Ann: FLLYR: NTL: Preliminary Final - Full Year Re

• Release Date: 02/05/14 13:17
• Summary: FLLYR: NTL: Preliminary Final - Full Year Results
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					NTL
02/05/2014 11:17
FLLYR

REL: 1117 HRS New Talisman Gold Mines Limited

FLLYR: NTL: Preliminary Final - Full Year Results

FOR IMMEDIATE RELEASE
ANNOUNCEMENT BY NEW TALISMAN GOLD MINES LIMITED [ASX, NZSX: NTL]
Preliminary Announcement - Full Year Results

Current Reporting Period 31 March 2014 (12 months)$; Previous Reporting
Period 31 March 2013 (12 months)$;
Change %
Revenue for ordinary activities 139,295  11,791 + 1,082%
Loss from ordinary activities after tax attributable to members of the listed
issuer 756,764 914,265 -17%

No dividend attributed to this period.

Revenue during the current reporting period includes a $127,726 gain on the
sale of Armadale Capital PLC (ACP) shares acquired in exchange for New
Talisman's interest in the Mpokoto Gold project.
Tenement expenditure for the reporting period was $412,959 compared to
$648,075 in the previous reporting period.  No exploration expenditure was
written off during the current or the previous reporting period.

Operating expenditure (before share of results of associate) was in line with
the previous reporting period except for a foreign exchange loss incurred in
the conversion of Australian to New Zealand dollars following capital
raising.

At the end of the year the Company had a cash balance of $334,745.
HIGHLIGHTS OF THE YEAR
o Talisman Prefeasibility Study Supports Robust Gold Project
o Talisman Mine Access Arrangements and Resource Consents
o Talisman Mine Maiden Ore Reserve and Metallurgical Test Work
o Sale of Shares from Interest in Mpokoto Project nets 38% Return on
Investment
The company holds a 21.7% interest in Broken Hill Prospecting Limited (BHPL)
which owns the project.
.
PROJECTS
The quarterly activities report lodged with the exchanges on Wednesday 30
April provides investors with the latest update on the company's activities
on its projects.  The company will update in the Annual Report any further
activities.

Matthew Hill
Executive Director
+ 64 27 5557737

   Consolidated Statement of Comprehensive Income

 Reporting Period
31 March 2014 Previous Reporting Period 31 March 2013
   $ $
Revenue  139,295 11,791
Total revenue  139,295 11,791

 Audit fees  19,750 16,550
Depreciation  1,093 1,103
Director fees  75,000 72,022
Director remuneration  254,424 225,753
Foreign exchange loss  39,888 6,160
Share revaluation loss 21,119 7,664
Rent and leasing  14,154 14,517
Operating expenses  326,931 318,093
Total operating expenses 752,359 661,862
Loss from operations  613,064 650,071
Share of results of associate using equity method   (Broken Hill Prospecting
Ltd)
143,700
264,194
Net deficit attributable to members  756,764 914,265

Earnings per share
Basic earnings/(loss) per share (0.14) cents (0.22) cents
 Diluted earnings/(loss) per share (0.11) cents (0.15) cents

Consolidated Statement of Financial Position

Reporting Period
31 March 2014
Previous Reporting Period 31 March 2013
 $ $
Cash  334,745 325,880
Receivables and prepayments  48,100 40,103
Advances to related parties  - 156
Current assets 382,845 366,139

Property, plant & equipment  5,779 5,564
Intangible assets (prospecting expenditure) 9,283,075 8,720,090
Investments  7,770 340,007
Investment in associate using equity method 528,760 672,460
  Non-current assets 9,825,384 9,738,121

  Total assets 10,208,229 10,104,260

Payables  80,713 136,328
Employee entitlements  12,947 16,063
Current liabilities 93,660 152,391

Total liabilities  93,660 152,391

Capital

26,733,638

25,814,174
Reserves  335,341 335,341
Retained profit/(loss) (16,954,410) (16,197,646)
Total equity  10,114,569 9,951,869

Total Equity and Liabilities  10,208,229 10,104,260

Net tangible assets per security
Net tangible assets 925,154    1,384,170
Net tangible assets per security  0.17 cent 0.3 cent

Consolidated Statement of Cash Flows

Reporting Period
31 March 2014
Previous Reporting Period 31 March 2013
   $ $
Cash flows relating to operating activities
Cash inflows  11,510 12,781
Cash outflows  (726,459) (737,966)
Net operating cash flows  (714,949) (725,185)

Cash flows relating to investing activities
Cash inflows  429,002 61
Cash outflows  (606,313) (834,588)
Net investing cash flows  (177,311) (834,527)

Cash flows relating to financial activities
Cash inflows  1,014,932 1,838,226
Cash outflows  (87,691) (293,398)
Net financing cash flows  927,241 1,544,828

Net increase/(decrease) in cash held  34,981 (14,884)
Cash at beginning of period  325,880 346,921
Exchange rate gain/(loss)  (26,116) (6,157)
Cash at end of period  334,745 325,880

Consolidated Statement of Changes in Equity

Reporting Period
31 March 2014
Previous Reporting Period 31 March 2013
 $ $
Equity at start of period  9,951,869 9,321,354
Net loss  (756,764) (914,265)
Shares issued  919,464 1,544,780
Equity at end of period  10,114,569 9,951,869

Ownership in Broken Hill Prospecting Ltd
Percentage held  21.7% 21.7%
Contribution towards / (against) net loss  143,700 264,194

These annual financial statements are subject to completion of the audit.

No dividends or distributions were paid or are planned.

All statements are prepared in accordance with New Zealand equivalents to
International Financial Reporting Standards.

There are no accounting policies which the directors believe are critical to
the portrayal of New Talisman's financial condition and results which require
the directors to make judgements and estimates about matters that are
inherently uncertain.

All accounting policies have been applied on bases consistent with those used
in previous years.

About New Talisman Gold Mines Ltd

New Talisman Gold is a dual listed (NZSX & ASX: NTL) with 1800 shareholders
who are mainly from Australia and New Zealand. It is a leading New Zealand
minerals development and exploration company with a portfolio of high quality
mineral interests. Its gold properties near Paeroa in the Hauraki District of
New Zealand are a granted mining permit, including a JORC compliant mineral
resource within the original Talisman underground mine, and an adjacent
exploration permit along strike from the mine. The company is now advancing
its plans to develop the mine, and advance the exploration project.

Through a subsidiary company, New Talisman Gold owns 21.7% of Broken Hill
Prospecting Limited, which is planning to develop a cobalt project at
Thackaringa, about 25 kilometres south-west of Broken Hill in Australia. BPL
is listed on both the ASX and NZSX (Code: BPL).

More about New Talisman Gold at www.newtalisman.co.nz
End CA:00250047 For:NTL    Type:FLLYR      Time:2014-05-02 11:17:37