Talga Resources (ASX: TLG) has logged a 28% upgrade to the resource base at its Swedish iron ore project, located 60 kilometres by road from state-owned Luossavaara-Kiirunavaara's Svappavaara iron mine and mill.
The project was acquired from Teck in 2012.
The new JORC resource is 112.0 million tonnes at 28.6% iron as magnetite with 87.0 million tonnes at 28.3% Fe in Indicated category and 25.0 million tonnes at 29.5%Fe in Inferred category.
Strategic partners are being sought to advance the project, which is located adjacent to current producing infrastructure and milling options.
While there is no known metallurgical data for the project, similar style deposits in the area might suggest that a premium iron concentrate could be produced by magnetic concentration and flotation.
The deposit lies adjacent to sealed roads and grid power, and is 60 kilometres from state-owned rail accessible by permit of the Sweden Transport Authority. There are multiple port options for export of bulk materials including Narvik to the north and Luleå to the south.
Talga's graphite projects are taking centre stage and a strategic partner is being sought for some or all of the Masugnsbyn iron project in Sweden.
Initial assays from Talga’s first drilling program at Raitajärvi project in northern Sweden revealed encouraging near surface widths and grades of flake graphite in early May.
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