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Talga Boosts European Natural Graphite Resources

Posted By Graphene Council, Saturday, September 19, 2020
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.

Tags:  Batteries  Graphene  Graphite  Mark Thompson  Talga Resources 

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Outstanding detailed feasibility study results support Talga’s anode project

Posted By Graphene Council, Wednesday, August 5, 2020

Talga is pleased to advise the outcomes of feasibility work and studies completed on its Vittangi Anode Project (“Project”) in northern Sweden.

Talga is building an integrated graphite anode facility in Sweden running on 100% renewable electricity, to produce ultra-low emission coated anode for greener lithium-ion (“Li-ion”) batteries. Production of the Company’s flagship fully coated anode product, Talnode®-C, will be based initially on the unique flake graphite of its Nunasvaara South deposit near Vittangi.

Project development has  been  marked  by  operational  impacts  during  the  COVID-19  pandemic. In consideration of these impacts, the development of the Project will now be combined into a single commercial stage, amalgamating the two stages previously outlined in the Project Pre-feasibility Study (“PFS”). The overall economic and financial parameters for the combined stages remain materially unchanged from the PFS.

Since the publication of the PFS in May 2019 Talga has undertaken further studies into the Talnode-C product, anode production, graphite processing and battery market as part of detailed feasibility work on the Project.

Completed feasibility work on the start-up phase (Stage 1) of the Project show highly positive outcomes which will be refined further in the upcoming commercial Detailed Feasibility Study (“DFS”). Improvements in Project performance identified in the latest feasibility work include:

• Project development to proceed directly to commercial phase with Project commissioning in 2022 and commercial production in 2023, subject to commercial DFS planned for Q1 2021
• Yield of Talnode-C (from graphite concentrate) increased to 99%, up from 88% in PFS
• Total recovery of Talnode-C (from graphite ore) increased to 90%, up from 80% in PFS
• Energy savings of 30% in graphite concentrate production
• Successful piloting of proprietary sustainable purification process producing battery-grade graphite concentrate without use of industry standard hydrofluoric acid (“HF”)
• Ability to produce Talphene graphene products for battery and polymer composite applications from anode refinery stream
• Positive feedback on Talnode-C from major battery manufacturers including high capacity and fast- charge performance during qualification tests
• Refinement of Talnode-C coating treatment based on input from automotive OEM customers
• Pre-production scale Talnode-C pilot plant to satisfy larger automotive OEM qualification process
• Further cost optimisations and growth opportunities identified including resource expansion and underground mining options

The fast track pathway simplifies Project development and enables the Company to progress directly to commercial anode production of 19,000 tonnes per annum (“tpa”) with commencement of construction in 2022 and production in 2023, as outlined in the  PFS.  Talga’s potential Project partners and customers have indicated that they support this plan.

Commenting on the feasibility study results, Talga Managing Director Mark Thompson said: “I credit our staff members and technical partners for their work in realising these significant improvements which span every area of our anode project development. In spite of COVID-19 disruptions our commercial development remains firmly on track thanks to the ingenuity of the Talga team. The great results of the recent feasibility work shows significant benefits to be gained in the short and long term and support the simplified amalgamated development plan.

With increasing demand for Li-ion battery anode sourced from secure and clean supply chains Talga is attracting attention as a potential major anode producer outside China. The range of parties we are engaged with, from product sales to project development partnerships, are truly world-class and well-suited to our project execution strategy. We look forward to sharing more results of these partnerships over the coming months.”

