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 comprised of sub-vertical, 20 to 30-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.
A Pre-Feasibility Study completed in May 2019 proposed an open-pit mining operation with on-site concentrator and coastal anode refinery to produce approximately 19,000 tonnes per year of a coated li-ion battery graphite anode material, trademarked as Talnode-C. The refined product will be sold to li-ion battery manufacturers and the Pre-Feasibility Study estimates an average selling price of $11,250 per tonne based on independent product and market price assessments.
Talga is expecting to complete a Feasibility Study in 2020 and is working towards obtaining all necessary development permits and approvals.
Following positive assay results from a 3,047 metre diamond drilling program, Talga completed a maiden JORC Mineral Resource Estimate for the North and South Niska deposits consisting of 4.6 Mt at 25.8% graphite concentrate (10.0% Cg cut-off) in the Indicated category.
A definitive feasibility study has commenced and the application for stage one development of the Vittangi Graphite Project was submitted to Swedish authorities
Talga filed a Preliminary Feasibility Study supporting a two-stage development approach for the Vittangi Graphite Project. The economics are based solely on the Nunasvaara South Probable Reserve of 1.9 Mt at 23.5% total graphite concentrate (12% Cg cut-off).