Talga Substantially Increases Flagship Graphite Resource Size, Grade and Status

Technology minerals company Talga Resources Ltd (“Talga” or the “Company”) (ASX Code: TLG) is pleased to announce an updated JORC Mineral Resource Estimate (“MRE”) of its flagship Nunasvaara graphite deposit (“Nunasvaara”) following diamond drilling and test mining programs in the latter part of 2016. Nunasvaara forms part of Talga’s 100% owned Vittangi Graphite Project (“Vittangi”) located 50km east of Kiruna in northern Sweden.
Highlights of the Talga MRE include:
The global MRE now stands at 12.3Mt @ 25.5%Cg for 3.1Mt of contained graphite based on a 17%Cg lower cut-off.

• Represents a 25% increase in total resource tonnes and contained graphite over previous resource of 9.8Mt @ 25.3%Cg based on a 10%Cg lower cut-off.
• Maintains position as world’s highest grade graphite mineral resource2 and reflects progressive growth of deposits with minimal exploration.

87% of the global MRE now classified as Indicated

• Doubles JORC (2012) Indicated tonnage from MRE used in 2014 scoping study.
• Provides further confidence in quality and consistency of deposit.
• Enables inclusion of additional zones for mining permitting purposes and economic studies. Provides more flexible development options.

MRE includes high grade domain of 2.0Mt @ 32.6% Cg for 652,000t contained graphite based on a 30%Cg lower cut-off.

• Higher grade zone starts from surface, offering early stage boost to any development.

Mineralisation in MRE present from surface to approximately 220m depth and is open along strike and at depth.

• Provides further increase in scale and development options if required.

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