New Talisman Gold Mines

What New Talisman Gold Mines does

New Talisman Gold Mines Limited (NZX: NTL, formerly Heritage Gold NZ Limited, founded 2009) is a New Zealand-domiciled junior gold mining and exploration company headquartered in Auckland with a principal office in West Perth, Australia. The company is dual-listed primarily on the NZX (with a proposed voluntary delisting from the ASX announced in November 2024) and holds 100% of the Talisman Gold Mine project and adjacent Rahu exploration permit in the Hauraki Gold Field, plus the Golden Valley and Northland base and precious metals projects. It also holds a 21.7% strategic stake in ASX/NZSX-listed Broken Hill Prospecting Limited, which holds a cobaltiferous pyrite project at Thackaringa, Australia. The company has approximately 1,800 shareholders predominantly based in Australia and New Zealand, and operates with a small team of 1–10 employees under Executive Director Matthew Hill and Chairman J. Murray McKee.

The company's core asset is the Talisman mine, which holds JORC-compliant Mineral Resources of 204,760 oz gold and 798,840 oz silver, and Ore Reserves of 28,800 oz gold and 127,800 oz silver at grades up to 10.8g/t gold and 48.1g/t silver (with recent SGS-tested samples reaching 453g/t gold). Technology centres on a 100 tonnes-per-day capacity gravity separation processing plant delivered in January 2025, with testing commenced April 2025 in preparation for bulk sampling from the Talisman Mystery vein North. Recovery relies on non-chemical gravity concentration and flotation methods rather than cyanide or chemical leaching, supporting the company's environmental sustainability positioning and reducing reagent cost exposure.

Commercially, the company is in a pre-revenue development phase transitioning to first production. Revenue is intended to come from sale of recovered gold and silver on commodity markets, supplemented by potential toll treatment arrangements with third-party processing facilities. Capital to date has been sourced through a series of rights issues, private placements, share purchase plans, and a convertible note (including 2013 A$1.5M and A$543K rounds, a 2014 NZ$634K rights issue, a 2015 NZ$899K raise, a 2016 NZ$4.7M raise, a 2024 rights offer, and 2025 private placements plus convertible note). The Scoping Study Review indicates a project NPV potential greater than A$150 million, providing a long-term economic anchor if bulk sampling validates the resource and supports progression to full-scale mining.

Name

New Talisman Gold Mines

Legal name

New Talisman Gold Mines Limited

Website

https://newtalismangoldmines.co.nz

Company type

Public

Founded year

2009

Operating status

Operating

Headcount range

1–10 employees

Short description

New Talisman Gold Mines is an NZX-listed junior gold mining developer (NZ: NTL) advancing the Talisman Gold Mine in New Zealand's Hauraki Gold Field, with a 100T/day processing plant and bulk sampling program now commencing.

Ownership category

akta.pro rank

Product category

Gold Mining

NAICS

Gold Ore and Silver Ore Mining (212220), Metal Ore Mining (2122)

SIC

Gold And Silver Ores (1040), Metal Mining (1000)

akta.pro primary industry

Gold Mining (IMAKAEAA)

akta.pro secondary industries

Silver Mining (IMAKAEAB), Precious Metals Exploration & Project Development (IMAKAEAI), Precious Metals Ore Processing & Beneficiation (IMAKAEAD)

Keywords

• Gold mining operations
• Mineral exploration services
• Bulk sampling services
• Gravity separation processing
• Precious metals extraction

Headquarters

HQ city

Auckland

HQ country

New Zealand

HQ region

Oceania

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Infrastructure, Personnel, Technology or R&D

Revenue model

1. Gold and Silver Production: The company is developing gold mining operations at the Talisman mine. Bulk Sampling will generate revenue through the sale of extracted gold and silver. The company has completed metallurgical test work showing recovery of physical gold and silver from ore samples.
2. Ore Processing/Toll Treatment: Discussions with local treatment facilities for toll processing of Talisman ore. The company is evaluating potential toll treatment agreements to process ore once mining commences.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

New Talisman Gold Mines is a New Zealand gold mining and exploration company that holds a mining permit and exploration permit over the Talisman Gold Mine project in the Hauraki Gold Field. The company is developing bulk sampling operations from the Mystery vein North using a 100T per day gravity separation processing plant, with non-chemical extraction methods to recover gold and silver for sale to commodity markets. The portfolio also includes the Rahu exploration project and additional Northland and Hauraki District gold properties.

