It would appear that NTL has a TMP if this article from NZResources is correct.
NTL talks with Amer continue
The September quarter report for New Talisman Gold Mines Ltd (NZX & ASX: NTL) showed there was still to be a resolution of potential joint venture or acquisition talks with Chinese company Amer.
NTL said the two companies were working through several issues which have changed following New Talisman achieving a significant capital raising, including gaining a shortfall income of $1.77 million.
“NTL is working closely with Amer towards a commercial outcome which the company aims to be well advanced in the coming quarter,” the report said.
For the major project, the re-development of the historic Talisman gold mine at Karangahake, NTL said preparations have been made for ramping up a bulk sampling programme, following the Hauraki District Council’s approval of road management and construction matters.
Design of a ventilation airlock for the No 8 level portal has been completed and costing was taking place.
A pre-feasibility study was underway and to be incorporated in this was a study on the Talisman Deeps project. Preliminary results suggested there were sizeable blocks of unmined ground between the 10 and 16 levels in sections of the Maria Vein which the company said were referred to as “the Talisman and Bonanza shoots.”
The other project area at Karangahake was Rahu which is held 80% by Newcrest Mining Ltd (ASX: NCM) with 20% held in trust by that Australian gold major in trust on behalf of NTL.
Source: NZ Resources
It would appear that NTL has a TMP if this article from...
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