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Talga Resources Ltd.
Summary
| Project: | Vittangi | |
|---|---|---|
| Deposit: | Nunasvaara | |
| Location: | Sweden | |
| Commodities: | Graphite | |
| Date: | 4/27/2017 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Scoping Study | |
| Report details: | 27-4-2017: Talga Resources Ltd. announces a Resource Estimation report for its Nunasvaara deposit at the Vittangi project. Updated mineral resource estimate, 25% increase in total tonnes. Technology minerals company Talga Resources Ltd (“Talga” or the “Co | |
| Resources: | (Resource, I+I): 12.3Mt @ 25.5% Cg for 3.1365Mt Graphite contained at Nunasvaara deposit | |
| CP/QP: | [Resources]: Oliver Mapeto, Albert Thamm (Not stated) | |
| ABSTRACT: | Technology minerals company Talga Resources Ltd (“Talga” or the “Company”) (ASX Code: TLG) is pleased to announce an updated JORC Mineral Resource Estimate (“MRE”) of its flagship Nunasvaara graphite deposit (“Nunasvaara”) following diamond drilling and test mining programs in the latter part of 2016. Nunasvaara forms part of Talga’s 100% owned Vittangi Graphite Project (“Vittangi”) located 50km east of Kiruna in northern Sweden. Talga Managing Director Mark Thompson commented: “The updated JORC (2012) - compliant resource for Nunasvaara builds on what is already the world’s highest grade graphite mineral resource. We have added significant scale, improved grade and boosted the majority of tonnes into higher status resource categories. This enables us to extend our planning and development options for this large, high-grade and unique graphite deposit, on which we have only just scratched the surface. It gives Talga confidence that additional highly prospective exploration targets already identified in our Vittangi project area have strong potential to convert to further resources as required to supply future demand growth for both graphite and graphene products.” The Nunasvaara MRE update was completed by independent geological consultants Oliver Mapeto and Albert Thamm utilising results from diamond drilling completed at the Nunasvaara North prospect (“Nunasvaara North”) in 2016. Nunasvaara North is located ~1,200m to the northeast of the main Nunasvaara graphite deposit (“Nunasvaara South”). | |
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