Shares in Talga Gold have jumped on the Australian Securities Exchange, after one of the Perth based miner’s Swedish graphite deposits was rated as one of the highest-grade in the world.
Talga’s flagship Nunasvaara project, with a JORC-compliant resource of 3.6 million tonnes of graphite, was ranked third in the top-tier of graphite projects in the world by Industrial Alliance Securities, in a research note released today.
Technology Metals Research’s advanced graphite projects index also rated the Nunasvaara project as the highest-grade deposit published by any public company in the world, Talga said.
Talga wholly owns seven advanced graphite projects in Sweden, and holds the option to acquire a further eleven graphite, iron and copper-gold projects from Teck Resources subsidiary TCL Sweden.
In Western Australia, the company owns the Bullfinch gold and iron project, near Southern Cross, and the Mosquito Creek gold prospect in the eastern Pilbara.
By close of trade today, Talga stocks had gained 27 per cent, trading at 66 cents.
