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.
Talga completed a diamond drilling program consisting of 28 drill-holes and 3,047 metres at the Niska prospect, located 1-2 km northeast along strike of the Nunasvaara deposit. Assay results are expected in Q3.
A portion of the Nunasvaara South Indicated Mineral Resource estimate was upgraded to a Mineral Reserve. Talga reported a Probable Reserve of 1.9Mt at 23.5% total graphite concentrate (12% Cg cut-off grade).
A graphite sales and distribution agreement was signed with Possehl Erzkontor GmbH & Co. KG, one of the largest sellers of graphite products in Europe.