For more information http://www.talgagroup.com/irm/PDF/8e8738bb-527b-4073-9d85-b7db737b468a/Outstandingdetailedfeasibilityresults

Tags:  Battery  Graphene  Graphite  Li-ion Batteries  Mark Thompson  Talga 

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Quarterly Activities Report and Appendix 5B 30 June 2020

Posted By Graphene Council, Thursday, July 16, 2020
Battery anode and graphene additives company Talga Resources Ltd is pleased to report its activities for the quarter ending 30 June 2020.
June 2020 quarter activities included:

COMMERCIAL & PRODUCT DEVELOPMENT
• Battery anode agreement with Farasis Energy
• Talnode®-C customer interest exceed 300% of planned annual production
• Forecast demand drive consideration of significant anode capacity expansion in Niska Scoping Study
• Talga in Bentley Motors electric drive project

MINERAL PROJECT DEVELOPMENT & EXPLORATION
• Swedish National Interest supports Vittangi Graphite Project development
• Full scale (Stage 2) mining applications submitted for Vittangi Anode Project
• Stage 1 feasibility studies set for completion

CORPORATE & INVESTOR RELATIONS
• Talga graphene and battery anode webinar participation
• COVID-19 measures continue
• Cash balance of A$5.1 million as at 30 June 2020

Managing Director, Mr Mark Thompson: “We are delighted to advance our commercial relationship with Li-ion battery manufacturer Farasis, who are in a strategic partnership as supplier to Mercedes-Benz, and continue to deepen Talga’s engagement with battery producers and end users attracted to our EU-local and low CO2 anode production potential.

While the period was marked by the impact of COVID-19, our dedicated team never stopped performing and continued to deliver commercial progress across all our product lines. Most notable is the significant expressions of  interest in our Li-ion battery anode products and the solid progress we have made towards becoming Europe’s largest anode producer, perfectly positioned on the doorstep of the world’s fastest growing EV market.

In the next quarter we will continue to advance partnerships to support the development and financing of the Vittangi project, and complete a range of studies to map out its larger scale production potential in step with our customer demands.”

Tags:  Bentley Motors  Graphene  Graphite  Li-ion Batteries  Mark Thompson  Talga Resources 

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EU demand leads to Talga expanding battery plant

Posted By Graphene Council, Friday, June 26, 2020
Overwhelming European demand sees Australia’s battery anode company Talga Resources plan for expanded output at its new Swedish battery anode factory.

Expressions of interest received for Talga’s lithium-ion battery anode products exceed 300% of planned annual capacity of the Vittangi Anode Project, the company says.

Talnode products are now in 36 active commercial engagements covering the majority of planned European li-ion battery manufacturers and six major global automotive OEMs.

Talga says it’s expanding the scale of the Niska scoping study for the Vittangi Project to review larger anode production options as a result of this significant interest.

Li-ion battery megafactories are set to require more than 2.5 million tonnes per annum (tpa) active anode material by 2029, up from about 450,000 tpa anode production today, with Europe the fastest growing market.

That’s because worldwide li-ion battery demand continues to rapidly increase, with global battery manufacturing capacity set to exceed 2.5 tera-Watt hours (TWh) per annum by 2029 across 142 battery plants.

“Our engagement with European battery companies and automotive OEMs has grown rapidly, with customers attracted by the potential of locally produced anode at competitive costs and with world-leading sustainability,” Talga managing director Mark Thompson says.

”As we progress Talnode-C through commercial qualification stages with customers it is pleasing to note that interest now greatly exceeds our original planned production, and that the need to review expansion options has arisen this early.”

The increased interest means the company is targeting completion of the Niska scoping study in Q3 2020.

While COVID-19 has severely impacted EV sales in the short term, Bloomberg New Energy Finance data shows EV sales hold up better than internal combustion engine (ICE) vehicles due to new (lower cost) models and supportive government policies.

In the quarters prior to the COVID-19 outbreak, EV sales as a percentage of total passenger vehicles rose rapidly in the EU, with Germany and France recording increases of 100% during the period.

Numerous countries across Europe have implemented some form of financial incentives towards customer uptake of EVs, and post COVID-19 these have increased markedly in some countries.

Talga is entering the European market at a time when 100% of anode supply is still sourced from Asia. The company’s marketing team reports that, post COVID-19, localisation is becoming an increasingly significant factor influencing customer’s purchasing decisions.

