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Transaction Announcement Reports
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Project: | Lautakoski | |
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Deposit: | Lautakoski | |
Location: | Sweden | |
Commodities: | Cobalt-Copper | |
Date: | 10/11/2018 | |
Report Code: | JORC | |
Report Type: | Exploration/Drilling Update | |
Project Stage: | Pursuing Resources Definition | |
Report details: | 11-10-2018: Talga Resources Ltd. announces an Exploration/Drilling Update report for its Lautakoski deposit at the Lautakoski project. Re-assay results incl. 91.8m @ 0.18% Cu, 147ppm Co from 14.20m. Talga Managing Director Mark Thompson: “Activities at th | |
Resources: | x | |
CP/QP: | [Overall Report]: Amanda Scott (Scott Geological AB) | |
ABSTRACT: | Talga Managing Director Mark Thompson: “Activities at the Company’s four cobalt-copper-gold projects in Sweden have recommenced with the aim of realising the value opportunity created by growing market demand for responsibly sourced cobalt. Whilst it is early days, the quantity and grades of cobalt on Talga’s projects are significant and highly encouraging, particularly given the nature of the wide and shallow zones and benefits of the presence of copper and gold credits. The potential of the projects is further enhanced by the close proximity to high-quality infrastructure and low-cost sustainable hydropower, as well as being situated in the same mining district as Europe’s largest copper-gold mine. The upcoming resource drilling and on-going exploration activities are designed to increase value and assist in identifying the preferred commercialisation options for consideration by the Board. Further, Talga has started receiving interest from downstream battery manufacturers and customers, which may offer separate or parallel opportunities for development of these assets.” | |
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