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ASX Release | ASX:TLG |
6 July 2022 |
New drill results reveal Niska Link graphite
- First drilling of 2km long 'Niska Link' target intersects wide and high grade graphite zones at Talga's 100% owned Vittangi graphite project in northern Sweden
- Significant downhole intercepts include:
-
84m @ 20.2% Cg (from 15m) NIS22005 incl. 37m @ 29.6% Cg o 103m @ 17.9% Cg (from 55m) NIS22006 incl. 43m @ 20.2% Cg o 33m @ 21.9% Cg (from 66m) NIS22019 incl. 22m @ 25.7% Cg
o 29m @ 29.1% Cg (from 58m) NIS22026 incl. 16m @ 35.6% Cg (to end of hole)
-
84m @ 20.2% Cg (from 15m) NIS22005 incl. 37m @ 29.6% Cg o 103m @ 17.9% Cg (from 55m) NIS22006 incl. 43m @ 20.2% Cg o 33m @ 21.9% Cg (from 66m) NIS22019 incl. 22m @ 25.7% Cg
- Remaining results expected in August with an update of Vittangi graphite resource to follow
- Exploration push on Tier-1 graphite asset driven by strong demand for Talga's European source of anode for Li-ion batteries.
Battery materials company Talga Group Ltd ("Talga" or "the Company") (ASX:TLG) is pleased to report first drill results from recently completed exploration (ASX:TLG 14 Apr 2022) at the Company's 100% owned Vittangi Graphite Project in Sweden ("Vittangi" or "the Project").
The 36-hole drill program was the maiden test of a ~2km long target between the Niska South and Niska North deposits ("Niska Link') where Talga had defined geophysical conductors beneath shallow soil cover (ASX:TLG 26 Oct 2021).
Assay results of the first 13 drillholes at the Niska Link confirm high grade graphite ("Cg") mineralisation over substantial downhole widths, with maximum values reaching 46% Cg (at 14.7m, NIS22008). See Tables 1, 2 and 6 below for drillhole and assay details. Results of remaining drillholes are expected in August and following this, the Company will commence an update of the Vittangi graphite resource.
Vittangi resource growth strategy
Talga is building a vertically integrated operation to supply green natural graphite anode products to Li-ion battery manufacturers and automotive OEM customers. By 2031, Europe is forecast to require ~1 million tonnes anode per annum (tpa), whilst global demand is projected to reach ~8 million tpa1.
Figure 1 Portion of Niska Link drillhole NIS22026 with assays over 58.15 - 76.15m interval.
- Benchmark Gigafactory Assessment, June 2022
Talga Group Ltd | Suite 3.03, Level 3, | info@talgagroup.com | www.talgagroup.com |
ABN 32 138 405 419 | 46 Colin Street | +61 8 9481 6667 | Talga Group |
ASX: TLG | West Perth 6005 | @Talga_Ltd | |
Australia |
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Figure 2 Cross section of Niska Link Target drillholes (looking approximately east north east).
In March 2022, the Company opened Europe's first coated active anode plant ("EVA") to produce large scale anode samples for advanced battery qualification processes (ASX:TLG 31 Mar 2022). More than 20 battery manufacturers and automotive customers are engaged and receiving Talga's anode samples as part of offtake and financing processes in preparation for commercial production commencing 2024.
The 2022 drilling campaigns are designed to continue testing the large Vittangi JORC exploration target (ASX:TLG 20 Jul 2021) and is expected to contribute towards a further increase of Talga's graphite resource (ASX:TLG 27 May 2022) scheduled for end of 2022. The resource revision aims to further define what is Europe's largest and highest-grade graphite mineral resource to support and optimise potential future anode production expansions.
Authorised for release by the Board of Directors of Talga Group Ltd.
For further information please contact: | |
Mark Thompson | Nikki Löf |
Managing Director | Group Communications Manager |
Talga Group Ltd | Talga Group Ltd |
+61 (0) 8 9481 6667 | +61 (0) 8 9481 6667 |
www.talgagroup.com | 2 / 24 |
Figure 3 Vittangi Graphite Project map of 'Niska Link' drill target over EM conductors.