Tags:  Battery  Graphene  Li-ion batteries  Mark Thompson  Talga Resources 

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Talga Looks to Expand Battery Anode Capacity

Posted By Graphene Council, Wednesday, June 24, 2020
Battery  anode  company Talga  Resources  Ltd is  pleased  to provide an update on the development of the Vittangi Anode Project in northern Sweden.   As part of this  on-going  development  the  Company  is  engaging  directly  with  lithium-ion  (“Li-ion”)  battery manufacturers towards purchase agreements for its planned anode production.

Commercial   samples   of   Talnode-C,   and   in   some   cases   Talnode-Si,   are   progressing   through confidential  qualification  processes  under  36  active  customer  engagements.  These  include  the majority of announced Li-ion battery manufacturers in Europe (see Figure 1) and six of the world’s major automotive OEMs.

Expressions of Interest received by engaged parties for supply of Talnode-C in 2023 exceeds three times the annual production capacity proposed in the Company’s Pre-feasibility Study1. As a result of this  interest,  Talga  is  expanding  the  Niska  Scoping  Study  underway  to  evaluate  significantly  larger anode production options for the overall Vittangi Project.

Commenting on the Company’s progress, Talga Managing Director Mark Thompson said: “Our engagement  with  European  battery  companies  and  automotive  OEMs  has  grown  rapidly,  with customers attracted by the potential of locally produced anode at competitive costs and with world- leading  sustainability.     As  we  progress  Talnode-C  through  commercial  qualification  stages  with customers it is pleasing to note that interest now greatly exceeds our original planned production, and that the need to review expansion options has arisen this early.”

Planning for expansion of anode production – Niska scoping study

Based on the strong interest from industry and the anticipated permitting timeframes in Sweden, the  Company  has  decided  to  expand  the  Niska  scoping  study  of  the  Vittangi  Project  to  review significantly  larger  anode  production  options.  The  outcomes  will  be  in  addition  to  the  current Nunasvaara South PFS production plan of 19,000 tpa*.

This  scoping  study  is  underway  on Talga’s  three  Vittangi  graphite  resources  not  currently  in  the PFS; Nunasvaara North, Niska South and Niska North (“Niska Scoping Study”), all located within approximately  2.5km  kilometres  north  of  Nunasvaara  South  (see  Figure  2).    Collectively  these JORC  resources  total  6.5  million  tonnes  at  26.8%Cg  (see  Table  1),  including  a  higher  grade resource domain at Nunasvaara North of 900,000 tonnes at 33.0%Cg (see Table 2).

A  mining  study  supporting  the  larger  scale  project  has  been  completed,  and  metallurgical  and battery  product  testwork  on  composite  samples  is  underway.  Due  to  the  significant  increase  in scale, the Company is targeting completion of the Niska Scoping Study in Q3 2020.

Li-ion anode market growth

Worldwide Li-ion battery demand continues to rapidly increase, with global battery manufacturing capacity set to exceed 2.5 tera-watt hours (TWh) per annum by 2029 across 142 battery plants. This will require >2,500,000 tpa of graphite anode, up from ~450,000 tpa anode production today. Europe  is  the  world’s  fastest  growing  region  for  Li-ion  battery  manufacturing  and  will  require
500,000 tpa of new graphite anode supply by 2029.2

While the COVID-19 outbreak in 2020 has severely impacted electric vehicle (“EV”) sales in the short  term,  Bloomberg  New  Energy  Finance  data3  shows  EV  sales  hold  up  better  than  internal combustion engine vehicles due to new (lower cost) models and supportive government policies.

In the quarters prior to the COVID-19 outbreak EV sales as % of total passenger vehicles rose rapidly  in  the  EU,  with  Germany  and  France  recording  increases  of  100%  during  the  period4. Numerous countries across Europe have implemented some form of financial incentives towards customer uptake of EVs, and post COVID-19 these have increased markedly in some countries5.

Competent Persons Statement

The Niska Mineral Resource estimate was first reported in the Company’s announcement dated 15 October  2019  titled  ‘Talga  Substantially  Increases  Flagship  Graphite  Resource  Size,  Grade  and Status’. The Company confirms that it is not aware of any new information or data that materially affects  the  information  included  in  the  previous  market  announcement  and  that  all  material assumptions and technical parameters underpinning the Resource estimate in the previous market announcement continue to apply and have not materially changed.

