Friday, 29 March 2024

Announcement

MKTUPDTE: NTL: Response to ASX price query

09 Aug 2017 12:16NZX
9 August 2017

Ms Dawn James
Advisor Listing Compliance
ASX Compliance Ltd
20 Bridge Street
Sydney
New South Wales 2000
Australia

Dear Dawn
New Talisman Gold Mines Limited ASX Code NTL NZX Code NTL
We acknowledge receipt of your letter dated August 8, 2017.
We confirm NTL is not aware of any information concerning the increase in our
share price that has not been announced to the market which, if known by some
in the market, could explain the recent trading in its securities.
We believe the increase in share price is in response to a significant number
of major deliveries from our project from 2nd June to date, both at the mine
site, which is the first time the company has established the site in the
last decade, as well as a major series of resource upgrades resulting in a
major upgrade to its resource models both in grade and quantity.
These announcements are summarised as follows:-
2nd June - Mine Operations commence at Talisman
http://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId
=01862788

New Talisman today has approved the direct expenditure of 2.2M NZD budget for
its mine related activities.

9th June - Talisman Site established
http://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId
=01864570
The activities as outlined previously (2nd June) are updated as follows:-

HIGHLIGHTS
o Site establishment and security - Complete
o Installation of ventilation management systems -Design and
construction underway
o Installation of water storage facilities - Design and construction
underway
o Installation of compressed air supply - Design and assessment in
progress
o Installation of Generator - Completed
o Upgrades of water pond - Near completion
o Mobilisation of bogger and digger to mine - Complete
o Refurbishment of level 8 from portal through to Mystery vein location
- Commencing when surface works complete

4th July 2017 - Annual report
http://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId
=01871206
HIGHLIGHTS
o Completed a very successful capital raising of NZ$6.5m
o Renewal the Department of Conservation access agreement and consent
to enter and operate
o Secured a binding agreement on Rahu with Newcrest Mining Limited for
which first quarter activities by Newcrest were reported
o Talisman Deeps project established and resource modelling near
completion
o New Audit firm appointed - KS Black
o Appointed 2 new directors and Chairman
o Certificate of compliance issued which allows establishment of site
facilities and underground activities at Talisman Mine.
o Continued development of the Talisman Deeps project with data
providing evidence to significantly increase gold resources and mine
potential.
o Operations at Talisman have begun with site establishment complete
and underground refurbishments commenced.

12th July 2017 - GOLD GRADES AND RESOURCES DOUBLE AT DUBBO DEEPS
http://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId
=01873466

HIGHLIGHTS
o Total JORC 2012 resources in Dubbo alone doubles to 312,800oz gold
equivalent at 21.98g/t;
o Updated resource estimate place Talisman among the highest grade
underground gold mines globally;
o Updated Pre-feasibility study the next step in the development of
Talisman Deeps;
o Resource upgrades of remaining Talisman Deeps modules by 31 July;
o Development work underground has commenced;
o  Acceleration and/or expansion of exploration & extraction programmes
to be considered;
o NTL Fully funded to 2020 under current prospecting and bulk sampling
plans.

21st July 2017 -Talisman Advances Underground
http://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId
=01875994
HIGHLIGHTS
o Underground work has commenced and is 270 Metres into the mine
o Communications from Site office to underground workers installed
o Revision of mine plan targeting areas such as Dubbo to increase grade

o Samples currently being collected for assay at SGS
o Ventilation Lock framework has commenced at portal entrance
o Next Module for Talisman Resource Upgrades due to be released
o Significant International and local interest following Deeps upgrade
25TH JULY - WOODSTOCK RESOURCE UPGRADE
http://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId
=01876673
HIGHLIGHTS
o Woodstock resources increase by 25%
o Woodstock Grades Increase by 70%
o Bonanza/Talisman resources Modules near completion.
o Progress Underground passes 300M

31st July 2017 - Quarterly activities and cashflow reports - Which summarised
the significant progress of the quarter
http://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId
=01878879
We confirm that NTL is in compliance with the Listing Rules and, in
particular, Listing Rule 3.1.
Our responses to the questions you have posed have been authorised and
approved in accordance with NTL''s published continuous disclosure and an
officer of NTL with delegated authority from the board to respond to ASX on
disclosure matters.

Yours sincerely

Matthew Hill
Director & CEO
New Talisman Gold Mining Ltd
matt@newtalisman.co.nz
End CA:00305255 For:NTL    Type:MKTUPDTE   Time:2017-08-09 12:16:57
Views: 123
New Talisman Gold Mines Limited
 0.0160 Change:
0.00
0.00%
 
Open:0.0160 
High:0.0160 
Low:0.0160 
Volume:0 
Last Traded:07/02/18 09:10:04 
Bid:0.0150 
Ask:0.0170 
52-Wk High:0.0300 
52-Wk Low:0.0040