- Battery materials developer Talga Group (TLG) has released promising results from a recent study of its graphite resource claims in Sweden
- The Niska South, Niska North and Nunasvaara North graphite resources were all surveyed as part of a scoping study to determine the viability of further development
- Early results support a stand-alone mine and anode refinery to process an estimated 5.1 million tonnes of graphite at 28.7 per cent per tonne
- The proposed facility would process roughly 400,000 tonnes a year, which would generate US$690 million (approximately A$928 million) per annum over a 14-year mine life
- With the study complete, the company will now focus its upcoming expansion resource drilling program, which will eventually support the lodgement of its exploitation concession permits in mid-2021
- Talga Group closed 2.97 per cent down for $1.80 per share
Battery materials developer Talga Group (TLG) has released positive results from a recent study of its graphite resource claims in Sweden.
The Niska South, Niska North and Nunasvaara North graphite resources were all surveyed as part of a preliminary technical and economic scoping study to determine the viability of further development.
Early results are in and support a stand-alone mine and anode refinery to process the estimated 5.1 million tonnes of graphite at 28.7 per cent per tonne.
The proposed facility would process roughly 400,000 tonnes a year, which would generate around $690 million per annum (approximately A$928 million) over a 14-year mine life.
The company is also looking to integrating the promising logistics of the sites into its existing Vittangi Anode Project operation. If combined, Talga would become the largest natural graphite anode producer in the world and largest anode producer outside of China.
Talga was quick to point out, however, that the scoping study is preliminary in nature and further work will need to be done to more clearly outline the site’s logistics.
With the study now complete, the company is now focussed on expansion resource drilling and further analysis of the site, which will eventually support the lodgement of its exploitation concession permits in mid-2021.
Looking further ahead, Talga is also considering a future feasibility study on the combined Vittangi project graphite resources, which could support permitting processes to unify the developments in the future.
Operational start-up at the sites is currently planned for 2025.
Talga Group closed 2.97 per cent down for $1.80 per share.