Talga uncovers graphite resource exceeding expectations

Company News

by Katrina Bullock

Tech minerals company, Talga Resources (ASX:TLG) has uncovered an exceedingly wide zone of graphite during its diamond core drilling program underway at the Niska prospect in North Sweden.

The width of the western unit exceeds the widest drilled on the whole Vittangi project to date, and is more than three times the average width of the Nunasvaara resource which is currently the subject of a pre-feasibility study.

Talga Resource's Managing Director, Mark Thompson says “the proximity to the current Nunasvaara resources, visual similarity of the core and substantial widths far exceeding anything else drilled at the Vittangi project to date suggests that Niska is potentially a significant discovery in the making".

Assay results are expected in May and an initial resource estimate is expected before the end of the June quarter.

Shares in Talga Resources (ASX:TLG) closed 6.35 per cent lower at $0.59 yesterday.
 

Katrina Bullock

Finance News Network
Katrina joined FNN in 2018. She holds a Bachelor of Laws (Honours first class), a Bachelor of Business (Distinction) and is currently undertaking a PhD in Law focused on stock exchange disclosures and corporate governance. She previously worked as a corporate lawyer in an Australian top tier commercial law firm and is currently the General Counsel for Greenpeace Australia Pacific.