Ann: Talga Boosts Graphite Resources, page-2

Highlights of results of the review include:

• Updated Nunasvaara South Mineral Resource Estimate defines 15% increase in total natural graphite resources at Vittangi

• Vittangi graphite mineral resource now stands at 19.5 million tonnes at 24.0% graphite (based on a revised 10% cut-off grade across the project)

• Vittangi remains the world’s highest grade natural graphite resource1, set to play a significant role in battery anode production for the booming electric vehicle market

• Talga’s total graphite resource inventory in Sweden increases to 55.3 million tonnes at 17.5% graphite, representing the largest source of natural graphite defined in Europe

• Additional growth Exploration Targets totalling 26–46 million tonnes at 20–30% graphite defined within Vittangi and set to be drill-tested for potential further increases in scale.