EXPLORATION & DEVELOPMENT

Talga grows graphite resource as environmental permit awaited

MINE-to-motor graphite aspirant Talga Group has increased its Vittangi resources in Sweden by 23% to 37 million tonnes grading 23% graphite, with an environmental permit decision due tomorrow.

Long dated but getting closer

Long dated but getting closer

Technical and feasibility studies continue, as do offtake discussions with European battery makers.

Talga has been working in graphite for more than a decade, with a mining scoping study completed in 2014.

Current ambitions include the Vittangi anode project moving towards total plus-100,000tpa anode production by 2025-2026, which Talga says would see it become one of the largest lithium-ion battery anode producers outside China.

Talga had cash at the end of December of A$23.3 million.

A subsequent $40 million raising in February priced new shares at $1.55 each.

Shares in Talga were trading at $1.63 this week, capitalising the company at $588 million. 

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