New Talisman Gold Mines has announced the renewal of its long-term access arrangements with the Department of Conservation for Karangahake's Talisman Mine.
The five-year term of the arrangement is a significant improvement compared to previous renewals, which were for periods of less than a year.
According to the company, the renewal is a key milestone and will provide the certainty needed to progress its operations, mine work plan and strategic plan.
However, the company noted that due to the year-long delay in getting the approval, it will now have to raise extra money before executing its strategic plan.
The company expects to open its capital raise in July.
