The Vittangi project is located in northern Sweden approximately 3 km from grid power and 23 km to the town and railhead at Svappavaara. The Nunasvaara deposit on the Vittangi property has the highest grade resource of any JORC/NI 43-101 graphite deposit in the world with a reported April 2017 Indicated Mineral Resource totaling 10.7 Mt at 25.7% graphite (17% Cg cut-off grade).
The geology of the Vittangi project area consists of a Proterozoic greenstone sequence of sediments, volcanoclastics and intrusive rocks. Stratiform to stratabound graphite mineralization occurs at the Nunasvaara deposit as two individual, sub-vertical 15 to 60 metre wide lithologically continuous units of a very fine grained, dark-grey to black graphite rock. The Nunasvaara graphite unit extends over 15 km of strike, of which less than 10% has been drill tested to date.
Talga released a Scoping Study in 2014 and have followed it up with trial mining programs as well as test processing at a facility in Rudolstadt, Germany. Graphene and graphite enhanced cement and concrete are key priority product targets within Talga’s four prime industry sectors being: construction materials, coatings, composites and energy storage.
Talga is working towards the completion of a Pre-Feasibility study and mining permits to construct a graphene and battery anode material production facility.
A graphite sales and distribution agreement was signed with Possehl Erzkontor GmbH & Co. KG, one of the largest sellers of graphite products in Europe.
A private placement was completed for gross proceeds of A$8.5 million. The funds will be used to advance Talga´s graphite and cobalt properties.
A resource update was reported at the Nunasvaara graphite deposit. There was a 25% increase in the total resource.