(Kitco News) – Battery and advanced materials company Talga Group today announced significant increases in the company’s Swedish natural graphite mineral resources which form a key part of its vertically integrated battery anode business.
The company said that Vittangi graphite resource boosted by 54%, adding more than 10 million tonnes to Europe’s largest graphite resource, a critical mineral for lithium-ion batteries.
According to the company’s statement, the latest update, based on 2021 drilling, brings the Vittangi graphite project (JORC 2012) global mineral resource estimate to 30.1 million tonnes of graphite ore at 24.1% Cg.
“Graphite resource growth is a key pillar in Talga’s mine-to-anode strategy and scale-up to become a significant supplier of the world’s greenest lithium-ion battery anode,” Talga said. “Further resource update planned for late H2 2022 following recently completed drilling program.”
The company indicated that its Vittangi project is the largest natural graphite resource in Europe, and the highest grade JORC graphite mineral resource publicly filed in the world.
The updated Vittangi mineral resource, with 7.2Mt of contained natural graphite, could potentially provide Li-ion battery anode material for the production of approximately 60 million electric vehicles, Talga added.
Talga is building a vertically integrated graphite anode business in Europe using 100% renewable electricity to produce ultra-low emission coated active anode for greener Li-ion batteries.
Production of Talga’s flagship anode product, Talnode®-C, will use the unique high-grade natural graphite from the company’s wholly-owned Vittangi graphite project in northern Sweden.
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.
Read More:Battery materials developer Talga boosts its graphite resources in Sweden by 54%
2022-05-27 21:28:00