Product overview

New Talisman Gold Mines is a gold mining and exploration company with a portfolio of mining and exploration assets in New Zealand. The company's core product is the Talisman Gold Mine Project in the Hauraki Gold Field, which includes the gravity separation processing plant (100T per day capacity), bulk sampling operations from the Mystery vein North, and the associated exploration program. The company also holds the Rahu exploration project. All operations are focused on responsible, environmentally sustainable mineral exploration and profitable development.

Differentiator

Problem solved

Functional benefit

Products and services

• Talisman Gold Mine Project The company's flagship gold mining operation located in the Hauraki Gold Field, New Zealand. Holds mining permit and exploration permit with completed permitting for bulk sampling and resource consent. Includes JORC compliant mineral resources of 204,760 oz gold and 798,840 oz silver, plus ore reserves of 28,800 oz gold and 127,800 oz silver.
• Gravity Separation Processing Plant 100T per day capacity gravity separation processing plant delivered in January 2025 for processing ore from the Talisman Mine. Uses non-chemical gravity concentration and flotation extraction methods to recover gold and silver without chemical processing.
• Bulk Sampling Operations Bulk sampling from Talisman's Mystery vein North, aimed at providing data to potentially add to the existing JORC Resource of the project, creating another means of underground egress and generating revenue through gold and silver sales.
• Rahu Project Exploration permit area adjacent to Talisman in the Hauraki Gold Field, part of the company's strategy for future growth and expansion of the Talisman Project.

Quantifiable outcome

• 28,800 oz gold ore reserve established
• +2 more outcomes

Named customers1 record

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

One partnership is on record.

• Hatch GobaminorImplementation/ SI/ Consulting Partner · 1 January 2013Hatch Goba conducted a gap analysis on the Pre-Feasibility Study for the Talisman Mine project. Hatch is an employee-owned, multidisciplinary professional services firm serving the Mining, Metallurgical, Energy, and Infrastructure sectors with over 80 years of experience.

Scale indicators8 records

Recent moves8 records

Expansion highlights4 records

Direct peers

• OceanaGold Corporation: ASX/TSX-listed gold producer operating in New Zealand (Waihi and Macraes) and elsewhere. Most direct comparable for NTL given shared jurisdiction, similar Hauraki/Otago geology, and gold-focused production model.
• Ramelius Resources: ASX-listed mid-tier Australian gold producer with multiple operating mines. Comparable mid-cap gold developer/producer profile to NTL's intended transition once bulk sampling converts to commercial production.
• Silver Lake Resources: ASX-listed Australian gold producer focused on Mount Monger and Deflector. Comparable mid-tier developer-to-producer trajectory in the Australasian gold sector that NTL is targeting.
• Capricorn Metals: ASX-listed gold developer/producer with Karlawinda and Mt Gibson. Comparable profile as a junior-to-mid gold producer that scaled from development into production, similar trajectory to NTL's planned path.
• Mandalay Resources: TSX-listed gold and antimony producer operating smaller-scale mines. Comparable size and operating model to NTL's intended bulk sampling / small-scale gold production footprint.

Broad incumbents

• Evolution Mining: ASX-listed Australian gold producer with multiple operating assets. A larger, established operator in the same Australasian gold sector where NTL is seeking to scale into commercial production.
• Newmont Corporation: World's largest gold miner with Australian operations (including the former Newcrest assets). Relevant broad incumbent benchmark for valuation and peer capital-cost comparison in the Australasian gold sector.
• Barrick Gold: Global gold leader with diversified operations including Australasia. Sets the broader competitive and pricing benchmark that NTL's gold output will be valued against once production begins.
• Resolute Mining: ASX-listed mid-tier gold producer with African and Australian assets. Comparable producer-scale benchmark and operating-cost reference point relevant to NTL's long-term development thesis.

Emerging players

• De Grey Mining: ASX-listed gold developer with the Hemi project in the Pilbara. Comparable junior developer stage and gold-focused exploration/production pipeline relevant to NTL's development trajectory.

Market position

Strengths1 record

Weaknesses1 record

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries2 records

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about New Talisman Gold Mines