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Talga Resources (ASX:TLG) - Managing Director, Mark Thompson
Managing Director, Mark Thompson
Source: Talga Group
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  • Talga Group (TLG) says it has returned ‘exceptional’ graphite results from its first holes drilled at its wholly owned Vittangi Graphite Project in Sweden
  • The drill program tested multiple targets of natural graphite, drilling an initial 56 diamond holes for 6790 metres across Europe’s largest and highest grade JORC graphite resource
  • The company says all holes intersected the targeted graphite unit over around 100 metres of strike and returned significant high-grade results near surface, marking some of its highest grades to date
  • Talga says the results support its goal of green anode production, with further assay results anticipated by early 2022
  • Talga Group last traded at $1.73 on November 23

Talga Group (TLG) said it has returned ‘exceptional’ graphite results from its first holes drilled at its wholly-owned Vittangi Graphite Project in Sweden.

The drill program tested multiple targets of natural graphite, drilling an initial 56 diamond holes for 6790 metres across Europe’s largest and highest grade JORC graphite resource.

Results from the Nunasvaara South deposit included 50 metres at 29.2 per cent graphite from four metres, including 21 metres at 41.9 per cent graphite from 26 metres.

The company said all holes intersected the targeted graphite unit over around 100 metres of strike and returned significant high-grade graphite results near surface.

The company said the drill results will underpin revision of resources and optimisation of mine plans.

Talga Managing Director, Mark Thompson, said the company is pleased with the graphite results starting to come in from the 2021 drilling at Vittangi.

“The grades include some of the highest ever from the project, improving the potential to optimise the mine plan and upwardly revise ore reserves,” said Mark Thompson.

“This supports our goal of green anode production by further minimising the footprint of the project and is an exciting development in this time of rising graphite material prices.

“We look forward to further results from the balance of drilling and subsequent development of this strategically important resource for battery manufacturers in Europe.”

Talga said it expects assay results from the remaining 50 drill holes to be received over December 2021 and early 2022.

Talga Group last traded at $1.73 on November 23.

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