NTL
22/01/2016 12:45
MINE
PRICE SENSITIVE
REL: 1245 HRS New Talisman Gold Mines Limited
MINE: NTL: Rahu Update
22nd January 2016
FOR IMMEDIATE RELEASE
RAHU UPDATE
New Talisman announced today that pursuant to the Heads of Agreement with
Newcrest Mining Limited dated 19th May 2015, the parties are working together
on options available to them following receipt by New Talisman of advice on
12 January 2016 that its application for an extension of land over Rahu had
been declined by New Zealand Petroleum and Minerals.
Matthew Hill said that "New Talisman is excited by the prospect of working
with a major international gold producer on the discovery that New Talisman
made at Rahu. We continue to progress the options open to us in the spirit of
the Heads of Agreement and will update the market in due course."
Matthew Hill
CEO
New Talisman Gold Mines Limited
[email protected]
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.
New Talisman is a substantial holder of Broken Hill Prospecting Limited,
which holds a significant cobalt project at Thackaringa, about 25 kilometres
south-west of Broken Hill in Australia and a heavy mineral sands exploration
portfolio. BPL is listed on the ASX (Code: BPL).
More about New Talisman Gold at www.newtalisman.co.nz
End CA:00276725 For:NTL Type:MINE Time:2016-01-22 12:45:03
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