NTL - New Talisman Mine - New board & Directors

[Dej]

If it hit 49, none of us would be complaining!

[bucko]

yeh i'd be thrilled with only a 10 bagger! if the company is expecting to start production in the first half of FY'14 then i'd expect the big movement in price to happen around september when they would release the end of quarter results

been pretty quiet on the news front for a bit now though so hopefully something gets announced before the end of the year...give us a little christmas present

[Dej]

yeh i'd be thrilled with only a 10 bagger! if the company is expecting to start production in the first half of FY'14 then i'd expect the big movement in price to happen around september when they would release the end of quarter results

been pretty quiet on the news front for a bit now though so hopefully something gets announced before the end of the year...give us a little christmas present

If they come out that they are producing early next year, I would say we would see a bit of a spike in SP then, and we would probably finally see a proper hold above 2c. But wouldnt expect much more until results are released.

If they are as good as the prefeas says, then I would say we are in for a winner!

[Minerbarejet]

Heads up - announcement.

[robbo24]

Heads up - announcement.

HEAR YE HEAR YE:

10:14am, 31 Oct 2013 | QUARTER

ANNOUNCEMENT BY NEW TALISMAN GOLD MINES LIMITED [ASX, NZSX: NTL]
FOR PUBLIC RELEASE
Quarterly Activities Report to 30th September 2013
New Talisman Gold Mines Limited (NTL) is pleased to present the quarterly report on activities for the period ended 30th September 2013.
HIGHLIGHTS
- Completion of further metallurgical testing identified ore samples up to 453g/t gold (14.6 ounces per tonne Au)
- Talisman Mine Maiden Ore reserve for start-up phase contains 28,800 ounces gold and 127,800 ounces silver
- Gap Analysis completed by Hatch Goba
- First gold recovery using non chemical methods
- Share Purchase Plan raises NZ$348,445
- Broken Hill Prospecting Limited update
CORPORATE
A share purchase plan (SPP) was initiated during the period to raise funds at a price of NZ 1 cents per share. The SPP funds are to investigate bulk sampling and trial mining methods and to fund NTL working capital. Following the reporting period the SPP raised NZ$348,445 before expenses.
TALISMAN GOLD PROJECT (100%) – Hauraki District, NZ
Metallurgical Testwork
During the period NTL continued to sample stockpiles at the Talisman mine and these samples contained high gold content ranging to 453g/t gold. NTL will continue to test representative samples of ore stockpiles from the previous Talisman workings.
Gold Recovery
Continuing metallurgical test work is investigating a suitable floatation and gravity recovery method for extracting gold from ore and stockpile samples. The company tested 146 kilograms of fine-ground ore and has produced approximately 3 ounces of gold and silver. Additional concentrates will be used for planned test work to evaluate the most effective gold recovery using a variety of methods during the bulk sampling evaluation work.
“Executive Director Matthew Hill said “the continuing metallurgical test work at Talisman is very encouraging given some of the high grades of the representative samples tested by SGS. We will continue to test further ore as we initiate bulk sampling. Coupled with this, the work carried out by our technical team on potential extraction methods has given us a greater understanding of the options for the most efficient metallurgical extraction route as we proceed toward production”.
Maiden Ore reserve
During the period the Company announced a maiden JORC (2004) compliant Ore Reserve for the Talisman Mine. Ore Reserves at the Talisman gold project, based on an average insitu cut-off grade of 1.7g/t Au, are 82,500 tonnes at 10.8 grams per tonne gold and 48.1 grams per tonne silver. Ore Reserves are derived from and contained within, not additional to, the Measured and Indicated portions of the Mineral Resource. This ore reserve estimate reflects the outcome of the Pre-Feasibility Study conducted on Phase 1 of the Talisman Mine Project, and forms a solid basis for the company to proceed with further project development.
Hatch Goba Gap Analysis completed
During the period a gap analysis on the Pre-Feasibility Study was carried out by Hatch Goba. Based on this analysis NTL are confident that the Pre-Feasibility Study conforms to the requirements of a Technical Study as defined in the joint Ore Reserves Committee Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves 2004 (the JORC (2004) Code).
SUBSIDIARY COMPANY – COROMANDEL GOLD LIMITED (100%) [Not Listed]
Golden Valley Gold Project (100%) - Hauraki District, NZ
During the period all project exploration data was reviewed to aid selection of favourable drilling targets. These are designed to test several gold and silver geochemical anomalies that overlay geophysical and geological anomalies. Target selection will be checked in the field in the December quarter.
Northland Base and Precious Metals Project (100%) - Northland region, NZ
Historical data derived from the recent literature survey is being used to design a ground exploration programme. This will include field verification for planned exploration coverage.
BROKEN HILL PROSPECTING LTD ‘BPL’ (21.7%) – NSW, AUSTRALIA [ASX/NZSX: BPL]
Broken Hill Prospecting Ltd has continued work at the Thackaringa cobalt deposit near Broken Hill, NSW, Australia. The Company has been granted a new exploration license located immediately to the south of the cobalt deposits in EL6622, ML86 and ML87.
Broken Hill Prospecting Ltd is evaluating the potential for a sulphuric acid industry using cobalt-pyrite concentrate from the Company’s deposits as a feed source. Several large, international chemical groups are assessing the business model. The cobalt-rich pyrite deposits are particularly well suited to acid production as they contain negligible deleterious metals, are very large and are well located for cost effective open-cut development.
The Annual General Meeting of Broken Hill Prospecting Limited will be held at Level 14, 52 Phillip Street Sydney Australia on Friday 15th November 2013 at 11:00 am (Sydney time).
MPOKOTO GOLD PROJECT
During the quarter Armadale Capital PLC, a listed AIM company made an offer to acquire up to 90% of the shares in Netcom. Peregrine Corporate, advisers to Armadale Capital, subsequently entered discussions with New Talisman regarding its 12.5% equity position in Netcom and its $250,000 loan. At the end of the quarter the parties were still in discussion.
Matthew Hill
Executive Director
+ 64 9 303 1893

[bucko]

wow with the Broken Hill development as well it looks like 2014 is going to be a stellar year for NTL!

[Toasty]

And the share price soars......soars....soa...Come on!

[Bobcat.]

There's really nothing that I can see in this latest announcement to trigger a bullish run. We'll need to wait until next year it would seem, which is fine for those of us patient enough to wait. I do wonder tho' if the additional $348k raised via its recent SPP will give them enough working capital to see them through to when the revenue arrives - they may need to borrow.

[Toasty]

Immaterial matey, we already knew this information. "Efficient Market" theory

I guess I was hoping. Everything else in the market seems to rocket upwards when an announcement is made even if its just to say that tea and biscuits are now being served in the lobby. I'm looking at you XRO and PEB and to a lesser extent SUM.

Mining has always traditionally been capital intensive and everything takes a lot longer to happen than the project management timeline indicates. Just happy to watch it unfold.

[hilskin]

Not sure what their 12.5% is worth but they may get some capital from this sale if it goes through?????

MPOKOTO GOLD PROJECT
During the quarter Armadale Capital PLC, a listed AIM company made an offer to acquire up to 90% of the shares in Netcom. Peregrine Corporate, advisers to Armadale Capital, subsequently entered discussions with New Talisman regarding its 12.5% equity position in Netcom and its $250,000 loan. At the end of the quarter the parties were still in discussion.