(MENAFN - ProactiveInvestors - Australia) Talga Resources (ASX: TLG) is scheduled to this month start its maiden 3,800 metre diamond core drilling program at the Raitajrvi graphite project in Sweden.
The 31 drill hole program is targeting an increase in size and classification of the current JORC flake graphite resource that includes 49% large to jumbo size flakes.
Defining this new resource, with potential for a 10 year mine life, will allow a Scoping Study contemplating economics based upon shared processing facilities between Nunasvaara and Raitajrvi.
This allows Talga to capitalise on its strengths which include owning multiple graphite resources in a stable mining jurisdiction, and the location synergies of potential shared processing infrastructure.
In addition, the complete product suite of graphite flake sizes available from Talga's deposits will allow the company to take advantage of multiple market segments.
Historic investigations of Raitajrvi graphite concentrates indicated broadly similar grade, flake size distribution and carbon purity as the Woxna deposits in central Sweden, currently in re-development by Flinders Resources (TSXV:FDR).
This historic data has also allowed Talga to define an initial Inferred Resource of 0.5 million tonnes at 10.8% graphite calculated over about 300 metres strike and to 70 metres depth.
The resource is open both along strike and at depth with the remainder of 3,000 metre of strike yet to be comprehensively tested.