Market Update

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29 January 2025
ANNOUNCEMENT BY NEW TALISMAN GOLD MINES LIMITED
(NZX: NTL)
FOR IMMEDIATE RELEASE
Market Update
New Talisman Gold Mines Ltd is pleased to provide an update of progress on its path to production in
the first calendar quarter.
Processing Plant
The company has taken delivery of the gravity processing plant’s first containers from Canada and has
begun to lay out the various components in the first steps to assembly.
“It’s like a giant Meccano set, but with plumbing and electrical thrown in”, NTL General Manager and
Board member John Upperton said. “It’s exciting seeing things come together, and being involved with
the tremendous capability of the Terra Firma team in both planning and practical aspects”.
The plant is designed to process 100 tonne per day (5 tonne per hour) and has been the lynch pin in
bringing the Talisman mine into production.
“After years of uncertainty over processing, the new Board took the ‘bull by the horns’ and decided it
was best to have full control over our own destiny, rather than being at the whim of 3rd parties for
processing,” Mr Upperton said. “That path hasn’t been without it’s challenges, but we are soon to reap
the benefits.”
Mr Upperton undertook a processing site visit with Terra Firma Managing Director Lincoln Smith last
week. “I’m impressed with the site works undertaken since my last visit and appreciate Terra Firma
tailoring their work programme to meet NTL’s timeframes and budgets,” he said. “This whole processing
project has involved a fair amount of ‘outside the box” thinking, adaptability and innovation. I’m proud
to be a part of that and also what we are achieving on a comparably tiny budget,” he added.
Works Access Permit
NTL also announces that Hauraki District Council has approved a revised Works Access Permit for the
Talisman Mine access road. This will minimise environmental impacts, while delivering considerable
savings to the company without compromising the safety of road users. The Works Access Permit
enables the company to undertake minor roadworks, drainage maintenance and necessary signage on
the access road and surrounds.
Minerals Strategy Launch
The Company will be represented at the Launch event for the Minerals Strategy for New Zealand to
2040 and Critical Minerals List on January 31
st
with the Chair Samantha Sharif, Director Richard Tacon
and Company Secretary Jane Bell in attendance. The Company will update the market following that
launch on matters that are likely to impact the Company.



John Upperton
General Manager
New Talisman Gold Mines Limited
2b Gibraltar Cres,
Parnell, Auckland 1052
Office +64 9 303 1893
info@newtalisman.co.nz