Talga Resources owns 100% of the largest resources of natural graphite in Europe, comprising multiple deposits, all of which are located in Norrbotten County, north Sweden. The flagship deposit, Nunasvaara, which forms part of the Vittangi Project, is the highest grade JORC/NI 43-101 resource in the world (total resource 12.3Mt @ 25.5% graphite using a 17% cutoff). Talga has further defined another two JORC resources at Jalkunen and Raitajärvi.
Talga wholly owns a suite of copper-cobalt-gold projects in north Sweden. The Kiskama, Lautakoski, Ahmavuoma and East Aitik projects comprise high grade copper and cobalt mineralisation over significant widths. Kiskama is renowned as Sweden's largest deposit of cobalt and in the 99% percentile for grade of drilled deposits (105 holes), while 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.
Talga Resources wholly owns two iron ore projects, Masugnsbyn and Vittangi, located in Norrbotten County, north Sweden. The projects are strategically located near well developed transport and processing infrastructure including magnetite concentrators, pellet plants and pig iron mills. Talga is rationalising its holdings and seeking divestment opportunities to focus on its graphene, graphite and battery metals projects.
Talga is divesting its four 100% owned gold exploration projects in Western Australia to focus on the Swedish projects. In Australia three of the gold projects have been sold and one is under option. Talga retains a net smelter royalty on future gold production.