Cobalt

Talga wholly owns highly prospective battery metal projects in Sweden with a focus on cobalt, separate to the Company's core graphite projects. Talga believes these have high potential for the supply of European battery metals, and is seeking commercial opportunities via strategic partners or JV partnerships for these projects.

Kiskama Copper-Cobalt Project

Favourably located in proximity to transport links to smelters, the Kiskama Copper-Cobalt Project has a total JORC 2012 resource of 7.7Mt @ 0.25% Cu, 0.04% Co, 0.36% CuEq. Kiskama is considered Sweden's largest cobalt deposit and its railway access links to the operating Europe’s largest operating copper-gold mine, Aitik. 

Kiskama Copper-Cobalt Project – JORC (2012)

Exploration History

Historic drilling (101 drillholes for 13,836m) tested only 1km strike of the 7km cobalt-copper-gold zone, with some significant intercepts including 36m at 0.11% Co, 0.27% Cu and 0.13g/t Au, 40m at 0.09% Co, 0.24% Cu and 0.14g/t Au including 28m at 0.11% Co and 42.2m at 0.10% Co and 0.41% Cu.

The maiden 2012 JORC compliant Inferred resource (ASX:TLG 21 August 2019) was estimated to total 7.7Mt @ 0.25% Cu, 0.04% Co, 0.36% CuEq (0.1% CuEq cut-off1, 2.7t/m3, 20% geological loss) based predominantly on the historical drilling, without any extensions or targets such as the large K2 conductor discovered in February 2019.

A high-level Whittle™ pit optimisation returned an optimal open-pit shell containing 4.2Mt @ 0.3% Cu, 0.05% Co, 0.45% CuEq. 

The maiden JORC-compliant mineral resource estimate for Kiskama has achieved a solid base from which to lift the project. Additionally the scope for defining new and higher grade zones is considered high, both along strike and down dip, including the newly identified large geophysical conductor “K2” located 600m to the east, and along the 7km strike magnetic target zone to the south of the current resource.

Other Cobalt-Copper-Gold Projects

In addition to Kiskama Talga owns other high grade copper-cobalt-gold projects in north Sweden at an earlier stage of exploration including the Aitik East Project. 

Aitik East is located 25km east from Aitik has been explored only by surface sampling to date, with outcrop rock sample assay highlights including 4.8% Cu, 1.2g/t Au, 66g/t Ag, 0.6% Mo plus anomalous levels of Tellurium and Bismuth.