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Talga Resources Ltd.
Summary
| Project: | Vittangi | |
|---|---|---|
| Deposit: | Vittangi | |
| Location: | Sweden | |
| Commodities: | Graphite | |
| Date: | 5/23/2019 | |
| Report Code: | JORC | |
| Report Type: | Pre-Feasibility Study | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 23-5-2019: Talga Resources Ltd. announces a Pre-Feasibility Study report for its Vittangi deposit at the Vittangi project. PFS results incl. pre-tax NPV of US $1056M (8%), IRR of 55%, maiden ore reserve. Australian advanced materials technology company Ta | |
| Resources: | (Reserve, Prob.): 1.935Mt @ 23.53% TGC for 455.305Kt graphite contained | |
| CP/QP: | [Overall Report]: John Walker (Golder Associates) | |
| ABSTRACT: | Australian advanced materials technology company Talga Resources Ltd (“Talga” or “the Company”) (ASX:TLG) is pleased to announce highly positive results of the Company’s Preliminary Feasibility Study (“PFS” or “Study”) for its 100% owned Vittangi Graphite Project (“Vittangi” or “the Project”) in Sweden. The Study confirms the Project is technically and financially robust with outstanding economic returns as a market focused, high margin vertically integrated operation producing a high-performance fully engineered and coated lithium-ion (li-ion) graphite battery anode product, Talnode®-C, for the global li-ion battery supply chain. The PFS proposes a staged conventional open-pit mining operation with on-site concentrator and coastal anode refinery to produce, at final design, approximately 19,000 tonnes per annum (tpa) of Talnode-C. The initial stage is designed as a low capex toll processing operation over 2 years to feed the Stage 1 anode refinery for output of approximately 2,500 tpa Talnode-C prior to scaling up to steady state full-scale production in Stage 2. Key project metrics include an estimated pre-tax Net Present Value (NPV) of US$1,056 million at an 8% discount rate and a pre-tax Internal Rate of Return (IRR) of 55%, with a rapid pay-back period of 1.5 years from commencement of Stage 2 commissioning. | |
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