New Talisman Gold Mines reports first gold concentrate, raises capital

New Talisman Gold Mines Limited (NTL) has announced progress in its processing plant commissioning during the quarter ended September 30, 2025. Key highlights include the production of the first concentrate and a private placement that raised NZ$1,127,313 in working capital by issuing 29,666,137 ordinary shares. The company dispatched its first bulk consignment of concentrate in August, assayed at 1,100g gold per tonne, with further testing yielding a concentrate of 5500g/t.

The Department of Conservation renewed NTL's annual Authority to Enter and Operate for the Talisman Mine, and WorkSafe conducted a site visit, indicating positive regulatory engagement. Share price as of October 13, 2025, was NZ$0.061.

At the annual meeting on September 17, 2025, Ms Samantha Sharif was reappointed as a director, and Baker Tilly Staples Rodway was appointed as the company's auditor. Director fees totaling NZ$45,000 were paid, and NZ$41,000 was paid to general manager John Upperton, who plans to step back from his roles.