - Director, Dept of
Corrections Audit & Risk Committee - External Member Ms Sharif
was appointed to the Board on 1 November 2021.
Director
John Upperton
Mr Upperton has a background in both Commercial and
Residential Construction Project Management. Alongside these
projects, Mr Upperton has garnered considerable experience in
aspects of the RMA and District Planning requirements, including
successfully representing himself in Environment Court.
Mr Upperton has 16 years’ experience as Managing Director
of a Limited Company. He has served on and chaired several
community organisations over a 25 year period.
Mr Upperton has also previously held a senior management
role for one of NZ’s leading Manuka Honey producers, being
responsible for the negotiation and placement of bee hives
across the North Island involving more than 300 landowners.
Mr Upperton was appointed to the Board on 29 September 2021.
Independent Director
Michael Stiassny (LLB, BCom, CFInstD)
Michael is currently Chair of Two Cheap Cars Limited and Tower
Limited, and a director of a number of other companies.
Michael is a Chartered Fellow of The Institute of Directors in
NZ (Inc) (CFInstD) and is also past President of the Institute of
Directors. He is a also a life member of RITANZ.
Mr Stiassny was appointed to the Board on 1 November 2021.

Independent Director
Richard Tacon (FAusIMM)
Mr Tacon is an experienced Mine Operator and Company
Director with over 40 years of operational experience in all facets
of mining gained in New Zealand and internationally. He has
specialised expertise in underground and open cast coal mining.
Richard’s experience includes project feasibility analysis,
management of operations and environmental management.
He is presently the CEO of Bathurst Resources, an ASX listed
resources company with operations and projects in New Zealand
and Canada. Richard is also a director of BT Mining Limited (BT
Mining), an incorporated joint venture company with Talleys
Energy Ltd and of which BRL is a 65% owner. He sits on the board
of the New Zealand Mines Rescue Trust, Straterra, and Minerals
West Coast.
He studied Mineral Technology at Otago University, before
obtaining a coal mining certificate from TAFE (Technical and
Further Education) NSW in 1984. I hold first, second and third
class mining qualifications from NSW and First Class Coal Mine
Managers, A Grade Quarry and Senior Site Executive Certificates
of Competency in New Zealand.
Mr Tacon was appointed to the Board in September 2023.

HALF YEARLY REPORT 2023NEW TALISMAN GOLD
5
Level | 1 York Street | Sydney | NSW | 2000
GPO Box 4137 | S ydney | NSW | 2001
t: +61 2 9256 6600 | f: +61 2 9256 6611
sydney@uhyhnsyd.com.au
www.uhyhnsydney.com.au
An association of independent Ƃ rms in Australia and New Zealand and a member
of UHY International, a network of independent accounting and consulting Ƃ rms.
UHY Haines Norton—ABN 85 140 758 156 NSWBN 98 133 826
Liability limited by a scheme approved under Professional Standards Legislation.
Passion beyond numbers
9
Independent Auditor’s Review Report
To The Shareholders of New Talisman Gold Mines Limited

Conclusion
I have reviewed the condensed consolidated interim financial st atements (‘interim financial
statements’) of New Talisman Gold Mines Limited (‘the Company’) and its subsidiaries (‘the Group’ ),
which comprise the condensed consolidated interim statement of financial position as at 30
September 2023, and the condensed consolidated interim statement of comprehensive income,
condensed consolidated interim statement of changes in equity and condensed consolidated interim
statement of cash flows for the six month period ended on that date, and a summary of significant
accounting policies and other explanatory information.
I am a partner with UH Y Haines Norton Chartered Accountants Syd ney (the Firm ) and I have used the
staff and resources of the Firm to perform the review of the Group.
Based on my review, nothing has come to my attention that causes me to believe that the interim
financial statements of the Group do not present fairly, in all material respects, the financial position
of the Group as at 30 September 2023 and its financial performance and cash flows for the six month
period ended on that date in accordance with New Zealand Equiva lent to International Accounting
Standard 34 Interim Financial Reporting (N Z IA S 34 ) and International Accounting Standard 34 Interim
Financial Reporting (IAS 34).
Basis for Conclusion
I conducted my review in accordance with New Zealand Standard on Review Engagement 2410
(Revised ) Review of Financial Statements Performed by the Independent Aud itor of the Entity (NZ SR E
2410 (Revised)). My responsibilities are further described in the Auditor’s Responsibilities for the
Review of the Interim Financial Statements section of my report.
I am independent of the Group in accordance with the relevant ethical requirements in New Zealand
relating to the audit of the annual financial statements, and I have fulfilled my other ethical
responsibilities in accordance with these requirements.
Other than in my capacity as auditor, neither myself, the firm or the firm’s staff have no relationship
with, or interests in, the Group.
Directors’ responsibilities for the interim financial statements
The directors are responsible on behalf of the Group for the preparation and fair presentation of the
interim financial statements in accordance with NZ IAS 34 and IAS 34 and for
such internal control as
the directors determine is necessary to enable the preparation and fair presentation of the interim
financial statements that are free from material misstatement, whether due to fraud or error.

