New Talisman secures gold offtake, appoints new director

New Talisman Gold Mines Limited has entered into a Business Confirmation for the offtake of gold concentrate with Ocean Partners UK Limited, a globally recognized metals trading firm. The six-month agreement commits Ocean Partners to purchase 100% of New Talisman's gold concentrate production. Payment terms include a provisional 90% of estimated value upon provisional invoice, with final settlement adjusted based on assay results for 96.5% of the gold price and 90% of the silver price. The buyer will take possession at the Port of Auckland.

Following the initial announcement, a trading halt was applied to New Talisman shares to discuss the agreement. The halt was lifted after New Talisman provided a clarifying announcement detailing the terms.

Further strengthening its operations, New Talisman announced the appointment of Terry Moynihan as an independent director, effective November 3, 2025. Moynihan brings over three decades of mining industry experience, including senior roles at Bathurst Resources and Core Mining Consultants Ltd, with expertise in mine management, project development, and technical leadership across New Zealand, Australia, and Papua New Guinea.