Battery and advanced materials company Talga Group Ltd ('Talga' or 'the Company') is pleased to report further drilling results from the Company's 100% owned Vittangi Graphite Project in Sweden ('Vittangi' or 'the Project').

The Company has now received graphite ('Cg') assay results from a further six drillholes of the 56-hole program completed earlier this year (ASX: TLG 26 October 2021). The program continues to deliver world-class results, with all holes successfully intersecting the targeted graphite units at the Nunasvaara South deposit and returning very high grades far in excess of the existing ore reserve. Mineralisation remains open both along strike and at depth.

Talga Managing Director, Mark Thompson, said: 'The high grade and large scale of our 100% owned Vittangi graphite deposits are truly world class and provide a unique opportunity to make massive amounts of anode for batteries from minimal volumes of ore. Across the length of the Nunasvaara South deposit, just 1 metre depth of extracted ore can feed 1 year of planned 19,500tpa anode production. This makes Vittangi a strategically important resource for global battery manufacturing and decarbonisation efforts.'

2021 Vittangi Drill Program

The 2021 Vittangi drill program tested multiple targets of natural graphite, an EU defined 'critical mineral' and source of raw material for Talga's integrated lithium-ion battery anode production facility under development in Sweden. The initial 56 diamond drillholes for 6,790 metres were completed across strategically important development and growth targets of what is Europe's largest and the world's highest grade JORC graphite resource. Talga expects the remaining assay results from the drilling program to be received over the balance of December 2021 and early 2022.

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