Announcement Date: 2022-07-06
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: Talga Resources Ltd.
Project name: Vittangi
Location: Sweden
Commodities: Graphite
Highlight: Drilling results incl. 103m @ 17.9% from 55m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Battery materials company Talga Group Ltd (“Talga” or “the Company”) (ASX:TLG) is pleased to report first drill results from recently completed exploration (ASX:TLG 14 Apr 2022) at the Company’s 100% owned Vittangi Graphite Project in Sweden (“Vittangi” or “the Project”). The 36-hole drill program was the maiden test of a ~2km long target between the Niska South and Niska North deposits (“Niska Link’) where Talga had defined geophysical conductors beneath shallow soil cover (ASX:TLG 26 Oct 2021). Assay results of the first 13 drillholes at the Niska Link confirm high grade graphite (“Cg”) mineralisation over substantial downhole widths, with maximum values reaching 46% Cg (at 14.7m, NIS22008). See Tables 1, 2 and 6 below for drillhole and assay details. Results of remaining drillholes are expected in August and following this, the Company will commence an update of the Vittangi graphite resource. Vittangi resource growth strategy Talga is building a vertically integrated operation to supply green natural graphite anode products to Li-ion battery manufacturers and automotive OEM customers. By 2031, Europe is forecast to require ~1 million tonnes anode per annum (tpa), whilst global demand is projected to reach ~8 million tpa
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