I have made a comment regarding NMG on the Talga subreddit just today. I will reiterate it just so those who are unaware of NMG can get a feel of how they might compare to TLG.
NMG is producing 100,000 tonnes of graphite concentrate per annum as per their "Phase 2 Operation" which is scheduled in 2023-2025. To get this 100,000 tonne of concentrate, they need to mine a whopping 2,400,000 tonnes per annum (yes 2.4 million) of ore. And of the 100,000 tonnes of concentrate, only 42,000 tonnes will be anode material. As a comparison, If TLG was mining 2.4m tonnes per annum of ore, they would be yielding approximately 450,000 tonnes per annum of anode material.
See below for further information regarding NMG. The first two images are from their investor presentation and the last image is from their feasibility study:
TLG - Media, page-4432
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