Active anode material is what Talga is producing.To clarify,...

Active anode material is what Talga is producing.

To clarify, active anode material is purified spherical graphite (PSG) which has been coated. A lot of ASX listed hopefuls stop at PSG because of the difficulties of the coating process, although they will miss out on the lucrative margins; like EGR and RNU. Talga will be producing coated purified spherical graphite aka active anode material (see below via the DFS). Off the top of my head, Syrah and Nouveau Monde are also producing CPSG/AAM.

Each company seems to use different terms for their final value-added product which can make it very confusing. For example, EGR seems to favour the term battery anode material, which I think is somewhat disingenuous with the use of the word "anode." Because as far as I can tell, this product is a purified spherical graphite (PSG) that still needs to be coated, hence it is not anode. Conversely, RNU just uses the term purified spherical graphite (PSG), which is a lot clearer.

Matt Fernley's Investor's Guide to Graphite is a great resource to have on deck for future reference. Of which, you can download here: https://www.batterymaterialsreview.com/graphite-101/. He even outlines the process required to go from mine to various value added products (PSG, CPSG).