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TALGA RESOURCES LTD HAS COMPLETED A PRE-FEASIBILITY STUDY FOR THE DEVELOPMENT OF ITS WHOLLY OWNED VITTANGI GRAPHITE PROJECT

Talga Resources Ltd has completed a Pre-Feasibility Study for the development of its wholly owned Vittangi Graphite Project in the County of Norrbotten in northern Sweden - a highly developed resource and investment jurisdiction with a longstanding tradition of mineral extraction and processing. The Project is based on the development of a graphite mining and mineral processing operation at Talga’s Nunasvaara South deposit, located within the Vittangi Project , and an integrated anode refinery near the Port of Luleå, for the production of a coated highperformance lithium-ion battery graphite anode material, Talnode®-C, to be sold direct to battery customers.

To lower initial capital expenditure and capture near term market opportunities Talga proposes a staged project development. Commencement of Stage 1 is planned for 2020 with an expected output of approximately 5,000 tonnes of Talnode-C over two years, based on the trial mining of approximately 25,000 tonnes of ore processed via toll-processing and an early stage Refinery operation. 

Once the exploitation concession has been received Talga intends to expand to Stage 2 full-scale production of approximately 19,000 tonnes per annum of Talnode-C, with commissioning proposed for 2023