Big increase in high grade graphite targeted by Talga

GRAPHITE group Talga Resources has added resources to its high grade Vittangi project in northern Sweden and believes a doubling of the increased estimate is eminently possible from drill targets identified.
Big increase in high grade graphite targeted by Talga Big increase in high grade graphite targeted by Talga Big increase in high grade graphite targeted by Talga Big increase in high grade graphite targeted by Talga Big increase in high grade graphite targeted by Talga

Talga's Vittangi graphite being cut

Vittangi, which is claimed to be the world's highest-grade natural flake deposit, is now estimated to contain 19.5 million tonnes grading 24% graphite, with a further 26-46Mt at 20-30% graphite set as as an exploration target. 
 
Talga's total graphite resource inventory in Sweden increases to 55.3Mt at 17.5% graphite.
 
The increase in resources followed a desktop review, the junior said.
 
Talga's ambition is to build an integrated graphite anode refinery in Europe using 100% renewable electricity to produce ultra-low emission coated anode for "greener" lithium-ion batteries - with high-grade natural flake graphite feed for the front end of the venture to come from Vittangi.
 
Talga first started working on graphite in Sweden in 2012.
 
The company raised A$10 million in new equity last month by issuing shares priced at 50c each.
 
Shares in Talga were up 3% to 62c in afternoon trade, capitalising the company at $165 million.