New Talisman Gold Mines secures processing plant for Talisman Mine

New Talisman Gold Mines Limited (ASX: $NTL) has secured terms for a processing plant to be used for processing ore from Talisman Mine. The company has paid a refundable 10% deposit to the vendor to hold the agreement for 60 days. The purchase is conditional upon NTL conducting a successful Capital Raise and a physical inspection of the plant by an NTL representative. The plant, which operates using modular gravity separation, has a 100 tonnes per day processing capacity, sufficient for the near-term production forecast.

Executive Commentary on Securing Processing Plant

NTL is pleased to have secured the terms for a processing plant, a crucial element in delivering our Strategic Plan. This agreement marks significant progress for the company as we continue to advance towards our production goals. We are also in early discussions with refiners interested in producing dore bars from the high grade concentrate the plant will produce. We now await the final decision from the Department of Conservation on NTL's Access arrangements to Talisman mine, which is the last key element needed to move forward.

Summary of New Talisman Gold Mines' Announcement

New Talisman Gold Mines (ASX: $NTL) has successfully secured terms for a processing plant to be used for processing ore from Talisman Mine. The company has paid a refundable 10% deposit to the vendor to hold the agreement for 60 days, with the purchase conditional upon a successful Capital Raise and a physical inspection of the plant. The plant, with a 100 tonnes per day processing capacity, operates using modular gravity separation and is intended to be located at the processing site prepared by Terra Firma. NTL is also in discussions with refiners interested in producing dore bars from the high grade concentrate the plant will produce. The company now awaits the final decision from the Department of Conservation on NTL's Access arrangements to Talisman mine, a crucial step in realizing its Strategic Plan.