Talga : World-Class Drill Results Continue at Vittangi

ASX Release 9 December 2021

ASX:TLG

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Vittangi Continues to Deliver

World-Class Graphite Grades

• Spectacular graphite results continue from 2021 Vittangi depth extension and resource infill drilling. Downhole intercepts include:
• • 90m @ 30.8% Cg (from 155m) NUS21008 incl. 25m @ 40.0% Cg (from 156m)
  • 43m @ 30.9% Cg (from 154m) NUS21007
  • 36m @ 25.3% Cg (from 80m) NUS21013
  • 26m @ 37.6% Cg (from 159m) NUS21012 incl. 19m @ 42.5% Cg (from 162m)

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 (Table 1 and Figure 1) far in excess of the existing ore reserve (Table 5). 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."

These holes were designed to infill and upgrade the 'Pit 5' area of the DFS mine plan (ASX:TLG 1 Jul 2021), as well as test depth extensions of the Nunasvaara South resource. Drillhole details are in Figure 2 and Table 3, with assay details in Appendix Table 7.

Figure 1 Photos of part of NUS21008 drillcore with graphite assay results (%Cg) from 155-180m. See Table 1 Forand Appendix Table 7 for drill hole intercept details.

Talga Group Ltd ABN 32 138 405 419 ASX: TLG Germany: TGX USA: TLGRF
1st Floor, 2 Richardson St, West Perth 6005 Australia	Page 1
E: [e-mail] T: [phone] W: www.talgagroup.com

Table 1 Vittangi Graphite Project drilling significant intercept details in this report (lower cut off 10% Cg). Note all intercepts are downhole widths and are not necessarily indicative of true width. All samples submitted to ALS Global (Malå) for C-IR07,S-IR08,C-IR18 and ME-ICP06 analysis.

For personal use only

Hole		Intercept (Downhole)	Mineralisation	Sampling
Drill hole	From (m)	To (m)	Intercept (m)	Cg (%)	Max Internal
Dilution (m)
NUS21007	154.35	197.00	42.65	30.86	none
Including	177.00	192.00	15.00	39.11	none
NUS21008	155.00	245.00	90.00	30.77	0.25
Including	156.00	181.00	25.00	40.00	0.25
NUS21010	112.45	127.25	14.80	32.37	none
Including	112.45	123.45	11.00	35.44	none
NUS21012	159.00	185.15	26.15	37.61	1.00
Including	162.00	181.00	19.00	42.46	none
NUS21013	80.00	116.35	36.35	25.32	2.00
Including	93.00	104.00	11.00	37.35	none
NUS21014	127.60	138.60	11.00	19.08	1.00

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 (Table 2) 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.

Authorised for release by the Board of Directors of Talga Group Ltd.

For further information please contact:
Mark Thompson	Nikki Löf
Managing Director	Group Communications Manager
Talga Group Ltd	Talga Group Ltd
T: [phone]	T: [phone]

Figure 2 Vittangi Graphite Project drillhole and deposit locations.

For personal use only

Table 2 2021 Vittangi Diamond Drilling Targets and Assay Result Status.

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Deposit	Target	No. of Holes	Drill Metres	Assay Status
Nunasvaara South	Pit 4	Resource	6	431	Received
Nunasvaara South	Pit 5	Resource	3	720	Received
Nunasvaara South	Depth Extension	6	1,235	3 Received &
3 Pending
Nunasvaara South	Pit 4	Geotech	5	396	Pending
Nunasvaara North	Depth & Strike Extension	5	895	Pending
Niska South	Depth & Strike Extension	11	1,261	Pending
Nunasvaara East	Discovery	18	1,648	Pending
Nunasvaara North	Strike Extension	2	205	Pending

Table 3 Diamond drillhole details for 2021 program completed at the Vittangi Graphite Project. All coordinates are in Swedish Grid SWEREF(TM99) and have been located with a RTK GPS. Drill dimension for all holes excluding Niska South is NQ2, Niska South drill dimension is WL76. All drillholes have been downhole surveyed.

Borehole ID	Deposit	SWEREFF 99TM	Azimuth	Dip	EOH
Easting	Northing	Depth (m)
NUS21001		769862	7524624	94	-55	67.4
NUS21002		769871	7524592	93	-58	71.3
NUS21003	Nunasvaara South	769891	7524542	88	-52	68.0
NUS21004		769921	7524500	87	-58	77.4
NUS21005		769940	7524473	87	-64	70.1
NUS21006		769951	7524451	89	-56	76.5
NUS21007		769986	7524792	269	-39	211.5
NUS21008	Nunasvaara South	769981	7524775	269	-40	257.6
NUS21010		769963	7524816	268	-39	250.3
NUS21011		770155	7524159	51	-82	159.1
NUS21012		770008	7524290	55	-81	197.4
NUS21013	Nunasvaara South	769898	7524456	53	-66	155.6
NUS21014	769834	7524621	51	-74	188.7
NUS21015		769974	7524755	265	-45	251.5
NUS21016		769965	7524821	322	-77	282.3
NUSGT21001		769849	7524630	359	-61	85.6
NUSGT21002		769857	7524551	221	-71	66.1
NUSGT21003	Nunasvaara South	769832	7524592	283	-70	70.8
NUSGT21004		769867	7524614	119	-45	92.7
NUSGT21005		769890	7524505	1	-60	80.3
NUN21001		770493	7525827	122	-66	174.3
NUN21002		770550	7525927	129	-65	182.1
NUN21003	Nunasvaara North	770677	7526091	139	-64	161.8
NUN21004		770607	7525996	128	-73	170.0
NUN21005		770763	7526139	141	-70	207.1

For personal use only

Borehole ID	Deposit	SWEREFF 99TM	Azimuth	Dip	EOH
Easting	Northing	Depth (m)
NUN21006	Nunasvaara North	770860	7526184	143	-50	94.5
NUN21007A	770826	7526221	138	-51	110.5
NIS21001		771688	7526723	118	-45	67.85
NIS21002		771687	7526723	118	-65	104.5
NIS21003		771659	7526740	117	-59	140.7
NIS21004		771628	7526682	116	-64	137.4
NIS21005		771604	7526621	118	-70	122.3
NIS21006	Niska South	771572	7526594	119	-45	82.4
NIS21007		771555	7526605	124	-55	103.6
NIS21008		771538	7526614	119	-62	151.8
NIS21009		771714	7526766	122	-45	80.1
NIS21010		771713	7526766	120	-64	106.3
NIS21011		771683	7526783	119	-65	164.3
NUN21012		771132	7525459	92	-50	80.1
NUN21013		771079	7525459	89	-51	125.7
NUN21014		771131	7525358	88	-50	98.4
NUN21015		771082	7525359	92	-49	145.6
NUN21016		771134	7525258	92	-50	85.1
NUN21017		771073	7525259	89	-50	130.7
NUN21018		770986	7525462	31	-49	161.8
NUN21019		771012	7525504	28	-51	110.8
NUN21020	Nunasvaara East	771033	7525540	32	-50	67.0
NUN21021		771163	7525309	88	-50	53.3
NUN21022		771152	7525409	87	-50	59.3
NUN21023		771112	7525504	52	-50	50.7
NUN21024		770972	7525525	29	-50	101.5
NUN21026		770924	7525546	31	-49	86.3
NUN21028		770457	7524994	122	-49	71.5
NUN21029		770442	7524947	119	-49	74.7
NUN21030		770514	7524960	300	-50	77.2
NUN21032		771093	7525488	48	-50	68.5