NEW TALISMAN GOLD
HALF YEARLY REPORT 2023
6
An association of independent Ƃ rms in Australia and New Zealand and a member
of UHY International, a network of independent accounting and consulting Ƃ rms.
UHY Haines Norton—ABN 85 140 758 156 NSWBN 98 133 826
Liability limited by a scheme approved under Professional Standards Legislation.
Passion beyond numbers
Auditor’s responsibilities for the review of the interim financial statements
My responsibility is to express a conclusion on the interim financial statements based on my review.
NZ SR E 2410 (Revised ) requires me to conclude whether anything has come to my attention that
causes me to believe that the interim financial statements, tak en as a whole, are not prepared, in all
material respects, in accordance with NZ IA S 34 and IAS 34.
A review of the interim financial statements in accordance with NZ SRE 2410 (Revised) is a limited
assurance engagement. I perform procedures, primarily consisting of making enquiries, primarily of
persons responsible for financial and accounting matters, and applying analytical and other review
procedures. The procedures performed in a review are substantially less than those performed in an
audit conducted in accordance with International Standards on Auditing (New Zealand) and
International Standards on Auditing and consequently do not ena ble me to obtain assurance that I
might identify in an audit. Accordingly, I do not express an audit opinion on the interim financial
statements.
Restriction on use
This report is made solely to the Group’s shareholders, as a bo dy. My review work has been
undertaken so that I might state to the Group’s shareholders, as a body those matters which I am
required to state to them in my review report and for no other purpose. To the fullest extent permitted
by law, I do not accept or assume responsibility to anyone othe r than the Group’s shareholders, as a
body, for my review procedures, for this report, or for the conclusions I have formed.


Vikas Gupta
Audit Partner - UHY Haines Norton Chartered Accountants Sydney
Signed at Sydney, Australia on 21 November 2023

HALF YEARLY REPORT 2023NEW TALISMAN GOLD
7
NEW TALISMAN GOLD MINES LIMITED
Consolidated Statement of Financial Position
As at 30 September 2023

Note30-Sep-23
$NZ
Unaudited
31-Mar-23
$NZ
Audited
30-Sep-22
$NZ
Unaudited
Equity
Share Capital41,256,54040,805,56139,264,145
Accumulated deficit(31,970,142)(31,521,300)(29,666,292)
Equity Attributable to parent company shareholders9,286,3989,284,2619,597,853
Non Current liabilities
Long term lease liabilities
Convertible Debt Security
Provision for closure and rehabilitation
9
11
-
-
37,848
-
-
36,745
2,593
1,000,000
34,438
Total non current liabilities37,84836,7451,037,031
Current liabilities
Payables & Accruals173,563167,900305,958
Convertible Note111,000,0001,000,000-
Short term lease liabilities92,59217,92430,285
Total current liabilities1,176,1551,185,824336,243
Total liabilities1,214,0031,222,5691,373,274
Total equity and liabilities 10,500,40110,506,830 10,971,127
Current assets
Cash1,605,5721,987,733966,880
Inventories4--314,275
Right of use assets92,42416,969-
Receivables and prepayments5385,411102,44079,151
Total current assets1,993,4072,107,1421,360,306
Non-current assets
Property, plant & equipment119,645133,972148,425
Assets under construction108,032,9297,900,0009,055,546
Right of use assets9--31,513
Intangible assets7330,865330,865330,865
Investments823,55534,85144,472
Total non-current assets8,506,9948,399,6889,610,821
Total assets10,500,40110,506,83010,971,127
Net tangible assets per security2.03 cents 2.16 cents0.29 cents
For and on behalf of the Board:



