Talga has completed a deep geophysical survey at its Vittangi graphite project in Northern Sweden to find iron and rare earth element (REE) orebodies 1000 metres below the surface.
The company has the largest natural graphite resources in Europe classified under JORC standards but is planning to increase its resources to meet the growing electric vehicle (EV) customer and manufacturer demand.
The survey utilised ground electromagnetic (EM) methods to sample five targets 150 metres apart and 600 metres in length, with the data now undergoing processing.
The geophysical results will support strategic drilling to extend the 11.1 million tonne Nunasvaara South resource, downdip of the open pit 2.4 million tonne ore reserve.
Furthermore, the company successfully captured wide graphite intercepts in its first drilling of a six-kilometre-long EM conductor 300 metres wide.
Talga claims that ongoing drilling and the results of its geophysical survey could lead to future development options, including an early transition to underground extraction, as well as benefits to increased production, with less waste and decreased land impacts.
The company also announced an update to the Vittangi mineral resource estimate (MRE) to an estimated total of 70.8 million tonnes (Mt) averaging 18.8 per cent carbon graphite, containing 13.3Mt of graphite.
Source: The Market Herald