TLG - Media, page-3057

Hi Beach

Investor pack presentation from Nouveau Monde web site says the west zone resource contains 120 Mt grading around 4.26% Cg and 60m tonnes of reserves grading 4.35% Cg see page 36.

https://nouveaumonde.group/wp-content/uploads/2021/02/NMG_Corporate_Presentation.pdf

The 42k tonnes of anode material, 3k tonnes of flake and 15k tonnes of other specialty products takes output in stage 1 to 60 k tonnes pa. In phase 2 they're looking to boost output of other products by another 40k tonnes annually.

So NM's anode production target is 42k tonnes compared to Talga's 100k tonnes mid-decade.

NM's margin per tonne is US$4,445 about half Talga's. See page 34.

In conclusion:

Talga's ore contains 5 to 6 times more graphite per tonne.
Talga will produce 2.5 times more anode material annually.

Talga's margin per tonnes is double that of NM.

So who has the sexier metrics?