Australia’s Talga Resources Ltd (ASX: TLG) has announced a maiden JORC Mineral Resource Estimate (MRE) for the Niska graphite deposits which it says is an important plank in its plan to develop a significant European battery energy support business.
Critically the Niska deposits (North and South) are located within two km along strike of the current Nunasvaara JORC-compliant (2012) MRE of 12.3Mt @ 25.5% graphite and within Talga’s wider Vittangi Graphite Project located in northern Sweden.
Highlights of the Niska MRE include:
- Maiden JORC (2012) Indicated resource of 4.6Mt @25.8%Cg using a 10% lower cut-off
- Mineralisation starts within 4m from surface and deposits remain open, both at depth and along strike, with potential to expand the deposits, via additional drilling, considered high based on geophysical data (EM)
- Expands Talga’s total JORC resource inventory in Sweden to 52.7Mt containing 9.3Mt graphite
- Niska preliminary economic study to commence in November to scope development options and commence permitting process at the company’s Vittangi Graphite Project in northern Sweden.
Talga Managing Director, Mark Thompson, said the first resource for the Niska discovery is a very positive development.
“Not only is it more than double the size of the Nunasvaara ore reserve that underlies the PFS we published in May, it is higher in grade and opens up a range of potential options for development that we will scope out separately at this stage.
This conversion of Niska from discovery to resources adds further strength to Talga’s plans to build a large, long term European source of anode products for the lithium-ion battery industry.”
