- Talga Group (TLG) shares the final results from its successful 2021 drill program at the Vittangi Graphite Project in Sweden, reporting “significant” graphite grades
- The drill program targeted the optimisation of existing mine developments, upgrading of resources, and conversion of exploration targets
- Assay results returned significant grades of graphite consistent with those previously reported
- A revision of Talga’s Vittangi graphite resources is underway to support and optimise future expansion plans
- Talga Group last traded at $1.38 per share before the market opened on March 3
Talga Group (TLG) shares the final results from its successful 2021 drill program at the Vittangi Graphite Project in Sweden, reporting “significant” graphite grades.
The 2021 drill program at Vittangi targeted the optimisation of existing mine developments, upgrading of resources, and conversion of exploration targets to support its customer-driven expansion plans.
Talga is building a vertically integrated operation to supply green natural graphite anode products to lithium-ion battery manufacturers and automotive OEM customers. The anode products are being trialled by more than 40 customers, who capacitate most of the global demand.
As a result, Talga is expanding its graphite mineral resources and completed a 56-hole drill program at Vittangi last year. Final drill assay results have returned significant graphite grades, confirming a new deposit at Nunasvaara East and extending the Niska South deposit.
Assays from the final 23 drill holes have successfully intersected targeted graphite units, with assay results returning significant grades of graphite consistent with those previously reported from the program.
A revision of Talga’s Vittangi graphite resources is underway to support and optimise future expansion plans. The mineral resource upgrade is to be completed in late Q2 2022 and aims to expand what is currently Europe’s largest defined graphite mineral resource.
Information received from completed geotechnical and water bore drilling will be compiled and used to optimise aspects of the Nunasvaara South DFS mining plan over the first few years of operation.
Building on the latest drill results and SkyTEM survey, a new 26 hole drill program will commence at the project soon. The new program will test the exploration target linking the Niska South and Niska North resources.
“The consistent high grades from recent drilling at Vittangi are outstanding, and our world-class Swedish natural graphite deposits clearly have room for significant further growth,” Talga Managing Director Mark Thompson said.
“We are pleased to commence upgrading the scale of resources to match fast growing global demand for cleaner, secure battery supply chains.”
Best results include 24 metres at 32.5 per cent Cg from 111 metres including nince metres at 36.6 per cent Cg at the Niska South deposit.
Talga Group last traded at $1.38 per share before the market opened on March 3.