New Talisman Gold Mines progresses towards production, reports exploration updates

At its Annual Shareholders Meeting on September 17, 2025, New Talisman Gold Mines confirmed it secured a five-year Access Arrangement and Authority to Enter and Operate at the Talisman Mine. The company has successfully acquired, shipped, and installed a modular gravity separation plant with a 100 tonnes per day processing capacity, and is now utilizing a second processing phase to refine concentrate. Strategic agreements with Terra Firma Mining Ltd for premises and ore processing are also in place, with John Upperton appointed general manager to spearhead production.

Financially, New Talisman successfully completed a Rights Issue, raising $2.41 million for plant purchase, installation, and working capital, supplemented by private placements totaling $1.127 million. The company also delisted from the ASX to streamline operations, reduce compliance costs, and facilitate small shareholder disposals of unmarketable parcels. A bulk consignment of concentrate assayed at 1100g gold per tonne has been sent to a refiner.

In exploration, the wholly-owned subsidiary Rahu Resources Pty Ltd was granted a five-year Minerals Exploration Permit for 387 hectares adjacent to the Talisman Mine. However, the board decided to relinquish its Vanuatu prospecting license PL1851 after failing to secure a joint venture partner, with the project remaining fully impaired in the accounts. Samantha Sharif was re-elected as director, and Baker Tilly Staples Rodway was appointed as auditor.