This resource boost sets the company up to become a major supplier to the world’s fastest growing lithium-ion battery markets. Pic: RyanJLane/ E+/ Via Getty Images
Energy
Battery materials company, Talga Group (ASX:TLG) has boosted anode growth ambitions after revealing a 54% increase to the Vittangi Graphite resource in Sweden – the largest natural graphite resource in Europe and the highest grade JORC graphite mineral resource in the world.
The latest update, based on 2021 drilling, brings the Vittangi Graphite Project global mineral resource estimate to 30.1 million tonnes of graphite ore at 24.1% contained graphite, adding an additional 10Mt.
TLG managing director Mark Thompson says with more than 960GWh of lithium-ion battery capacity using graphite anode tech planned across Europe, this resource boost “sets the company up to become a major supplier to the world’s fastest growing lithium-ion battery markets”.
The estimate also includes a maiden mineral resource for the new Nunasvaara East discovery, the delineation of which continues to support the high continuity of graphite grade between known deposits.
Vittangi graphite deposits remain open along strike and at depth, with further drilling planned to underpin continued resource growth.
Talga is progressing towards commercial production of its flagship green active anode material, Talnode-C, having recently opened the first lithium-ion battery anode plant in Europe and reaching a crucial milestone in the permitting process for its initial 19,500tpa operation.
By further defining the Vittangi deposit, Talga is boosting the expansion potential of its vertically integrated battery anode business to match future market demand.
Talga’s Swedish graphite resource inventory totals 65.9Mt at 18.6% Cg, containing 12.2Mt of natural graphite.
Yesterday AVL signed a memorandum of understanding (MOU) with North Harbour Clean Energy (NHCE), a developer of renewable energy storage projects for collaboration on development and installation of vanadium redox flow battery projects and vanadium electrolyte supply.
NHCE says the need for long duration energy storage in the Australian market is embryonic, but significant in size and that the VRFB is a proven, commercialised product that can help complement the company’s use of pumped hydro energy storage.
NHCE is also part of a group of entities involved in the $50m investment from the Australian Government to create a new business and research partnership through the Trailblazer program.
UNSW and the University of Newcastle will lead the partnership, working with 27 industry partners which includes NHCE.
The MOU is non-exclusive and is valid for a period of two years and may be terminated by either party on giving notice of at least one month.
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