- Talga (ASX:TLG) completes a geophysical survey at its Vittangi graphite project in Northern Sweden to find iron and REE orebodies 1000 metres below the surface
- The company has the largest natural graphite resources in Europe and will increase this to meet the growing EV customer and manufacturer demand
- The EM survey sampled five targets 150 metres apart and 600 metres in length, with the data now undergoing processing
- The Vittangi MRE stands at 70.8Mt averaging 18.8 per cent carbon graphite, containing 13.3Mt of graphite
- TLG shares last traded at $1.17
Talga (ASX:TLG) has completed a deep geophysical survey at its Vittangi graphite project in Northern Sweden to find iron and rare earth element (REE) orebodies 1000 metres below the surface.
The company has the largest natural graphite resources in Europe classified under JORC standards but is planning to increase its resources to meet the growing electric vehicle (EV) customer and manufacturer demand.
The survey utilised ground electromagnetic (EM) methods to sample five targets 150 metres apart and 600 metres in length, with the data now undergoing processing.
The geophysical results will support strategic drilling to extend the 11.1 million tonne Nunasvaara South resource, downdip of the open pit 2.4 million tonne ore reserve.
Furthermore, the company successfully captured wide graphite intercepts in its first drilling of a six-kilometre-long EM conductor 300 metres wide.
Talga claims that ongoing drilling and the results of its geophysical survey could lead to future development options, including an early transition to underground extraction, as well as benefits to increased production, with less waste and decreased land impacts.
The company also announced an update to the Vittangi mineral resource estimate (MRE) to an estimated total of 70.8 million tonnes (Mt) averaging 18.8 per cent carbon graphite, containing 13.3Mt of graphite.
TLG shares last traded at $1.17.