NTL previously announced it had moved approximately 50 tonnes of ore stockpiled on the Talisman mine pad to an external storage facility.

NTL is pleased to announce today that it has removed a further 22 tonnes of ore that remained on the Talisman mine pad to a crushing facility nearby the mine. This ore was crushed and sampled and then moved in bins to a secure storage facility.

NTL is also pleased to announce today that the 50 tonnes of ore previously removed from the pad were recently relocated to a crushing facility for crushing and sampling. Previous spot samples of this ore showed overage grades greater than an ounce per ton.

The crushing process allows for an homogenous sample representative of the entire batch to be taken for detailed analysis of the gold and silver content. The results of the analytical testing are expected to be released in the next week.

This ore is now ready for processing following sampling by both parties at our potential toll treatment partner’s facility.

Attached to this release are pictures of the ore being removed from the pad and the crushing process.

Executive Director Matthew Hill noted “The board is delighted with progress on removing and crushing the stockpiled ore in preparation for pilot testing with our potential toll treatment partners. Once sampling is complete we will be in a position to ascertain the value of the first ore off Talisman in decades and we hope to be in a position to finalise toll treatment arrangements in the coming weeks once sampling is complete.”

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Rahu resource declared and application lodgedNew Talisman Gold Mines today announces that it has filed an application for an Extension of Land (EOL) to incorporate the Rahu exploration permit into the Talisman mining permit (MP51326) following a resource being declared over Rahu. NTL have worked diligently with an independent geologist and believe that the criteria set out in the minerals program in order to apply for an EOL have been met.
Key to these criteria is the declaration of an indicated resource. An independent report filed with the application declares an inferred and indicated resource of 2,394,573 tonnes at 0.54g/t gold for 41,591oz gold using a cutoff grade of 0.3g/t and 258,419oz Ag. This has been based around the extensive work conducted by NTL over the period it has held the Rahu exploration permit. The Company has applied for the EOL as a contiguous piece of land to the Talisman MP. This required successfully obtaining consent to overlap a small piece of land held by another mining company. The resources are tabulated below.

Full release including resource table and Refer Appendix 1 :Jorc Code, 2012 edition – Table 1 is attached.