Michael Stiassny Samantha Sharif
Dated: 21 November 2023 Dated: 21 November 2023
This statement is to be read in conjunction with the accompanying notes and the previous year’s annual financial statements.
\

NEW TALISMAN GOLD
HALF YEARLY REPORT 2023
8
NEW TALISMAN GOLD MINES LIMITED
Consolidated Statement of Comprehensive Income
For six months ended 30 September 2023
Note
6 Months
30-Sep-23
$NZ
Unaudited
6 Months
30-Sep-22
$NZ
Unaudited
Continuing Operations
Revenue--
Cost of sales of goods4--
Gross Profit--
Interest received23,823394
Gain/(Loss) on share revaluation(11,296)(32,932)
Operating and administrative expenses
Contractor Claim Settlement incl Associated Legals
413,450
-
451,055
169,987
Loss from operations (400,923)(653,580)
Loss before tax for the period(400,923)(653,580)
Interest expense
Income tax expense
(47,919)
-
(10,926)
-
Total comprehensive income/(loss) (448,842)(664,506)
Net loss attributable to equity holders of the parent(448,842)(664,506)
Comprehensive loss attributable to equity holders of the parent(448,842)(664,506)
(448,842)(664,506)
Earnings per share
Basic earnings/(loss) per share from continuing operations(0.010) cents(0.021) cents
Comprehensive earnings/(loss) per share from continuing operations(0.010) cents(0.021) cents
NEW TALISMAN GOLD MINES LIMITED
Consolidated Statement of Changes in Equity
For six months ended 30 September 2023
Note6 months
30-Sep-23
$NZ
Unaudited
6 months
30-Sep-22
$NZ
Unaudited
Total comprehensive income/(loss)(448,842)(664,506)
Prior Year Adjustment--
Proceeds from share capital issued5450,979-
Equity at beginning of period9,284,26110,262,359
Equity at end of period9,286,3989,597,853
This statement is to be read in conjunction with the accompanying notes and the previous year’s annual financial statements.

HALF YEARLY REPORT 2023NEW TALISMAN GOLD
9
NEW TALISMAN GOLD MINES LIMITED
Consolidated Statement of Cash Flows
For six months ended 30 September 2023

Note
6 months
30-Sep-23
$NZ
Unaudited
6 months
30-Sep-22
$NZ
Unaudited
Cash flows from operating activities
Cash was provided from:
Interest received18,352394
Total Cash Inflows18,352394
Cash was disbursed to:
Payments to Suppliers(377,779)
Total Cash outflows(377,779)(498,856)
Net cash outflows from operating activities11(359,427)(498,462)
Cash flows from investing activities
Cash inflows--
Cash outflows to exploration(131,826)(25,783)
Net cash (outflows)/inflows from investing activities(131,826)(25,783)
Cash flows from financing activities
Cash inflows from Share Capital Issued 150,8121,000,000
Cash outflows – Interest paid(42,159)-
Net cash inflows from financing activities108,6531,000,000
Net increases / (decrease) in cash and cash equivalents held(382,600)475,755
Effect of changes in exchange rates439(1,382)
Cash and cash equivalents at beginning of period1,987,733492,507
Cash and cash equivalents at end of period1,605,572966,880
CASH COMPRISES:
Cash at bank26,590111,880
Short term deposits1,578,982855,000
1,605,572966,880
This statement is to be read in conjunction with the accompanying notes and the previous year’s annual financial statements.

