29 November 2017
FOR IMMEDIATE RELEASE TO THE MARKET
HALF YEAR PRELIMINARY RESULTS TO 30 SEPTEMBER 2017 (NZX, ASX: NTL)
Consolidated Statement of Comprehensive Income 6 months to 30 Sept 2017
6 months to 30 Sept 2016
Revenue 75,076 8,423
Total revenue 75,076 8,423
Audit fees 15,083 25,530
Capital Loss on Disposal of Shares 0 284,361
Depreciation 8,838 827
Director Fees 85,000 52,009
Director and Related Party Remuneration 84,600 75,360
Foreign Exchange (Gain)/Loss 314 21,548
Loss on revaluation of shares (reversal) 1,496 (385,693)
Rent and leasing 10,551 10,612
Other operating expenses 430,526 316,153
Total operating and administrative expenses 636,408 400,707
Loss from operations 561,332 392,284
Net deficit attributable to members 561,332 392,284
Earnings per share
Basic earnings/(loss) per share (0.027) cents (0.029) cents
Diluted earnings/(Loss) per share (0.026) cents (0.027) cents
Consolidated Statement of Financial Position 6 months to 30 Sept 2017
6 months to 30 Sept 2016
Restated
Current Assets
Cash at bank 4,370,016 6,460,024
Receivables and prepayments 208,625 83,780
Non-current assets
Property, Plant & Equipment 77,442 11,867
Intangible assets (prospecting expenditure) 15,637 1,162
Assets under construction 8,607,398 7,525,706
Investments 16,042 14,505
Total Assets 13,295,160 14,097,044
Current Liabilities
Payables 222,096 148,696
Other Current Liabilities 73,153 79,275
Total liabilities 295,249 227,971
Equity
Capital 35,166,188 35,164,939
Reserves 335,341 335,341
Retained profit/(loss) (22,501,618) (21,631,207)
Total Equity 12,999,911 13,869,073
Total Equity and Liabilities 13,295,160 14,097,044
Consolidated Statement of Cash Flows
6 months to 30 Sept 2017
6 months to 30 Sept 2016
Cash flows relating to operating activities
Cash inflows 1,547 7,913
Cash outflows (562,583) (464,967)
Net operating cash flows (561,036) (457,054)
Cash flows relating to investing activities
Cash inflows - 293,684
Cash outflows (824,282) (234,225)
Net investing cash flows (824,282) 59,459
Cash flows relating to financing activities
Cash inflows 1,250 6,422,986
Cash outflows - -
Net financing cash flows 1,250 6,422,986
Cash at beginning of period 5,754,398 456,181
Exchange rate gain/(loss) (314) (21,548)
Net increase/(decrease) in cash held (1,384,068) 6,025,391
Cash at end of period 4,370,016 6,460,024
Consolidated Statement of Changes in Equity 6 months to 30 Sept 2017
6 months to 30 Sept 2016
company
Equity at start of period 13,559,993 7,888,345
Net profit/(loss) (561,332) (392,284)
Shares issued 1,250 6,373,013
Equity at end of period 12,999,911 13,869,073
Shares on Issue
At 30 September 2017 the following shares are on issue
Listed Shares 2,157,271,250 2,076,995,855
Listed Options 134,321,508 119,851,516
Unlisted Options 4,250,000 5,750,000
Events Subsequent to Balance Date
The company receipted approximately $1.9million in October 2017 through a
successful SPP offer which will be used to further the development of the
Talisman Mine.
Dividend
No dividends or distributions were paid or are planned.
Net Tangible Assets per Security 6 months to 30 Sept 2017 6
months to 30 Sept 2016
Net tangible assets 12,984,274 13,867,911
Net tangible assets per security 0.62 cents 1.03 cents
Audit
The half yearly financial statements are unaudited. The auditors have
completed a review engagement and will be issuing an unqualified review
report.
International Financial Reporting Standards
These interim financial statements are condensed in accordance with NZ-IAS-34
Interim Financial Reporting. 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 2017.
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
2017. Those policies are set out in the annual report for the year ended 31
March 2017. There have been no changes to those accounting policies.
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About New Talisman Gold Mines Ltd
New Talisman Gold is a dual listed (NZX & ASX: NTL) leading New Zealand
minerals development company with over 1900 shareholders a majority of whom
are from Australia and New Zealand.
The Company''s flagship asset the Talisman mine holds a JORC compliant mineral
resource, a JORC compliant reserve and has been granted resource consents and
access arrangements for the initial phase of the project. The company is
currently initiating bulk sampling at Talisman and continues to advance the
development of the mine. New Talisman''s wholly owned subsidiary Coromandel
Gold Limited holds a portfolio of highly prospective mineral interests and
gold properties in the Hauraki District of New Zealand.
More about New Talisman Gold at www.newtalisman.co.nz
End CA:00311195 For:NTL Type:HALFYR Time:2017-11-30 09:10:36