New Talisman Gold Mines (NTL) investor relations material

Executive summary

• Advanced geological modelling confirmed structural continuity across the Welcome-Crown vein system, enhancing confidence in the project's geology.

• Several unmined and undeveloped blocks identified in the Crown vein, presenting new exploration and resource growth opportunities.

• Integration of historical and modern datasets into a comprehensive 3D geological model supports future resource evaluation and drill targeting.

• Board strategic review underway post-capital raise, focusing on succession planning, cost discipline, and technical capability.

• Director Michael Stiassny retired effective 30 April 2026 after significant contributions during a period of change.

Financial highlights

• Net operating cash outflow for the quarter was NZ$427,802.

• Net investing cash outflow was NZ$52,434, primarily related to a Department of Conservation bond.

• Cash at end of quarter was NZ$871,392, down from NZ$1,351,627 at the start of the quarter.

• Director fees paid or accrued during the quarter totaled NZ$38,333.

Outlook and guidance

• Continued advancement of geological and structural models, with further drill spacing and resource classification analyses planned.

• Ongoing validation and incorporation of historical datasets and advancement of exploration targets toward future drilling.

• Board remains encouraged by technical progress and long-term exploration potential.