Preliminary Full Year Report to 31 Mar 2024

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_____________________________________________________
30 May 2024
FOR IMMEDIATE RELEASE
NTL FY 202 4 Preliminary Results (non-audited) [ASX, NZX: NTL]
New Talisman has today reported its preliminary FY 2024 results. Our focus for the year has continued to be
readying Talisman mine for production. We are pleased that this has been achieved. Now we await final
Department of Conservation approvals at Talisman and, with shareholder support, we will be able to commence
production.
Summary of key Results and Events
•Completion of a successful Capital Raise and placement of shortfall, to support recommencement of
our operations at Talisman Mine
•Appointed Terra Firma Mining to operate the mine and commitment by them to take a 300k shareholding
in NTL.
•Progressed the Talisman mine to a state of readiness to begin production, including appointing key
statutory roles, completing digitised survey plans and mine development plan, inspection, maintenance
and rehabilitation of the site.
•Extensive due diligence on processing options.
•Engagement with key community, iwi and other stakeholders
•Continuous engagement on access arrangements with the Department of Conservation, including a
site visit.
•Positive underground inspection at Talisman by Worksafe senior inspectors.
•Partial conversion of the Convertible Debt Security to shares (to the ceiling permitted under NZ takeover
law)
•Obtained a 2 year extension of time for the Vanuatu Prospecting License and continues to seek
exploration partners.
•No dividend attributed to this period.
In summary, the Company's financial year to March 31, 2024 has been somewhat frustrating.
New Talisman has been able to progress the Talisman mine to a state of readiness to begin production in the
Quarter to December 2023.
However, despite our best efforts at proactive engagement, the Department of Conservation has been extremely
slow and unfocussed in progressing our long-term Access Arrangement and associated Authority to Enter and
Operate. We now expect a decision in June 2024.
The inevitable result of these delays, and the impact on our original production and revenue timetable, is that
we will now have to raise further funds before we are able to remobilise our team, finalise a processing
agreement, buy a processing plant and commence production. NTL continues to seek interest from potential
partners to explore our Vanuatu permit. Given that we have not been able to finalise any arrangements during
the year, the Board has taken the prudent approach to book an impairment provision against these Assets.
2b Gibraltar Cres, Parnell, Auckland 1052
Office +64 9303 1893
Fax +64 9303 1612
info@newtalisman.co.nz

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 2024
Previous Reporting Period 12 months to 31 March 2023
Currency
Amount (000s) Percentage change
Revenue from continuing
operations
$43 432%
Total Revenue $43 432%
Net profit/(loss) from
continuing operations
($ 1,238) (53%)
Total net profit/(loss) ($ 1,331) (51%)
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
$0.019 $0.022
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

30/05/2024
unaudi
ted financial statements accompany this announcement.

2
Current Reporting Period
31 March 2024
(12 months)
$
Previous Reporting Period
31 March 2023
(12 months)
$
Change
%
Revenue for ordinary activities 43,041 6,340 579%
Loss from ordinary activities attributable to
members of the listed issuer
1,330,917 2,719,514 (51%)
Tenement expenditure 755,141 75,720 897%
Prospecting Expenditure - - -
Total Net Expenditure 2,043,017 2,788,894 (27%)



Consolidated Statement of Comprehensive Income


Reporting Period
31 March 2024
Previous Reporting
Period 31 March 2023


$ $
Revenue
43,041 6,340
Total revenue
43,041 6,340



Accountancy fees 29,415 58,637
Auditor’s fees
93,705 34,284
Consultancy fees 70,000 81,167
Depreciation 45,432 58,213
Director fees 176,647 189,081
Foreign exchange loss/(gain) (518) 1,740
Insurance
90,880 75,744
Legal fees 48,761 97,581
Rental and lease costs (7,292) 519
Secretarial expenses 120,000 101,991
Security 101,443 54,961
Settlement of dispute - 122,395
Share registry 29,979 91,827
Share revaluation loss/(gain) 3,975 40,903
Stock exchange fees 70,940 80,008
Stock Provision - 314,275
Other 27,437 56,508
Total operating expenses 900,804 1,459,834
Loss from operations
857,763 1,453,494
Finance Costs
93,115 60,537
Impairment of assets 380,039 1,205,483
Other Comprehensive Income - -
Net deficit attributable to members 1,330,917 2,719,514

Earnings per share

Basic earnings/(loss) per share
(0.03) cents (0.06) cents
Diluted earnings/(loss) per share
(0.03) cents (0.06) cents

3


Consolidated Statement of Financial Position


Reporting Period
31 March 2024

Reporting Period
31 March 2023

$ $
Cash
587,080 1,987,733
Inventories
- -
Right of use assets
- 16,969
Receivables and prepayments
320,112 102,440
Current assets
907,192 2,107,142


Property, plant & equipment
105,508 133,972
Assets Under Construction
8,594,331 7,900,000
Intangible assets
11,637 330,865
Right of use assets
- -
Investments
29,676 34,851
Non-current assets
8,741,152 8,399,688


Total assets
9,648,344 10,506,830


Payables
205,417 167,900
Convertible Note
- 1,000,000
Short Term Lease Liabilities
- 17,924
Total Current liabilities
205,417 1,185,824
Convertible Note
723,625 -
Rehabilitation Reserve
38,604 36,745
Total Non-Current liabilities
762,229 36,745
Total liabilities

967,646
1,222,569
Capital


41,532,915


40,776,761
Reserves
- 28,800
Retained profit/(loss)
(32,852,217) (31,521,300)
Total equity
8,680,698 9,284,261


Total Equity and Liabilities
9,648,344 10,506,830

Net tangible assets per security

Net tangible assets
8,669,061 10,175,965
Net tangible assets per security
0.019 0.023

4
Consolidated Statement of Cash Flows


Reporting Period
31 March 2024

Reporting Period
31 March 2023

$ $
Cash flows relating to operating activities

Cash inflows
43,041 6,340
Cash outflows
(920,757) (1,145,530)
Net operating cash flows
(877,716) (1,139,190)


Cash flows relating to investing activities

Cash inflows
- -
Cash outflows
(753,282) (75,720)
Net investing cash flows
(753,282) (75,720)


Cash flows relating to financial activities

Cash inflows
2,47,751 2,741,416
Cash outflows
(17,924) (29,540)
Net financing cash flows
229,827 2,711,876


Net increase/(decrease) in cash held
(1,401,171) 1,496,966
Cash at beginning of period
1,987,733 492,507
Exchange rate gain/(loss)
518 (1,740)
Cash at end of period
587,080 1,987,733

5

Consolidated Statement of Changes in Equity


Reporting Period
31 March 2024

Reporting Period
31 March 2023


$ $
Equity at start of period
9,284,261 10,262,359
Net profit / (loss)
(1,330,917) (2,719,514)
Shares issued
450,979 1,712,616
Partial Conversion of Note
276,375 -
Capital Reserve
- 28,800
Equity at end of period
8,680,698 9,284,261





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

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