The Nunasvaara Mineral Resource estimate was first reported in the Company’s announcement dated 27 April 2017 titled ‘Talga boosts Swedish graphite project with maiden Niska resource’. The Company confirms that it is not aware of any new information or data that materially affects the information included in the previous market announcement and that all material assumptions and technical parameters underpinning the Resource estimate in the previous market announcement continue to apply and have not materially changed.

The Nunasvaara Ore Reserve statement was first reported in the Company’s announcement dated 23 May 2019 titled ‘Outstanding PFS results support Vittangi graphite development’. The Company confirms that it is not aware of any new information or data that materially affects the information included  in  the  previous  market  announcement  and  that  all  material  assumptions  and  technical parameters underpinning the Reserve estimate in the previous market announcement continue to apply and have not materially changed.

Tags:  Automotive  Battery  Graphene  Graphite  Li-ion Batteries  Mark Thompson  Talga Resources 

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Vittangi Project Supported by National Interest Demarcation

Posted By Graphene Council, Thursday, June 18, 2020
Battery anode and graphene additives company Talga Resources Ltd is pleased to advise of positive developments at its 100% owned Vittangi graphite project in northern Sweden (“Vittangi”).

A recent decision by the Swedish Geological Survey (“SGU”) completed the demarcation of Vittangi as a mineral deposit of national interest1. This designation adds support to consider the exploitation of Vittangi as a mineral deposit when government authorities review development plans and any potential competing land uses.

Under the Swedish Environmental Code, deposits of valuable substances or materials can be defined as being of national interest, meaning municipalities and central government agencies may not authorise activities that might prevent or significantly hinder exploitation of the mineral deposit. The national interest area covers the entirety of Talga’s currently defined Vittangi graphite resources (see Table 1 below), and undrilled extensional deposits, as detailed in Figure 1.

The SGU noted the Vittangi graphite deposit's significance to the country's supply capacity and its special material properties and concluded the deposit constitutes a unique natural asset of valuable substances or materials.

Further, they consider locally produced graphite could help strengthen the competitiveness of the Swedish battery manufacturing industry and that, as the known highest grade graphite deposit in the world, Vittangi could “meet a great need not only within Sweden but internationally”.
The decision2 takes note of the European Commission’s listing of graphite as a critical raw material and their warning that a lack of access to such critical commodities could slow the development of fossil-free energy sources.

Commenting on SGU’s decision, Talga Managing Director Mark Thompson said: "We welcome SGU’s decision as a positive and timely development following Talga’s recent lodgement of the Vittangi Graphite Project mining permit applications, towards becoming Europe’s first vertically integrated producer of Li-ion battery active anode material."

SGU Decision Background
In preparing the demarcation SGU obtained extensive information on the Vittangi Graphite Project including details relating to its geology and material properties. The demarcation defines the boundaries of the original declaration of Nunasvaara as a deposit of national interest which contained only a centre co-ordinate. Results from Talga’s extensive exploration work were made available during the investigation and SGU carried out their own detailed electromagnetic survey to assist in the demarcation, which covers approximately 20km strike of graphite mineralisation.

Competent Persons Statement
The Nunasvaara Mineral Resource estimate was first reported in the Company’s announcement dated 27 April 2017 titled ‘Talga Substantially Increases Flagship Graphite Resource Size, Grade and Status’. The Company confirms that it is not aware of any new information or data that materially affects the information included in the previous market announcement and that all material assumptions and technical parameters underpinning the Resource estimate in the previous market announcement continue to apply and have not materially changed.

The Niska Mineral Resource estimate was first reported in the Company’s announcement dated 15 October 2019 titled ‘Talga boosts Swedish graphite project with maiden Niska resource’. The Company confirms that it is not aware of any new information or data that materially affects the information included in the previous market announcement and that all material assumptions and technical parameters underpinning the Resource estimate in the previous market announcement continue to apply and have not materially changed.

