Ann: QUARTER: NTL: Quarterly activities report

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					NTL
29/01/2016 15:26
QUARTER
PRICE SENSITIVE
REL: 1526 HRS New Talisman Gold Mines Limited

QUARTER: NTL: Quarterly activities report

ANNOUNCEMENT BY NEW TALISMAN GOLD MINES LIMITED [ASX, NZX: NTL]
FOR PUBLIC RELEASE
Quarterly Activities Report to 31 December 2015
New Talisman Gold Mines Limited (NTL) is pleased to present the report on
activities for the quarter ended 31 December 2015:
HIGHLIGHTS
? Executive meeting in China
? Site Security agreed with Department of Conservation
? BPL shares provide further funds
Corporate
During the period under review the company undertook a visit to China, to the
headquarters of a major Chinese group who have entered into discussions
pertaining to the company. The group hosted directors and discussed the
possibility of co-operation with New Talisman. The meetings that took place
allowed for a greater understanding of the experience and expertise brought
by both entities. Though the discussions are at an early stage, there is an
opportunity to continue such discussions with the potential of further
co-operation in the future.
Talisman Mine Project (100% NTL), Gold and Silver
Karangahake Gorge, New Zealand
For the quarter through to December 30, New Talisman focussed primarily on
finalising the revised Traffic Management Plan (TMP). This has now been
submitted and approval is expected shortly. Approval will mean that NTL has
satisfied the conditions of the resource consent and is free to undertake
traffic movements on the road subject to the conditions stipulated in the
plan.
During the period the company sought authority from the Department of
Conservation to exclude the public and secure the site at Talisman. Plant and
equipment stored on site have been the subject of continued vandalism and
theft. DOC has confirmed that under the terms of the access agreement, they
will allow NTL secure the site and restrict any access from the public once
the TMP has been approved and the company has confirmed operations have
commenced.
Rahu Project base metals project
Karangahake Gorge, New Zealand
On 12 January 2016, some 19 months after the Company lodged its application
for an extension of land over the Rahu discovery area, the Company received
advice its application had been declined.  The Company does not accept that
the reasons advanced by the licencing authority, NZ P & M, for declining the
application are well founded. The company has taken a pragmatic and expedient
approach to the licencing authority's decision and as already advised the
company is actively pursuing other alternatives under the Heads of Agreement
signed with Newcrest.
Newcrest has also recently entered into a joint venture arrangement with
Laneway resources for all the surrounding area around Rahu and Talisman.
Broken Hill Prospecting Limited 'BPL' (14.4%) - NSW, Australia [ASX: BPL]
Thackaringa Cobalt-Pyrite Project, Heavy Mineral Sands Project, New South
Wales, Australia

During the quarter Broken Hill Minerals Pty Ltd (a 100% owned subsidiary of
BPL) progressed exploration for heavy mineral sand ('HMS') deposits in
western NSW. The Company is planning to establish a foothold in the HMS
industry where emerging technology is making significant advances in
processing and recovery of titanium (Ti) and zirconium (Zr) minerals
(ilmenite, leucoxene, rutile and zircon) from HMS deposits.

In November, BPL commissioned a Scoping Study to assess the potential
viability of open cut mining and processing operation to exploit the Copi
North HMS Deposit (Resource 11.7 million tonnes of 6.9% heavy minerals).
Completion of the Scoping Study is expected in February.

Flora, fauna and Aboriginal cultural heritage surveys of selected areas in
Copi (EL8312) and western extension (Sunshine EL8385) were completed to
provide an early indication of the ecological and cultural constraints that
may need to be considered during the design of any future mining within the
Copi North HMS deposit area.

Air-core drilling plans to test both the extension of the Copi North HMS
Deposit within the recently granted Sunshine tenement (EL8385) as well as a
high grade area in the Copi South HMS Deposit (in bv EL8312) were prepared.
The work will explore the western extent of the Copi North deposit within a
ten kilometer trend and could add considerable upside to the Copi North
project if shallow, high-grade heavy mineral sands are defined. The drill
programmes are expected to commence during the next quarter.

BPL is also progressing with exploration and evaluation of cobalt-pyrite
deposits in the Broken Hill area within two exploration tenements (EL6622 and
EL8143) and two mining leases (ML86 and ML87).

