TLG - Media, page-12331

Actually, thanks to the Swedish Land & Environmental Court permit decision last week, we now have approval to extract 120,000tpa of ore instead of the original 100,000tpa in the DFS!!

This is on top of the 25,000 tonnes of ore that was extracted and stockpiled from the most recent trial mine at Niska South, which translates to approximately 6,000 tonnes of fully coated anode.

Finally, as Oldmate just pointed out above, Talga could potentially explore the option of an underground trial mine, extracting more high grade ore in the process. It will be interesting to see if Talga pursues this option or with the proposed implementation of the CRM & NZI Acts, they how have the necessary policy tailwinds to move straight to submitting a larger commercial extraction permit.

Those investors who have been following the Talga story for a while now know that securing the environmental permit last week was the single largest de-risking event to date. Parting ways with Mitsui prematurely signals that superior financing options are on the table & Talga’s negotiations position with offtakers has just strengthened to conclude them.

Look forward to further news in the next few weeks and the next investor webinar should be very enlightening not just for plans at Vittangi/Lulea, but I sense we will be hearing a lot more about Talnode-Si in Germany & possibly North America in the not too distant future.