Tags:  Graphene  Graphite  Mark Thompson  Talga Resources 

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Battery anode agreement with Farasis Energy

Posted By Graphene Council, Wednesday, May 27, 2020

Australian battery anode provider Talga Resources Ltd is pleased to advise the Company has entered an agreement with Farasis Energy Europe GmbH (“Farasis”), a subsidiary of Farasis Energy Inc, one of the world’s leading manufacturers of lithium-ion batteries.

Talga is building a European anode production facility for lithium-ion batteries using the Company’s proprietary material technologies, wholly owned Swedish carbon source and 100% electricity from renewable energy sources. As part of the agreement between Talga and Farasis (“Agreement”), Talga will supply coated (‘active’) anode products for evaluation in Farasis batteries and assessment of potential business development opportunities, primarily in Europe.

Talga Managing Director, Mr Mark Thompson: “Following successful initial tests, we are very pleased to continue this progress in collaboration with the experienced Farasis team. Talga is making substantial progress in commercialising its European lithium-ion battery anode products, and demand is growing rapidly, particularly in the EV market. We look forward to working together with Farasis to advance our anode materials for their innovative energy storage solutions.”

Anode Market Background and Agreement Details
Talga is a developing lithium-ion battery anode producer in Sweden, utilising vertical integration and wholly owned technology to supply cost competitive and high-quality anode to European battery markets. The Company’s operations in northern Sweden use fossil free hydroelectricity, enabling Talga’s position as a low-emission leader in anode production and a secure local partner for the emerging European battery supply chain.

Europe is undergoing unprecedented growth in the demand for lithium-ion batteries, driven by the move to electric vehicles and renewable energy storage. This creates new demand for sustainable and locally sourced battery anode materials, such as Talga’s. In addition, global EV battery demand is forecast to grow 14-fold by 2030, which would require approximately 1.7 million tonnes of anode material per annum1.

Under the non-binding Agreement Talga agrees to supply Farasis with lithium-ion battery anodes in quantities as mutually agreed and required, with no contractually obligated minimum quantity, for evaluation and business development purposes. The Agreement is valid until 2024 and either party can choose to withdraw at any time via standard termination clauses, not constituting binding commercial terms. All of Talga’s intellectual property rights remain unaffected by the Agreement

The Company is unable to quantify the economic benefits to Talga arising from the Agreement at this stage. Further terms, including quantity and pricing, are subject to negotiations throughout evaluation and development, and in the event commercially binding contracts are entered into Talga will inform the market. However, Talga recognises Farasis commercial relationships, particularly with European automotive manufacturers2, to be well aligned with its developing Swedish anode business.

Tags:  Battery  energy storage  Farasis Energy Europe GmbH  Graphene  Li-ion batteries  Mark Thompson  Talga Resources 

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Talga in Innovate UK Electric Drive Project for Bentley Motors E-Axle

Posted By Graphene Council, Wednesday, May 13, 2020
Battery anode and graphene additives provider Talga Resources Ltd is pleased to announce it has been approved for Innovate UK co-funding to support development of an e-axle designed for Bentley Motors.

The OCTOPUS project aims to deliver the ultimate single unit e-axle solution designed specifically to meet Bentley Motors performance specifications via optimised motor and power electronics technology and materials. The project is funded under the Office for Low Emission Vehicles’ and Innovate UK’s “IDP15: The Road to Zero Emission Vehicles” competition.

Under the project Talga will develop and provide graphene materials for the high performance electric motor windings to deliver an aluminium-based solution aimed at outperforming, and ultimately replacing, the copper windings currently used.

The improved motor windings form part of the project’s aim of developing next generation lightweight high performance component systems that integrate the latest advanced materials and manufacturing techniques. The components are to be tested at sub-system and system level for an integration route into future e-axle designs.

Talga Managing Director, Mark Thompson: “We are delighted to engage in jointly developing Bentley Motors’ e-axle concept with our consortium partners and are honoured to have earned Innovate UK’s continued support.

