Battery anode and advanced materials company Talga Group Ltd (ASX:TLG) has received “exceptional” first assay results from recently completed drilling at the company’s 100% owned Vittangi Graphite Project in Sweden.
The 2021 Vittangi drill programme tested multiple targets of natural graphite; an EU defined ‘critical mineral’ and Talga’s source of raw material for its integrated Li-ion battery anode production facility under development in Sweden.
The initial 56 diamond drillholes for 6,790m was completed across strategically important development and growth targets of what is already Europe’s largest and highest grade JORC graphite resource.
The company has now received assay results from the initial six drill holes of this programme, which were drilled at the Nunasvaara South deposit. These holes were designed to infill and upgrade the status of ore blocks in the starter pit (Pit 4) of the DFS mine plan.
Managing Director, Mark Thompson, said all holes successfully intersected the targeted graphite unit over approximately 100m of strike and returned significant high-grade graphite (Cg) results from near surface.
“We are very pleased with the graphite results starting to come in from the 2021 drilling at Vittangi,” Mr Thompson said.
“The grades include some of the highest ever from the project, improving the potential to optimise the mine plan and upwardly revise ore reserves. 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 expects assay results from the remaining 50 drill holes to be received over December 2021 and early 2022.
For further information please visit: https://www.talgagroup.com
