Join our daily newsletter At The Bell to receive exclusive market insights
- Talga Group (TLG) receives further assays from drilling at the Vittangi graphite project which includes individual assays of up to 50.1 per cent graphite
- The company completed a 56-hole drilling effort at the Swedish project to test multiple zones of natural graphite which is the key to TLG’s lithium-ion battery product
- Results include 52 metres at 29 per cent graphite, 19 metres at 40 per cent graphite and 51 metres at 28.7 per cent graphite
- Talga Group says the remaining results will be received over the course of this month
- Company shares ended Tuesday’s session 3.42 per cent in the green at $1.51
Talga Group (TLG) has received assays from drilling at its Vittangi graphite project in northern Sweden.
The 56-hole drilling program was completed last year and was designed to test multiple zones of natural graphite at Vittangi which is Talga’s most advanced source of raw material for its low emission lithium-ion battery anode product.
The latest batch of results accounts for 14 holes that have successfully intersected targeted graphite units and returned ‘significant to spectacular’ grades with individual assays reaching 50.1 per cent graphite from hole NUS21015.
NUS21015 returned 51 metres at 28.7 per cent graphite from 175 metres, including 24 metres at 35.8 per cent graphite.
Additional results include 52 metres at 29 per cent graphite from 128 metres including 19 metres at 40 per cent graphite, and 70 metres at 23.7 per cent graphite from 58 metres including 23 metres at 33.2 per cent graphite.
Talga Group expects to receive results from the remaining 23 holes over the course of this month, including those from the newly identified Nunasvaara East deposit.
The results will be used to revise reserves and resources, and optimise mine and expansion plans in line with the growing demand for lithium-ion battery anodes.
Company shares ended Tuesday’s session 3.42 per cent in the green at $1.51.