New Talisman Tenements
The interests in mining tenements held by New Talisman Gold Mines Limited
(and fully owned subsidiaries) at the end of the quarter and the related
percentage of ownership:

Permit Number Type Permit Name Location Interest

MP 51326
EP 53706

Mining
Exploration
Talisman
Parakao
Coromandel, NZ
Northland, NZ

100%
100%

Matthew Hill
CEO
New Talisman Gold Mines Limited
Direct +64 27 5557737
[email protected]

Media Enquiries contact Jillian Talbot at Reach Consulting on +64 21 493820
or at [email protected]

For more information on New Talisman Gold Mines go to www.newtalisman.co.nz

_____________________________________________________________________________
___________________
About New Talisman Gold Mines Ltd
New Talisman Gold is a dual listed (NZX & ASX: NTL) leading New Zealand
minerals development company with about 1900  shareholders who are mainly
from Australia and New Zealand.
The company's flagship asset the Talisman mine holds a JORC compliant mineral
resource, a JORC compliant reserve and has been granted resource consents and
access arrangements for the initial phase of the project. The company is
currently initiating bulk sampling at Talisman and continues to advance the
development of the mine. New Talisman's wholly owned subsidiary Coromandel
Gold Limited holds a portfolio of highly prospective mineral interests and
gold properties in the Hauraki and Northland Districts of New Zealand. New
Talisman owns 14.4% 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

Competent Persons Statement

The information in this report that relates to Exploration Results and
Mineral Resources for the Copi North HMS Deposit is based on information
reviewed by Sue Border, a Competent Person who is a Member of The
Australasian Institute of Mining and Metallurgy. Sue Border has sufficient
experience that is relevant to the style of mineralisation and type of
deposit under consideration and to the exploration activity being undertaken
to qualify as a Competent Person as defined in the 2012 Edition of the
'Australasian Code for Reporting of Exploration Results, Mineral Resources
and Ore Reserves'. Sue Border consents to the inclusion in the report of the
matters based on this information in the form and context in which it
appears. Sue Border in not an employee or a related party of the Company or
its subsidiaries. Sue Border is a Director/Principal Geologist of Geos
Mining.

The information in this report that relates to Exploration Targets,
Exploration Results, and Mineral Resources is based on information compiled
by Murray Stevens, a Competent Person who is a Member of The Australasian
Institute of Mining and Metallurgy. Mr Stevens is employed by Stevens and
Associates and is an independent consultant engaged by New Talisman Goldmines
Limited from time to time on a consulting basis. Mr Stevens has sufficient
experience that is relevant to the style of mineralisation and type of
deposit under consideration and to the activity being undertaken to qualify
as a Competent Person as defined in the 2012 Edition of the 'Australasian
Code for Reporting of Exploration Results, Mineral Resources and Ore
Reserves'. Mr Stevens consents to the inclusion in the report of the matters
based on his information in the form and context in which it appears.
Exploration activities and results contained in the Broken Hill Prospecting
Ltd section of this report are based on information compiled by Dr Ian
Pringle, a Member of the Australasian Institute of Mining and Metallurgy. Dr
Pringle is the Managing Director of Broken Hill Prospecting Ltd and also a
Director of Ian J Pringle & Associates Pty Ltd, a consultancy company in
minerals exploration. He has sufficient experience which is relevant to the
style of mineralisation and types of deposits under consideration and to the
activity which he is undertaking to qualify as a Competent Person as defined
in the Australasian Code for Reporting of Exploration Results, Mineral
Resources and Ore Reserves (the JORC Code). The Inferred Mineral Resource was
prepared and first disclosed under the JORC Code 2004. It has not been
updated since to comply with the JORC Code 2012 on the basis that the
information has not materially changed since it was last reported. The
Potential is reported under JORC Code 2012. It is conceptual in nature and
more drilling is required to further define it. However, there is no
certainty that additional work will result in an upgrade of potential to
Mineral Resource. Dr Pringle has consented to the inclusion in this report of
the matters based on his information in the form and context in which it
appears.
End CA:00277011 For:NTL    Type:QUARTER    Time:2016-01-29 15:26:41