Vittangi graphite project Source: Talga
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Talga (TLG) begins a 30-hole drill program at its Vittangi graphite project in northern Sweden
  • The company is aiming to identify new resources by testing electromagnetic conductors and JORC exploration targets between the Niska South and Niska North deposits
  • The drill program is expected to be complete next month, with a revision of graphite resources anticipated for the end of the year
  • Talga says it is witnessing strong demand for its European source of anode for lithium-ion batteries, and is preparing the project for future expansion options
  • Before the market open, shares were trading at $1.57

Talga (TLG) has begun a 30-hole drill program at its Vittangi graphite project in northern Sweden.

The company is aiming to identify new resources by testing electromagnetic conductors and JORC exploration targets between the Niska South and Niska North deposits.

The drill program is expected to be complete next month, with a revision of graphite resources anticipated for the end of the year.

Talga said it is witnessing strong demand for its European source of anode for lithium-ion batteries, and is preparing the project for future expansion options.

“Talga’s Vittangi graphite project is a world-class Tier-1 asset for battery anode production whose scale remains to be fully defined,” Managing Director Mark Thompson said.

“We are excited to start drilling the Niska Link prospect to support future expansion options, aligned with our customers’ battery production roadmaps and strong graphite anode demand.”

Before the market opened, Talga shares were trading at $1.57 each.

TLG by the numbers
More From The Market Herald
Step One (ASX:STP)- Founder & CEO, Greg Taylor

" Step One Clothing (ASX:STP) shares plummet on slashed revenue and earnings guidance

Shares in Step One Clothing (ASX:STP) have nosedived after the company slashed revenue growth and earnings…
BHP Group (ASX:BHP) - CEO, Mike Henry

" BHP (ASX:BHP) to pay record interim dividend after strong half yearly results

BHP (ASX:BHP) will pay a record interim dividend of US$1.50 (A$2.10) after reporting a strong financial…
Kingfisher Mining (ASX:KFM) - CEO & Executive Director, James Farrell

" Kingfisher Mining (ASX:KFM) completes drilling in WA

Kingfisher Mining (ASX:KFM) has completed drilling at two of its projects in the Gascoyne Mineral Field…

" Ardea Resources (ASX:ARL) confirms nickel-cobalt mineralisation at Goongarrie South

Ardea Resources (ASX:ARL) has confirmed high-grade, near-surface nickel-cobalt mineralisation at the Goongarrie South deposit in WA.