Quarterly Activities Report to 30 June 2023 incl Cashflow

1

New Talisman Gold Mines
Limited

Responsible,
Environmentally
Sustainable Mining

ASX/NZX Code NTL
______________________

Commodity Exposure
GOLD and SILVER


Board

Samantha Sharif Chair/Independent Director

John Upperton Director
Michael Stiassny Independent Director
Victor Rabone Independent Director

Jane Bell Company Secretary

Capital Structure
Ordinary Shares at 30/6/2023 423,503,600


Share Price
Share Price at 28 /07//2023 (NZX) $0.022
Share Price at 28/07//2023 (ASX) $0.019



New Talisman Gold Mines Limited

Address 2b Gibraltar Cres, Parnell,
Auckland
Phone +64 09 303 1893
Website
www.newtalisman.co.nz
Email info@newtalisman.co.nz

Market Announcement
For Immediate Release
New Talisman Gold Mines Limited (NTL) is pleased to present a report on
activities for the quarter ended 30 June 2023.
This quarter the company made solid progress on preparations for a return
to underground operations.
During the quarter NTL progressed the following key matters.
• Completed placement of shortfall under the recent Rights Issue.
• Completed placement of Ineligible Investor rights on behalf of ineli-
gible Investors.
• Appointed Terra Firma Mining Ltd to operate Talisman Mine and to
perform all related general management responsibilities to support
the recommencement of operations at Talisman.
• Released our Annual Report to shareholders
• Commenced engagement with key stakeholders associated with the
recommencement of activities at the Talisman mine.
• Commenced appointment of key statutory roles.
• Supplied information to the Dept of Conservation for continuation of
Access Arrangements.
• Withdrew a non-conforming application submitted by previous man-
agement for extension of land area of the Talisman permit over the
neighbouring tenement and substituted this with a conforming appli-
cation with NZ Petroleum and Minerals for an exploration permit at
Rahu.

Post quarter end an application was made to the Minister of Lands and
Natural Resources in the Government of Vanuatu, for an extension of time
for Prospecting Licence PL1851. That application has been successful. The
Minister has agreed to extend the permit timeframe a further two years until
October 2025, noting that the prospecting work will bring benefits to both
the NTL Group and the Republic of Vanuatu. The extension provides
certainty for the advancement of discussions with potential partners in a
Work programme drafted for the Permit area.
During the quarter t
he Company paid $45,082 for director fees to
companies in which directors and major shareholders have a substantial
interest. The Company paid $17,500 to John Upperton in his capacity as
Strategic Delivery Manager.


Tenements
Talisman Mine – MP51326
Capella Vanuatu – PL1851

Quarterly Activities Report to 30 June 2023

2

Page | 1




Current
Quarter
$NZ



Year to Date
(3 Mths)
$NZ



Nil

(22,366)
Nil
(191,168)
Nil
12,844
(23,583)
Nil
Nil



Nil

(22,366)
Nil
(191,168)
Nil
12,844
(23,583)
Nil
Nil
(224,273) (224,273)



Nil
Nil
Nil
Nil
Nil
Nil
(3,233)
Nil
Nil



Nil
Nil
Nil
Nil
Nil
Nil
(3,233)
Nil
Nil


(3,233)

(3,233)



151,984
Nil
Nil
Nil
Nil
Nil



151,984
Nil
Nil
Nil
Nil
Nil

151,984

151,984

(75,522)
1,988,280
1,288

(75,522)
1,988,280
1,288

1,914,046

1,914,046

APPENDIX 11 (Rule10.8.4)


QUARTERLY REPORT OF CONSOLIDATED CASH
FLOWS
NEW TALISMAN GOLD MINES LIMITED
For Quarter ended 30 June 2023
(Referred to in this Quarter as the "Current Quarter")


Quarterly Report of Consolidated Cash Flows in accordance with
Listing Rule 10.8.4. These figures are based on accounts which are
*unaudited. If these figures are based on audited accounts, a
statement is required of any material qualification made by the
auditor. The Mining Issuer *has a formally constituted Audit
Committee of the Board of Directors.


