Cobalt

Talga wholly owns a suite of highly prospective cobalt mineral assets in Sweden, started from purchasing the Kiskama project as part of the Teck Sweden package in 2012. 

Kiskama Co/Cu/Au (Sweden)

  • Sweden’s largest Cobalt deposit
  • Proximal to high quality, low cost power (hydro) grid and transport links to smelters
  • Railway links to Aitik; Europe’s largest operating copper-gold mine, milling 36 million tonnes per annum.  Potential toll treatment opportunity.
  • Drilling (101 historic drillholes for 13,836m) tested only 1km strike of a 7km cobalt-copper-gold zone.
  • Only 27% of historic drillcore assayed for copper, and less than 2% assayed for gold.
Some significant drill intercepts at Kiskama include:
  • 36m at 0.11% Co, 0.27% Cu and 0.13g/t Au (Talga 2014)
  • 40m at 0.09% Co, 0.24% Cu and 0.14g/t Au including 28m at 0.11% Co (Talga 2014)
  • 42.2m at 0.10% Co and 0.41% Cu (pre-1980)
  • 33.1m at 0.10% Co and 0.56% Cu (pre-1980)
  • 28.1m at 0.11% Co and 0.51% Cu (pre-1980)

The cobalt intercepts to date are highly encouraging in the context of established infrastructure, hydro-electric power, road and rail transport and nearby smelters. The presence of significant copper and gold along with or adjacent to the cobalt enhances the potential of Kiskama.  Additionally the scope for defining new and higher grade zones is considered high, both adjacent to the known deposit and within the 7km strike magnetic target zone to the south of the previous drilling.

Other Cobalt Projects

In addition to Kiskama Talga wholly owns other high grade copper-cobalt-gold projects in north Sweden at an earlier stage of exploration. The Lautakoski, Ahmavuoma and East Aitik projects comprise high grade copper and cobalt mineralisation known from Talga and historic work in drill cores and rock chip samples. Recent tests of historic drillcore at Ahmavuoma returned significant intercepts such as 73.1m @ 0.16% Co and 0.24% Cu from 33.75m (04AD001), including 22.8m @ 0.34% Co and 0.13% Cu from 54m. Talga believes its cobalt-rich base metal assets could play a key role in the supply of technology minerals for the fast growing Li-ion battery market and is reviewing its options for advancing these assets, separate to its graphite projects.


Kiskama cobalt zone drill core sample, Talga 2014 drilling (KIS04 66-68m)