The successful use of Talga graphene material to lend aluminium the properties required to outperform copper in electric motors would be a big advancement. For automotive manufacturers this could reduce vehicle weight and increase performance, safety and driving range while retaining sustainability and economics. Lightweight and high performance automotive components perfectly complement our Li-ion battery anode products, and the advancement could pave the way for opportunities to replace copper wire in many large-scale applications globally.”

Project and Funding Details
The OCTOPUS project funding extends to completion at end of 2022 and during this time Talga will retain current and arising intellectual property in its field. The Company can choose to withdraw from the project at any time and standard termination clauses typical of consortium project contracts apply.

Innovate UK has approved funding to the value of ~£3.6 million for the OCTOPUS project. Talga is eligible for ~£224,000 of this project funding, representing approximately 70% of Talga’s total contribution, to be provided in quarterly instalments over the funding period.

At this stage the Company cannot quantify the economic benefits to Talga from participating in the project. However the relationship with consortium partners and commercial potential of the arising products is well aligned with Talga's growing advanced materials and technologies for applications in zero emission vehicles. 

Tags:  Bentley Motors  Graphene  Mark Thompson  Talga Resources 

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Talga Resources: QUARTERLY ACTIVITIES REVIEW

Posted By Graphene Council, Saturday, May 9, 2020
Battery anode and graphene additives company Talga Resources Ltd (ASX:TLG)(“Talga” or “the Company”) is pleased to report its activities for the quarter ending 31 March 2020. The following content is as reported by TALGA. 

March 2020 quarter activities included:

COMMERCIAL & PRODUCT DEVELOPMENT

• MOU agreement signed with Mitsui for joint project development

• Successful 60 tonne pilot graphite concentrate program supports anode market development

• Talga in Bentley Motors electric drive project (subsequent to the period)

• 33,000 tonne ship trials push graphene-coating demand

MINERAL PROJECT DEVELOPMENT & EXPLORATION

• Environmental approval received for Vittangi Stage 1 Mining Operation, Sweden

CORPORATE & INVESTOR RELATIONS

• COVID-19 operational update and cost reduction measures

• Cash balance of A$6.6 million as at 31 March 2020

Managing Director, Mr Mark Thompson: “Amid the challenge of the COVID-19 outbreak, the Talga team achieved significant milestones this quarter, advancing our goal of becoming Europe’s next commercial scale Li-ion battery anode producer.

During this period we partnered with Mitsui, one of the largest global investment and trading companies, and gained approval of our Stage 1 mining permit in Sweden, while responding rapidly to the pandemic in line with government directives across all our countries of operation.

I am heartened by the positive way our team has adopted the measures we have had to take, and thank everyone involved in responding so well to the unfolding situation.”  COMMERCIAL AND PRODUCT DEVELOPMENT

Joint Anode Project Development MOU Agreement executed with Mitsui   Mitsui & Co. Europe Plc, the subsidiary of Mitsui & Co., Ltd., one of the largest global trading and investment companies based in Japan, and Talga executed a Memorandum of Understanding (“MoU”) during the quarter to evaluate joint development of the Vittangi Anode Project in northern Sweden. The MoU outlines the intention to negotiate and enter into definitive agreements to form a joint venture with respect to the financing, construction and operation of the Vittangi Anode Project, subject to a series of technical and commercial evaluation stages.

The execution of the MoU follows the completion of a Pre-Feasibility Study (ASX:TLG 23 May 2019) outlining the strong economics of the Vittangi Anode Project and a period of undertaken due diligence.

The potential joint development offers substantial synergies in establishing a European anode supply chain, securing a strategic source of anode products for Mitsui customers (ASX:TLG 20 March 2020) and growth in the battery materials business.

Completed 60 tonne pilot flotation program supports Talga anode development

A Talga pilot-scale processing program of 60 tonne Vittangi graphite ore, forming part of the Stage 1 DFS for the Vittangi Anode Project, was successfully completed during the period under review (ASX:TLG 30 January 2020).

