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Talga Resources’ initial drilling uncovers near surface flake graphite in Sweden

Talga Resources’ initial drilling uncovers near surface flake graphite in Sweden

Talga Resources (ASX: TLG) has discovered near surface, high grade flake graphite in first drilling at its Raitajärvi project in northern Sweden.

Importantly, initial assays have delivered both high grades over significant thicknesses and broad zones of mineralisation not previously recorded by historic works.

All but one of the first 14 drill holes of the 28-hole program completed successfully intersected graphite mineralisation.

Highlights so far are:

- 98.9 metres at 5.5% graphitic carbon, including 29.1 metres at 11.2% graphitic carbon;
- 62 metres at 4.8% graphitic carbon, including 14 metres at 10.2% graphitic carbon;
- 47.5 metres at 10.1% graphitic carbon, including 6.1 metres at 16.8% graphitic carbon and 9.6 metres at 22.1% graphitic carbon; and
- 80.7 metres at 4.6% graphitic carbon, including 13 metres at 12% graphitic carbon.

Less than 25% of the anomaly strike length has been tested to date and the deposit remains open at depth and along strike, with parallel zones essentially untested.


Drilling specifics


Talga’s drilling focused on the western lobe of a 3,000 metre long electromagnetic anomaly where historic drilling by the Swedish Geological Survey (SGU) intercepted coarse flake graphite.

The historic SGU drill results supported a JORC Inferred Resource of 0.5 million tonnes at 10.8% carbon.

The distribution of graphite within the deposit is characterised by wide zones of flake graphite around higher grade core zones.

Where historic drilling was twinned the width of the graphite mineralised zone often exceeds double the width of the historic intercept, suggesting good potential for a substantially larger resource.

Talga expects assay results from the remaining 14 holes to begin arriving from the lab in the next four weeks.

Following this the company will upgrade the current resource, both in size and status, before reviewing economics in a Scoping Study.


High purity


Historic metallurgical work by SGU identified that Raitajärvi flake graphite is primarily coarse flake and can attain purity exceeding 99% carbon, after a basic (unoptimised) leaching process.

The recent drill core will be subjected to new metallurgical tests aimed at increasing concentrate purity even further.

If the small but significant increase to 99.9% in purity can be attained, such high quality graphite concentrate could potentially reap much higher prices in battery grade graphite markets, or even compete as an alternate carbon precursor in the US$16 billion per annum synthetic graphite market.


Strategic location


The Raitajärvi graphite project is advantageously located 2 kilometres from the Överkalix-Övertorneå Highway, 25 kilometres by road to the nearest railway and 130 kilometres by road to the Port of Luleå.

Talga has a signed a memorandum of understanding with the Port of Luleå for the export of up to 80,000 tonnes per annum of graphite concentrate or products.


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Talga Resources Ltd Timeline

Newswire
May 19 2014

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