1. CASH FLOWS RELATING TO OPERATING ACTIVITIES
(a) Receipts from product sales and related debtors
(b) Payments for exploration and evaluation
for development
for production
for administration
* see annexure 1

(c) Dividends received
(d) Interest and other items of a similar nature received
(e) Interest and other costs of finance paid
(f) Income taxes paid
(g) Other (provide details if material)

(h) NET OPERATING CASH FLOWS



2. CASH FLOWS RELATED TO INVESTING ACTIVITIES
(a) Cash paid for purchases of prospects
equity investments
other fixed assets
(b) Cash proceeds from sale of prospects
equity investments
other fixed assets

(c) Loans to other entities
(d) Loans repaid by other entities
(e) Other (provide details if material) - Sale of share investments


(f) NET INVESTING CASH FLOWS


3. CASH FLOWS RELATED TO FINANCING ACTIVITIES
(a) Cash proceeds from issues of shares, options, etc
(b) Proceeds from sale of forfeited shares
(c) Borrowings
(d) Repayments of borrowings
(e) Dividends paid
(f) Other (provide details if material)


(g) NET FINANCING CASH FLOWS


4. (a) *NET INCREASE (DECREASE) IN CASH HELD
(b) Cash at beginning of quarter/year to date
(c) Exchange rate adjustments to Item 4(a) above



(d) CASH AT END OF QUARTER

Page | 2


Amount Available
$NZ

Amount Used
$NZ





Current Quarter
$NZ

Follo wing Quarter
$NZ

Nil

Nil

100,000

100,000

100,000

100,000


Current Quarter
$NZ

Previous Quarter
$NZ

94,042


131,121


1,715,003

1,752,159

Nil

Nil

105,000

105,000


1,914,045



1,988,280


5. NON-C ASH FINANCING AND INVESTING ACTIVITIES

(a) Provide details of financing and investing transactions which have had a material effect on consolidated assets and
liabilities but did not involve cash flows:

Nil....................................................................................................................................................

(b) Provide details of outlays made by other entities to establish or increase their shares in projects in which the reporting
entity has an interest.

Nil..............................................................................................................................................................................

.
6. FINANCING FACILITIES AVAILABLE


Provide details of used and unused loan facilities and
credit standby arrangements, adding such notes as are
necessary for an understanding of the position.


N/A................................................................................


..........................................................................................


..........................................................................................



7. ESTIMATED OUTLAYS FOR SPECIFIED QUARTERS



(a) Exploration and evaluation



(b) Development



TOTAL




* The outlays to be shown in this column are the estimates made for this quarter in the previous quarterly report. Where
these estimates differ by more than 15% from the actual outlays reported in Item 1(b) of this report, provide an
explanation of the reason(s) for these differences as an attachment to this report – see Annexure 1.

8. RECONCILIATION OF CASH

For the purposes of this statement of cash flows, cash includes:

Petty cash, Westpac cheque & savings accounts, ANZ accounts, NAB & Macquarie accounts.


Cash at the end of the quarter as shown in the statement
of cash flows is reconciled to the related items in the
amounts as follows:


Cash on hand and at bank



Deposits at call and Term Deposits



Bank overdraft



Other (provide details) - Bond



TOTAL = CASH AT END OF QUARTER [Items
4(d)/4(b)]





*

Page | 3


Tenement
Reference

Nature of
Interest

Interest at
Beginning
of Quarter

Interest at End
of Quarter

a) N/A



b) N/A


9. CHANGES IN INTERESTS IN MINING TENEMENTS


(a) Interests in mining
tenements relinquished,
reduced and/or lapsed

(b) Interests in mining
tenements acquired
and/or increased

(c) Where changes are
reported in (a) and/or (b),
an amended list of
interests in mining
tenements is attached to
this statement.

10. ISSUED AND QUOTED SECURITIES AT END OF CURRENT QUARTER

Category of Securities Number Issued Number Quoted Paid-Up Value Cents
PREFERENCE SHARES Nil Nil
ORDINARY SHARES

423,503,600 423,503,600
SHARES
Issued during current
quarter:
8,628,451 8,628,451
CONVERTIBLE NOTES: Nil

Nil

Issued during current
quarter
Nil

Nil

OPTIONS:



Exercise Price / Expiry Date

Quoted
Nil Nil
Issued during current
quarter
Nil Nil
Expired during current
quarter
Nil Nil
Not quoted and not
transferable



Nil

Nil


Issued during current
quarter

Nil

Nil

WARRANTS:
Nil Nil
DEBENTURES – totals
only:
Nil Nil
UNSECURED NOTES –

totals only:

Nil Nil


Jane Bell (Company S ecretary)
Authorised Officer of Listed Issuer
30 June 2023

Page | 4

Annexure 1


List of interest in mining permits:

Talisman Mine – MP51326
Capella Vanuatu – PL1851