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www.talgagroup.com | 3 / 24 |
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Table 1 Niska Link exploration drilling significant intercept summary (lower cut off 10% Cg). Note all intercepts are downhole widths and are not necessarily indicative of true width. All samples submitted to ALS Global (Malå) for C-IR07,S-IR08,C-IR18 and ME-ICP06 analysis.
Hole | Intercept (downhole) | Mineralisation | Sampling | ||||||||||||||
Drill hole | From (m) | To (m) | Intercept (m) | Cg % | Max internal | ||||||||||||
dilution (m) | |||||||||||||||||
NIS22005 | 14.70 | 98.40 | 83.70 | 20.17 | None | ||||||||||||
Including | 14.70 | 52.00 | 37.30 | 29.64 | None | ||||||||||||
NIS22006 | 54.55 | 158.10 | 103.45 | 17.91 | 0.1 | ||||||||||||
Including | 56.55 | 99.50 | 42.95 | 20.23 | None | ||||||||||||
and | 114.80 | 156.10 | 41.20 | 19.45 | 0.1 | ||||||||||||
NIS22008 | 5.40 | 16.50 | 10.90 | 28.02 | 0.5 | ||||||||||||
and | 102.25 | 112.25 | 10.00 | 19.57 | None | ||||||||||||
and | 122.80 | 143.25 | 20.45 | 18.33 | 0.3 | ||||||||||||
NIS22011 | 84.65 | 110.55 | 25.90 | 14.77 | 0.4 | ||||||||||||
Including | 84.65 | 94.40 | 9.75 | 22.02 | 0.4 | ||||||||||||
NIS22013 | 100.85 | 113.65 | 12.80 | 18.62 | None | ||||||||||||
NIS22014 | 43.30 | 78.00 | 34.70 | 15.21 | None | ||||||||||||
Including | 67.80 | 74.80 | 7.00 | 27.77 | None | ||||||||||||
NIS22015 | 79.80 | 93.20 | 13.40 | 26.05 | None | ||||||||||||
NIS22017 | 117.35 | 138.50 | 21.15 | 12.72 | None | ||||||||||||
NIS22018 | 100.00 | 109.00 | 9.00 | 18.20 | None | ||||||||||||
NIS22019 | 66.25 | 99.40 | 33.15 | 21.89 | None | ||||||||||||
Including | 66.25 | 89.50 | 22.25 | 25.70 | None | ||||||||||||
and | 36.05 | 55.40 | 19.35 | 18.22 | None | ||||||||||||
NIS22026 | 58.15 | 87.60 | 29.45 | 29.10 | None | ||||||||||||
Including | 58.15 | 74.15 | 16.00 | 35.58 | None | ||||||||||||
NIS22027 | 45.70 | 71.40 | 25.70 | 21.20 | 3.1 | ||||||||||||
Including | 52.60 | 64.60 | 12.00 | 29.03 | None | ||||||||||||
NIS22028 | 80.90 | 104.80 | 23.90 | 16.62 | 0.3 |
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Table 2 Diamond drillhole collar summary for 2022 drilling program at Niska Link target of the Vittangi Graphite Project. All coordinates are in Swedish Grid SWEREF 99TM and have been located with a RTK GPS. Drill dimension for all holes is WL76. All drillholes excluding NIS22020, NIS22026 and NIS22027 have been downhole surveyed.