The pilot processing program employed continuous test conditions for numerous key processing steps using advanced, industrial scale equipment at a Scandinavian toll milling and testing facility.

The program achieved the desired product targets using equipment up to 20x larger than that of previous programs. The successful scale-up demonstrates the suitability of the Pre-Feasibility Study process flowsheet for planned commercial production (ASX:TLG 23 May 2019).

The graphite concentrate produced has progressed to next stage refining into Talga’s flagship anode product (Talnode®-C) for on-going anode market development and customer qualification programs.

A lithium-ion battery ‘pouch’ cell with 100% Talnode®-C anode being tested at Talga’s lab in Cambridge, UK.

Copper windings of electric motors used in passenger vehicles

Talga engage in Bentley Motors e-axle development co-funded by Innovate UK

Subsequent to the quarter, Talga announced its participation in the Innovate UK co-funded “OCTOPUS” project, aiming to deliver the ultimate single unit e-axle solution designed specifically to meet Bentley Motors performance specifications (ASX:TLG 27 April 2020).

Under the project Talga will develop and provide graphene materials for the high performance electric motor windings to deliver an aluminium-based solution aimed at outperforming, and ultimately replacing, the copper windings currently used. For automotive manufacturers this could reduce vehicle weight and increase performance, safety and driving range while retaining sustainability and economics.

The improved motor windings form part of the project’s aim of developing next generation lightweight high performance component systems that integrate the latest advanced materials and manufacturing techniques. The components are to be tested at sub-system and system level for an integration route into future e-axle designs.

Lightweight and high performance automotive components complement Talga’s range of Li-ion battery anode products, and success in this program would open opportunities to replace copper wire in many large-scale applications globally.

Commercial-scale ship coating trials push demand for Talcoat® samples

In the previous quarter, Talga released details of a Talcoat® product, a graphene additive for maritime primer coatings, applied on two 33,000 tonne ocean going vessels at sea under large-scale trials (ASX:TLG 4 November 2019 and ASX:TLG 17 December 2019).

Subsequent to the publication of the trials additional parties across several sectors of the global coating industry have engaged with Talga and received Talcoat product samples. These are now undergoing testing by manufacturers and applicators, varying in size and jurisdiction, with positive initial test results.

Negotiations towards purchase agreements are underway with some parties and details will be released as and when any definitive commercial agreements are reached.

MINERAL PROJECT DEVELOPMENT AND EXPLORATION

Stage 1 Vittangi mining operation receives environmental approval

Environmental approval for Stage 1 mining operations at Talga’s 100% owned Vittangi Graphite Project in northern Sweden was received during the period under review (ASX:TLG 3 March 2020).

The trial mine environmental permit was issued by the Environmental Review Committee within the Norrbotten County Administration Board and is valid for three years.

The permit allows for the extraction of up to 25,000 tonnes of graphite ore for planned processing into concentrate and refining at Talga’s downstream anode refinery to produce Talnode®-C, the Company’s flagship Li-ion battery anode product developed to provide a sustainable and cost competitive choice for battery manufacturers.

The permitting process included comprehensive test work and studies to minimise the environmental footprint of the operation and upon conclusion of Stage 1 mining the site will be rehabilitated using the successful measures from the Company’s 2015-2016 trial mining campaign.

Preparations for site works and contractor selection is underway with operation planning to commence following completion of further statutory compliance, Stage 1 refinery permitting and financing activities.

Environmental and statutory permit applications for Stage 2 mining and concentration operations, with a processing capacity of 100,000 tonnes per annum of graphite ore, are nearly complete but now expected to be submitted in Q2 2020.

In full-scale production the graphite concentrate will feed Talga’s planned downstream refinery in the coastal city of Luleå, 250km to the south, to produce 19,000 tonnes per annum of Talnode-C as per the design parameters detailed in Talga’s May 2019 Pre-Feasibility Study (ASX:TLG 23 May 2019).

