New Talisman Gold Mines Limited is engaged in mine development and mineral exploration. The Company's projects include Talisman Mine Project and Rahu. The Talisman mine includes the Maria, Crown/Welcome and Mystery veins. In the Karangahake area, the Company also holds the Rahu permit, which is the northern extension of the Talisman vein system. The Company is engaged in initiating bulk sampling at Talisman and advancing the development of the mine. The Company's subsidiary, Coromandel Gold Limited, holds a portfolio of mineral interests and gold properties in the Hauraki and Northland Districts of New Zealand. Through a subsidiary company, the Company owns Broken Hill Prospecting Limited, which holds a cobalt project at Thackaringa, approximately 20 kilometers south-west of Broken Hill in Australia and a heavy mineral sands exploration portfolio. Its subsidiary also includes Northland Minerals Limited.