NEW TALISMAN GOLD
HALF YEARLY REPORT 2023
10
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 21 November 2023.
Statement of compliance
These interim consolidated financial statements presented are for New Talisman Gold Mines Limited and its wholly-owned subsidiaries,
Coromandel Gold Limited, Critical Mineral Resources 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 2023 has been audited. The comparative information for the six-month period ended 30 September 2022
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 2023. Those policies are set out in the annual
report for the year ended 31 March 2023. 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. INVENTORIES
Cost of sales of goods6 months
30-Sep-23
$NZ
Year Ended
31-Mar-23
$NZ
6 months
30-Sep-22
$NZ
Opening inventories-314,275314,275
Current year mining exploration costs released (refer to note 10)--
Provision (314,275)-
Less closing inventories--(314,275)
Total cost of sales of goods-(314,275)-
The cost of inventories is an accumulation of costs in relation to ore drilled but not yet processed. Inventories comprises of gold bearing
ore held by the company obtained through its mining exploration activities. As the mine had been closed for the full financial year and
management had not had access to check stock holdings the Directors made a provision against the full value of the inventories at the
year ended 31 March 2023. This provision will be reassessed at the following year end.
5. RECEIVABLES AND PREPAYMENTS
6 months
30-Sep-23
$NZ
Year Ended
31-Mar-23
$NZ
6 months
30-Sep-22
$NZ
Rent Receivable1,725--
Capital Receivable300,167--
Taxes Receivable27,31032,65132,227
Prepaid Listing Fee33,23910,50031,499
Prepaid Insurances22,97059,28915,425
Total receivables and prepayments385,411102,44079,151
The capital receivable is an amount due under the Terra Firma Mining Ltd (TFML) Subscription agreement in which TFML has agreed to
set-off the amount payable by TFML against invoices payable by New Talisman to TFML for mining services. It is anticipated that the full
amount will be settled prior to 31 March 2024.

HALF YEARLY REPORT 2023NEW TALISMAN GOLD
11
6. SHARE CAPITAL
Share Capital Movement6 months
30-Sep-23
Shares
6 months
30-Sep-23
$NZ
6 months
30-Sep-22
Shares
6 months
30-Sep-22
$NZ
Share Capital Opening balance414,875,14940,776,7613,198,072,10539,264,145
Proceeds from Rights issues26,654,406450,979-
Balance at end of period441,529,55541,227,7403,198,072,10539,264,145
At balance date 441,529,555 Ordinary shares were on issue.
7. INTANGIBLE ASSETS
Prospecting costs & mining tenements6 months
30-Sep-23
$NZ
Year ended
31 Mar 23
$NZ
6 months
30-Sep-22
$NZ
Opening balance11,63711,63711,637
Development expenditure---
Impairment of Prospecting Costs---
Balance at end of period11,63711,63711,637
Goodwill
6 months
30-Sep-23
$NZ
Year ended
31 Mar 23
$NZ
6 months
30-Sep-22
$NZ
Opening balance319,228319,228319,228
Additions---
Amortisation Charge---
Impairment of Goodwill---
Balance at end of period319,228319,228319,228
Total Intangible Assets330,865330,865330,865
The goodwill has arisen from the acquiring of a business combination associated with the acquisition of the shares in Capella Vanuatu
Limited which was completed in December 2021. Management has assessed the above costs and believed that these costs are
representative of its fair value.
8. INVESTMENTS
6 months
Sep 2023
$NZ$
Unaudited
Year Ended
31 Mar 23
$NZ
Audited
6 months
Sep 2022
$NZ$
Unaudited
Investment in listed companies – at fair value23,55534,85144,472
Total share investments23,55534,85144,472
Investment in listed companies are recorded at market value using price and exchange rates as at 30 September 2023
9. RIGHT OF USE ASSETS
The company has recognised a right of use asset for the lease of the premises situated at 547 Parnell Road, Auckland which is for a three
year period commencing on 6 October 2020.
Movements in right of use assets are summarised below:
Right of Use Assets6 months
30-Sep-23
$NZ
Year ended
31-Mar-23
$NZ
6 months
30-Sep-22
$NZ
Opening balance16,96946,05746,057
Additions---
Depreciation charge(14,545)(29,088)(14,545)
Balance at end of period2,42416,96931,512

