New Talisman Gold Mines (NTL) investor relations material

Executive summary

• Achieved key milestones: established processing facility, produced first gold concentrate, and secured offtake agreements for gold and silver concentrate and lower-grade material.

• Initial production levels were insufficient for positive cash flow, prompting a strategic review and a shift to integrated exploration and mine development.

• Raised $1.3 million via rights offer and additional funds through placements to support geological modelling and early-stage strategic plan execution.

• Board and management changes enhanced technical and operational mining capabilities, with a focus on cost discipline.

Financial highlights

• Operating income for FY26 was NZ$52,790, up from NZ$23,752 in FY25, primarily from gold/silver concentrate sales.

• Net loss for FY26 was NZ$2,256,601, compared to a net profit of NZ$4,042,774 in FY25, reflecting higher operating and administrative expenses.

• Basic and diluted EPS from continuing operations was (0.0028) in FY26, down from 0.0063 in FY25.

• Cash and cash equivalents increased to NZ$1,176,627 at year-end, up from NZ$640,395 in the prior year.

• Share capital increased to NZ$48,550,505 following new share issues and conversion of convertible notes.

Outlook and guidance

• Near-term focus on geological modelling, targeted drilling, and rehabilitation to enable more informed and efficient mine development.

• Additional capital will be required to fully implement the strategic plan and support long-term production growth.

• Management forecasts sufficient cash for the next 12 months, but material uncertainty remains regarding production targets, gold prices, and capital raising.