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29 November 2021 FOR IMMEDIATE RELEASE TO THE MARKET HALF YEAR PRELIMINARY RESULTS TO 30 SEPTEMBER 2021 ( NZX , ASX : NTL ) Consolidated Statement of Comprehensive Income 6 months to 30 Sept 2021 6 months to 30 Sept 2020 Revenue Total revenue 662 2,186 662 2,186 Audit fees 15,891 16,914 Capital Loss on Disposal of Shares Depreciation 27,346 15,951 Director Fees 44,252 49,333 Director and Related Party Remuneration 21,060 18,720 Foreign Exchange ( Gain ) / Loss 2,399 ( 12,300 ) Impairment of Prospecting Costs ( Gain ) Loss on revaluation of shares ( 8,706 ) ( 4,545 ) Rent and leasing 2,395 10,232 Other operating expenses 421,087 309,082 Total operating and administrative expenses 534,430 407,932 Loss from operations 525,062 401,201 Net deficit attributable to members 525,062 401,201 Earnings per share Basic earnings / ( loss ) per share ( 0.017 ) cents Diluted earnings / ( loss ) per share ( 0.017 ) cents ( 0.014 ) cents ( 0.014 ) cents Consolidated Statement of Financial Position 6 months to 30 Sept 2021 6 months to 30 Sept 2020 Current Assets Cash at bank 955,853 1,869,706 Receivables and prepayments 105,408 144,283 Inventories 314,275 Non - current assets Property , Plant & Equipment 178,632 207,122 Intangible assets ( prospecting expenditure ) 119,329 11,637 Assets under construction 13,625,922 13,428,865 Investments Right of use assets 542,429 52,438 10,127 Total Assets 15,894,284 15,671,740 Current Liabilities Payables 150,347 100,814 Other Current Liabilities 33,794 32,215 Non - current liabilities Short term lease liabilities Long term lease liabilities 24,751 28,775 Total liabilities 237,667 133,029 Equity Capital 39,264,145 38,216,371 Reserves Retained profit / ( loss ) ( 23,607,528 ) ( 22,677,660 ) Total Equity 15,656,617 15,538,711 Total Equity and Liabilities 15,894,284 15,671,740