NEW TALISMAN GOLD
HALF YEARLY REPORT 2023
12
A lease commitment has been recognised on the above right of use asset. Movements in the lease liability are summarised below:
Lease Liability6 months
30-Sep-23
$NZ
Year ended
31-Mar-23
$NZ
6 months
30-Sep-22
$NZ
Opening balance17,92447,46447,464
Leases entered into during the year---
Interest expense2891,7021,035
Principal and Interest repayments(15,621)(31,242)(15,621)
Balance at end of period2,59217,92432,878
Short term lease liabilities2,59217,92430,285
Long term lease liabilities--2,593
2,59217,92432,878
10. MINING TENEMENTS
Talisman Mine Development6 months
30-Sep-23
$NZ
Year ended
31-Mar-23
$NZ
6 months
30-Sep-22
$NZ
Opening balance7,900,0009,029,7639,029,763
Development expenditure132,92975,72025,783
Impairment of mine development-(1,205,483)-
Balance at end of period8,032,9297,900,0009,055,546
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. Management also assesses the carrying value of development expenditure to ensure it represents the fair value of
the mine development asset. An independent Technical Valuation of the Talisman Gold Project was provided by Geos Mining Minerals
Consultants as at 30 September 2021. They concluded that a preferred valuation of the Project was NZ $15.6 million. This valuation
exceeds the carrying amount of Assets under construction as at 30 September 2023 of $8,032,929. The Directors have reviewed the
various components that impact the value of the Mining Assets and have determined that no change be made to the impairment
provision for Assets under construction at this time.
11. CONVERTIBLE DEBT SECURITY
The Company issued a Convertible Debt Security with a principal value of NZ$1,000,000 on 24 August 2022. The Convertible Debt
Security has the following terms:
• Term, 18 months from drawdown,
• Drawdown of the Convertible Debt Security will be in one tranche,
• Annual Interest rate of 9.5%, payable quarterly in cash, there is no option to settle interest by any other means.
• Conversion to ordinary shares at the 18 month anniversary of drawdown at a 15% discount to the preceding 20 day VWAP of the
ordinary shares of the Company, or at the discretion of the Company repaid in cash on the 18 month anniversary of drawdown,
with no additional fees. In either case the principal amount to be repaid will be NZ$1,000,000.
• The Convertible Debt Security will be unsecured and rank pari-passu with unsecured trade creditors.
The issue of the Convertible Debt Security was approved by shareholders at a special meeting held on 22 June 2022.
As the note is convertible into a variable quantity of shares, the Convertible Debt Security has been recognised as a financial liability.

HALF YEARLY REPORT 2023NEW TALISMAN GOLD
13
12. RECONCILIATION OF NET LOSS AND OPERATING CASH FLOW
6 months
Sep 2023
$NZ
Unaudited
6 months
Sep 2022
$NZ
Unaudited
Net loss after taxation
(400,923)(664,506)
Add non-cash items:
Depreciation
13,25129,216
Exchange (gain)/loss
(440)1,382
Write off of Debtor
-7,395
Loss / (Gain) on revaluation of shares
11,29631,282
24,10761,880
Add (less) movement in working capital:
Decrease (increase) in debtors
(1,725)-
Increase (decrease) in creditors
19490,937
Decrease (increase) in Prepayments
13,5789,872
Decrease (increase) in Income Tax
-558
Decrease (increase) in GST
5,342(4,598)
17,389104,164
Net cash outflows from operating activities
(359,427)(498,462)
13. 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.
14. COMMITMENTS
Capital commitments at the end of the period were $nil.
15. GOING CONCERN
The financial report has been prepared on a going concern basis. The directors have declared that financial obligations can continue to
be met as and when they fall due.
16. EVENTS SUBSEQUENT TO BALANCE DATE
No material events occurred after balance date.
17. RELATED PARTY TRANSACTIONS
Payments for consulting services to companies in which directors and major shareholders have a substantial interest amounted to
NZ$34,999 and is broken down as follows:
DirectorAmount Paid
John Upperton$34,999
Director fees of $6,667 were payable at the end of the reporting period. Related party receivables at balance date were $nil.

www.newtalisman.co.nz
COMPANY DIRECTORY
DIRECTORS
Samantha Sharif (Chair and Independent Director)
John Upperton (Director)
Michael Stiassny (Independent Director)
Richard Tacon (Independent Director)
COMPANY SECRETARY
S Jane Bell
REGISTERED (HEAD) OFFICE
2b Gibraltar Cres, Parnelll
Auckland, New Zealand
Telephone (+64 9) 303-1893
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
Vikas Gupta,
UHY Haines Norton Level 9,
1 York Street, Sydney NSW 2000
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