Borehole ID | Deposit | SWEREFF 99TM | Azimuth | Dip | EOH Depth (m) | |||||||||||||||||||
Easting | Northing | |||||||||||||||||||||||
NIS22001 | 772070 | 7527798 | 300 | -50 | 106.6 | |||||||||||||||||||
NIS22002 | 772024 | 7527772 | 302 | -50 | 64.3 | |||||||||||||||||||
NIS22003 | 772002 | 7527726 | 298 | -50 | 85.1 | |||||||||||||||||||
NIS22004 | 772036 | 7527711 | 302 | -50 | 139.5 | |||||||||||||||||||
NIS22005 | 771957 | 7527635 | 303 | -50 | 109.0 | |||||||||||||||||||
NIS22006 | 771994 | 7527617 | 169.1 | |||||||||||||||||||||
299 | -50 | |||||||||||||||||||||||
7527850 | 100.6 | |||||||||||||||||||||||
NIS22007 | 772085 | 302 | -50 | |||||||||||||||||||||
NIS22008 | 772120 | 7527830 | 302 | -50 | 169.4 | |||||||||||||||||||
NIS22009 | 771829 | 7527411 | 89 | -45 | 159.5 | |||||||||||||||||||
NIS22010 | 771976 | 7527529 | 269 | -50 | 160.8 | |||||||||||||||||||
NIS22011 | 771878 | 7527411 | 92 | -45 | 132.8 | |||||||||||||||||||
NIS22012 | 771929 | 7527411 | 88 | -45 | 84.8 | |||||||||||||||||||
NIS22013 | 771827 | 7527461 | 93 | -45 | 150.7 | |||||||||||||||||||
NIS22014 | 771878 | 7527461 | 91 | -45 | 99.7 | |||||||||||||||||||
NIS22015 | 771853 | 7527511 | 91 | -45 | 108.2 | |||||||||||||||||||
NIS22016 | 771928 | 7527361 | 87 | -45 | 111.4 | |||||||||||||||||||
NIS22017 | 771878 | 7527361 | 91 | -45 | 153.0 | |||||||||||||||||||
NIS22018 | 771833 | 7527511 | 87 | -65 | 127.7 | |||||||||||||||||||
Niska Link | ||||||||||||||||||||||||
NIS22019 | 771864 | 7527627 | 118 | -50 | 119.8 | |||||||||||||||||||
NIS22020 | 771830 | 7527647 | 118 | -50 | 178.4 | |||||||||||||||||||
NIS22021 | 771928 | 7527311 | 90 | -45 | 106.1 | |||||||||||||||||||
NIS22022 | 771977 | 7526964 | 88 | -40 | 78.1 | |||||||||||||||||||
NIS22023 | 771909 | 7527213 | 88 | -45 | 106.1 | |||||||||||||||||||
NIS22024 | 771908 | 7527113 | 113.3 | |||||||||||||||||||||
91 | -45 | |||||||||||||||||||||||
NIS22025 | 771934 | 7527113 | 91 | -45 | 85.0 | |||||||||||||||||||
NIS22026 | 772014 | 7527063 | 271 | -45 | 87.6 | |||||||||||||||||||
NIS22027 | 772009 | 7527063 | 271 | -40 | 71.4 | |||||||||||||||||||
NIS22028 | 771924 | 7527013 | 88 | -60 | 121.6 | |||||||||||||||||||
NIS22029 | 771954 | 7527013 | 89 | -50 | 106.0 | |||||||||||||||||||
NIS22030 | 771954 | 7526963 | 89 | -50 | 108.7 | |||||||||||||||||||
NIS22031 | 771914 | 7526963 | 88 | -50 | 148.6 | |||||||||||||||||||
NIS22032 | 771750 | 7526859 | 109.0 | |||||||||||||||||||||
118 | -50 | |||||||||||||||||||||||
NIS22033 | 771547 | 7526551 | 119 | -50 | 94.3 | |||||||||||||||||||
NIS22034 | 771730 | 7526812 | 118 | -50 | 85.6 | |||||||||||||||||||
NIS22035 | 771707 | 7526828 | 116 | -50 | 121.2 | |||||||||||||||||||
NIS22036 | 771513 | 7526572 | 119 | -50 | 81.9 | |||||||||||||||||||
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Talga Resources Ltd. published this content on 05 July 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 05 July 2022 22:33:01 UTC.