Liviövaara Map

The Pajala project encompasses two graphite prospects defined by historic drilling. Significant graphite bearing units which are locally spatially associated with zones of copper bearing metasomatic alteration have been intersected over a combined 1.8km strike length.

At the Liviövaara prospect both copper-gold and graphite mineralisation was identified by the Swedish Geological Survey ("SGU") and Anglo American who drilled a combined 13 holes testing large coincident magnetic and electrical geophysical anomalies. These returned best down hole graphite intercepts of 5m @ 39.9% graphite ("Cg") and 8.4m @ 30.2% Cg. Selective sampling of these historic drill holes by Talga returned additional graphite intervals including 1.8m @ 21.1% Cg, 4.0m @ 20.7% Cg and 12.2m @ 13.7% Cg.

Liviövaara Drill Core

The Lehtosölkä prospect is defined by five historic diamond holes completed by the SGU, with a best intercept of 19.5m @ 7.5% Cg. Thin section analysis identified a bimodal graphite flake size distribution around 100 microns (“µm”) and 300-400 µm. Approximately 20% of observed graphite flakes were greater than 400 µm (jumbo flake).