Tenement Interests

As required by ASX listing rule 5.3.3, refer to Appendix 1 for details of Talga’s interests in mining tenements held by the Company. No new joint ventures or farm-in/farm-out activity occurred during the quarter. Some non-core project tenements were rationalised or relinquished during the period under review.

CORPORATE AND INVESTOR RELATIONS

Share Registry Update

During the quarter Talga’s share registry changed to Automic Group. The change took effect from 20th January 2020 (ASX:TLG 20 January 2020).

Measures implemented to manage effect of COVID-19 on Talga operations

Subsequent to the period under review, the Company proactively implemented a range of measures to manage the effect of COVID-19 on its operations (ASX:TLG 2 April 2020). The policies and procedures put into effect focuses on the well-being of Talga’s people, partners and customers. Where possible, Talga staff across the UK, Germany, Sweden and Australia continue working remotely to deliver corporate, operational and product marketing functions.

Dealings with customers are ongoing and development of the Vittangi Anode Project is proceeding with minor interruptions. The Stage 1 DFS finalisation and Stage 2 permit application submission are now targeting Q2 2020.

Activities at Talga’s test facility in Rudolstadt continue, subject to government precautions and at a reduced rate, with priority placed on finalising samples and materials already in production. The Company’s current stocks of Talphite® and Talnode® products are considered sufficient to meet demand in the short term.

Talga’s participation across Innovate UK electric vehicle technology projects and customer graphene programs also continue subject to quarantine restrictions.

To maximise the Company’s capital position, Talga has implemented a group-wide cost reduction programme to reduce fixed and variable costs. As part of the cost reduction programme, the executive team, senior management and the board will undertake significant salary reductions, ranging 20% - 50%, for the remainder of the financial year.

Cash outflow during the period included some major but temporary costs relating to accelerated development of the Vittangi Anode Project in Sweden. These development activities, although ongoing to an extent, have largely been completed and the Company expects to have materially lower cash outflow going forward.

Financial

Talga closed out the 2020 March quarter with A$6.6 million cash-in-bank and was capitalised at ~A$76 million (based on closing price 29 April 2020). Currently the Company has 243.6 million quoted ordinary shares and 11.8 million unlisted options on issue.

This announcement has been authorised by the Board of Directors of Talga Resources Ltd. 

Tags:  Battery  Graphene  Graphite  Mark Thompson  Talga Resources 

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Talga Resources : in Bentley Motors Electric Drive Project

Posted By Graphene Council, Monday, April 27, 2020
Battery anode and graphene additives provider Talga Resources Ltd is pleased to announce it has been approved for Innovate UK co-funding to support development of an e-axle designed for Bentley Motors.

The OCTOPUS project aims to deliver the ultimate single unit e-axle solution designed specifically to meet Bentley Motors performance specifications via optimised motor and power electronics technology and materials. The project is funded under the Office for Low Emission Vehicles' and Innovate UK's 'IDP15: The Road to Zero Emission Vehicles' competition.

Under the project Talga will develop and provide graphene materials for the high performance electric motor windings to deliver an aluminium-based solution aimed at outperforming, and ultimately replacing, the copper windings currently used.

The improved motor windings form part of the project's aim of developing next generation lightweight high performance component systems that integrate the latest advanced materials and manufacturing techniques. The components are to be tested at sub-system and system level for an integration route into future e-axle designs.

Talga Managing Director, Mark Thompson: 'We are delighted to engage in jointly developing Bentley Motors' e-axle concept with our consortium partners and are honoured to have earned Innovate UK's continued support.

The successful use of Talga graphene material to lend aluminium the properties required to outperform copper in electric motors would be a big advancement. For automotive manufacturers this could reduce vehicle weight and increase performance, safety and driving range while retaining sustainability and economics. Lightweight and high performance automotive components perfectly complement our Li-ion battery anode products, and the advancement could pave the way for opportunities to replace copper wire in many large-scale applications globally.'

Tags:  Bentley Motors  Electric Vehicle  Graphene  Li-ion Batteries  Mark Thompson  Talga Resources 

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