Talisman/Puketui Update:

We were very happy to hear that New Talisman, the Australian miner that has permits to mine DOC land at Mt Karanagahake has terminated the agreement they had to purchase the ‘Broken Hills’ hobby mine at Puketui, near Hikuai.

The company has had all sorts of internal woes, with their CE getting pushed out by shareholders, mass board resignations and a continuing failure to actualise their plans for mining (thank goodness!). The very idea that the Department of Conservation has continued to give this dodgy outfit access to DOC land to mine (or undermine) for gold, an inherently destructive and dirty industry, is deeply shocking.

Still, at least they have backed off the Hikuai Schedule 4 mine!

We will continue to monitor their activity at Karanagahake.