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I am wondering if this is the real deal? TLG pushed through $2.00 at open today, on top of the rise of $1.53 to $1.70 then to $1.91 at close last Friday.

Buying has been in fits and spurts; the selling into the rises is temporary. .... But we have been here before. November 2020 when TLG pushed above $2 and held for a week or two.

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On 11/8/2021 at 10:32 AM, nipper said:

I am wondering if this is the real deal? TLG pushed through $2.00 at open today, on top of the rise of $1.53 to $1.70 then to $1.91 at close last Friday.

Has been holding above $2 for the last 7 days, and the announcement today should underpin it. While a non binding MoU,  this Anode Testing Contract looks to secure increasing volumes of materials for larger cell trials and to complete qualification programs with agreed customers. Foxconn is the 4th largest technology company in the world.

TLG is pleased to advise it has entered into a Memorandum of Understanding with Long Time Technology Co., Ltd, a leading manufacturer of anode materials used in lithium-ion batteries. Headquartered in Taiwan, LT Tech serves global battery customers from four production centres utilising natural and synthetic graphite (the latter manufactured with hydropower). LT Tech is a publicly traded company, co-owned by Foxconn Technology Group, a Tier 1 contract manufacturer of electronic devices and, more recently, electric vehicle platforms.

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Talga are drilling out to prove up the Vittangi graphite prospect.  They have now received assay results from the initial six drill holes of this program, which were drilled at the Nunasvaara South deposit.  These holes were designed to infill and upgrade the status of ore blocks in the starter pit (Pit 4) of the DFS mine plan.

Some strong grades including 21m of 41% Cg in one hole, shallow and which is an exceptional number. All up there will be 50 odd holes drilled; full results over the next few months

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 The grades include some of the highest ever from the project, improving the potential to optimise the mine plan and upwardly revise ore reserves. 

 

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Vittangi continues with impressive results: TLG has now received graphite assay results from a further six drillholes of the 56 hole program completed earlier this year (ASX:TLG 26 October 2021).  The program continues to deliver world class results, with all holes successfully intersecting the targeted graphite units at the Nunasvaara South deposit and returning very high grades far in excess of the existing ore reserve.  Mineralisation remains open both along strike and at depth.

Downhole intercepts include:

  • 90m @ 30.8% Cg (from 155m) NUS21008 incl. 25m @ 40.0% Cg (from 156m)
  • 43m @ 30.9% Cg (from 154m) NUS21007
  • 36m @ 25.3% Cg (from 80m) NUS21013
  • 26m @ 37.6% Cg (from 159m) NUS21012 incl. 19m @ 42.5% Cg (from 162m

However, the trajectory of Talga shares saw a reversal recently, falling 25% and to below last years capital raise and SPP level,  when it was announced a failure to complete a tripartite nonbinding Letter of Intent executed with Mitsui & Co. Europe Plc and Luossavaara Kiirunavaraa Aktiebolag , for project level funding; the parties at this stage were not able to complete a satisfactory transaction and the formal LOI has now lapsed.  Mitsui and Talga continue to advance their project development discussions under the separate and existing MoU.

From the AGM:

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Q: When does Talga plan to raise the $1 billion of capital needed to produce 100,000 tonnes of anode materially annual from 2025/2026?
A: As above, Talga strategic plans and capital management are considered in concert by management and board, with a balance between short term funding requirements and longer term development capital.

 

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  • Talga produces Europe’s first Li-ion battery anode during commissioning of its Electric Vehicle Anode (EVA) qualification plant in Sweden
  •  More than 20 battery manufacturers and automotive customers engaged to receive Talnode®C from the EVA production for large scale EV battery qualification and procurement processes
  • EVA plant project executed on time and within budget with full commissioning expected to be completed late March 2022

Battery

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SP doing the proverbial brides nightie, up 10c on this (but has been below $1.40).

Drill results to upgrade the largest graphite resource in Europe

• Final results from Talga 2021 Vittangi drilling in Sweden return world class grades, paving way to upgrade Europes largest natural graphite resource for Li ion batteries

• New deposit confirmed at Nunasvaara East with drill intercepts including:
o 51m @ 28.4% Cg (from 8m) NUN21028 incl. 12m @ 35.7% Cg
o 22m @ 28.4% Cg (from 31m) NUN21012 incl. 8m @ 39.4% Cg
o 34m @ 26.1% Cg (from 40m) NUN21024 incl. 14m @ 28.2% Cg

• Niska South deposit extended at depth and along strike with intercepts including:
o 24m @ 32.5% Cg (from 111m) NIS21011 incl. 9m @ 36.6% Cg
o 26m @ 25.3% Cg (from 73m) NIS21005 incl. 9m @ 31.2% Cg
o 22m @ 27.5% Cg (from 63m) NIS21010 incl. 7m @ 37.4% Cg

• Revision of Vittangi JORC graphite resources underway, with drilling to recommence immediately to continue growing feedstocks for battery customer roadmaps.

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Europe’s first Li-ion battery anode plant successfully commissioned and operating

  • Talga has successfully commissioned and is now operating its Electric Vehicle Anode (EVA) qualification plant in northern Sweden to supply coated anode for battery customer qualification
  • The EVA plant uses graphite concentrate from the Company’s wholly owned Vittangi Graphite Project to produce Talga’s flagship Li-ion battery anode product Talnode® C
  • More than 20 battery manufacturers and automotive customers engaged to receive Talnode®C samples for large scale EV battery qualification and procurement processes
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Talga battery anode growth ambitions boosted with 54% graphite resource increase 

Critical mineral source grows to secure EU Li ion battery supply chain  

  • 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
  • Further resource update planned for late H2 2022 following recently completed drilling program
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