Talga Resources is pleased to announce significant increases in the Company’s natural graphite mineral resources within its wholly-owned Vittangi Graphite Project in northern Sweden.
Talga has completed a review of its four JORC (2012) compliant graphite mineral resources within Vittangi to standardise parameters for increased accuracy in upcoming feasibility studies and enable better mine planning, permitting and reporting.
The review also identified significant new Exploration Targets to be tested along strike and at depth from current resources, providing potential for future additional resource growth. Highlights of results of the review include:
• Updated Nunasvaara South Mineral Resource Estimate defines 15% increase in total natural graphite resources at Vittangi
• Vittangi graphite mineral resource now stands at 19.5 million tonnes at 24.0% graphite (based on a revised 10% cut-off grade across the project)
• Vittangi remains the world’s highest grade natural graphite resource1, set to play a significant role in battery anode production for the booming electric vehicle market
• Talga’s total graphite resource inventory in Sweden increases to 55.3 million tonnes at 17.5% graphite, representing the largest source of natural graphite defined in Europe2
• Additional growth Exploration Targets totalling 26–46 million tonnes at 20–30% graphite defined within Vittangi and set to be drill-tested for potential further increases in scale
Note that the potential quantity and grade of the Exploration Target is conceptual in nature, there has been insufficient exploration to estimate a Mineral Resource and it is uncertain if further exploration will result in the estimation of a Mineral Resource.
Commenting on the resource upgrade, Talga Managing Director Mark Thompson said: “We are pleased to continue defining and growing these globally significant and strategically important European graphite deposits.“
“The European Commission recently published an updated list of Critical Raw Materials necessary for the energy transition to a more sustainable society. Natural graphite features on this list of materials vital to European development as it forms nearly half the volume of active materials in electric vehicle batteries, where it is used as the anode.”
“With projected anode demand set to reach 3.2 million tonnes by 20303 the potential of Talga’s Swedish integrated natural graphite anode production facility is significant for the European electric vehicle supply chain and the ‘green’ economy.