TLG Discussion 2022

[JoMo68]

Yeah it is very difficult to remain calm but I think there is a strong whiff of another CR in the air. But I think it will bounce back this afternoon once day traders exit as usual on a Friday

I’ll be in. Just look at it as an opportunity for discount shares!

 

[JoMo68]

Silver lining and all that…

 

[WheresTheMonkey]

Hey WTM, what makes you think there is a CR coming soon? It was less than a months ago at the most recent investor webinar that MT stated we were looking good for cash (for now) as they planned on progressing somewhat leaner in the spend side.

Absolutely a CR will come if the SC doesn’t pull their entire forearm (including knuckles and all fingers) out in the next few months however I was of the “impression” we had a few more months reserve up our sleeves.

Just curious as to why you think the CR will possibly happen so soon?

Either way as I have stated before, a CR at ~50c with 40m-50m shares dilluted is still sweet FA in the scheme of things considering how close we are to major announcements following a positive SC outcome.

Nowhere on the ASX will we find a company with so much upside (should the SC outcome be favorable) and so close to that being realized that only has >400m share in offer.

I dunno.............I can feel it.........almost smell it.............................

Always be ready to cope with the unexpected

 

[BigDog]

I dunno.............I can feel it.........almost smell it.............................

Always be ready to cope with the unexpected

Not a bad approach, then you can only be surprised by the positive.

I am the quintessential dreamer (Willy Loman if you will) so I’ll remain optimistic yet again and drown my sorrows if/when the time comes…. It can be somewhat fun and a relief to do so

 

[WheresTheMonkey]

Not a bad approach, then you can only be surprised by the positive.

I am the quintessential dreamer (Willy Loman if you will) so I’ll remain optimistic yet again and drown my sorrows if/when the time comes…. It can be somewhat fun and a relief to do so

Yeah on days like this when the SP gets a shellacking I think one of these might be appropriate

 

[Semmel]

Vittangi Anode Project Expansion: Interim Scoping Study paves way to scale

View attachment 64109

On the meta environment, the Ann was for the extension (which trashes the current 100ktpa Anode plans). I dont know if the Ann is connected to todays share price. It might be, it might not be. It may be that the market sees anything that is an announcement and ISNT from the SC as negative and a reason to sell/short further. It may also be viewed (whether intended or not who knows?) to pump the share price for a CR, as WTM suspected. Granted, in the past, these type of Anns always came before a CR, but also , these types of Ann came without a CR following suite too. From the balance sheet and the statement that capital spending in the next quarter would be reduced compared to last one tells me that we have enough cash for now and that there is no CR coming. There probably will be one at some stage depending on the SC progress though. Who knows when they finally decide to get their act together? At this point, I am of the opinion that Talga should consider leagal action against the court. No idea if there is a law that states the law has to be applied within a reasonable amount of time or not.. but if there is such a thing, Talga could claim damages from the country of Sweden for not applying the law fast enough and causing unnecessary cost to the company. I am not a lawyer though, but I would look into that.

Lets discuss the content of the ANN real quick, ok? Not sure what others are reading but THIS IS WHAT I WANT TO SEE! Sorry for the shouting, but Yes, that is EXACTLY what Talga should do right now. They cant do anything to speed up the current process but with the CRMA hopefully lighting a fire under the Swedish system, they should go as big as possible as fast as possible. And that Ann is in preparation of exactly this.

The study is an analysis to mine one of 600ktpa ore, 1mtpa ore or 2mta ore. Contained graphite in that would be ~150ktpa, ~250ktpa or ~500ktpa. First of, this mining study is based on the currently known ore bodies (though it misses Niska Link for some reason). BUT, BUT BUT, the current known ore bodies are open at depth and at strike! So, even though the wording in the Ann is extremely conservative, this is practically a bare minimum of what is to come. Second argument, this study is only for graphite concentrate. Not for anode processing. The 600ktpa ore mining case is practically identical to our previously known Niska expansion. The other proposals are to boost that by using multiple mining parties in parallel instead of just one. Which is quite reasonable. They estimate a life of mine of 16 years for the 2Mtpa ore mining case. Which is quite ok given we probably can expand the life by many many years with the as of yet non-JORC resources that are below the current depth and beyond the current strike. We have scoped only 10% of the exploration target so far if I read the numbers right.

From a market perspective, we dont know how long into the future natural graphite will be more economical than synthetic graphite. With PV and wind getting vastly cheaper than coal and soon gas power, it seems to me that the cost of synthetic graphite is trending down with the cost of power. As such, we should look into expanding our production as fast as possible to run in front of this cost reduction in order to capture margin while it is still available. Also, I am looking at the Swedish system and I can only shake my had how they prevent businesses to do anything. So it seems there is no advantage whatsoever to take small steps in expanding the production. As Talga, it makes sense to go as big as possible given the ore body. And that means, I am in favor of the 2Mtpa mine. I have voiced that for a long time now and I think Talga is doing the exact right thing here. Go big. I also like that they have not given up on making arrangements for the Sami, despite the shit they give Talga. The Sami and environmentalist antis are like toddlers on an international scale. You cant expect them to understand the consequences of their actions when looking further than their own feet.

Personal opinion, Talga is doing exactly right here!

 

[brewm0re]

Wow, being slammed at the moment!! Working hard to maintain a sense of calm I still firmly believe we’ll be ok in the end, but boy it’s been a bumpy ride! Patience is clearly a virtue!!!

The Orange Lawyer will be scooping up some dirt cheap shares via unknown entities.

On the meta environment, the Ann was for the extension (which trashes the current 100ktpa Anode plans). I dont know if the Ann is connected to todays share price. It might be, it might not be. It may be that the market sees anything that is an announcement and ISNT from the SC as negative and a reason to sell/short further. It may also be viewed (whether intended or not who knows?) to pump the share price for a CR, as WTM suspected. Granted, in the past, these type of Anns always came before a CR, but also , these types of Ann came without a CR following suite too. From the balance sheet and the statement that capital spending in the next quarter would be reduced compared to last one tells me that we have enough cash for now and that there is no CR coming. There probably will be one at some stage depending on the SC progress though. Who knows when they finally decide to get their act together? At this point, I am of the opinion that Talga should consider leagal action against the court. No idea if there is a law that states the law has to be applied within a reasonable amount of time or not.. but if there is such a thing, Talga could claim damages from the country of Sweden for not applying the law fast enough and causing unnecessary cost to the company. I am not a lawyer though, but I would look into that.

Lets discuss the content of the ANN real quick, ok? Not sure what others are reading but THIS IS WHAT I WANT TO SEE! Sorry for the shouting, but Yes, that is EXACTLY what Talga should do right now. They cant do anything to speed up the current process but with the CRMA hopefully lighting a fire under the Swedish system, they should go as big as possible as fast as possible. And that Ann is in preparation of exactly this.

The study is an analysis to mine one of 600ktpa ore, 1mtpa ore or 2mta ore. Contained graphite in that would be ~150ktpa, ~250ktpa or ~500ktpa. First of, this mining study is based on the currently known ore bodies (though it misses Niska Link for some reason). BUT, BUT BUT, the current known ore bodies are open at depth and at strike! So, even though the wording in the Ann is extremely conservative, this is practically a bare minimum of what is to come. Second argument, this study is only for graphite concentrate. Not for anode processing. The 600ktpa ore mining case is practically identical to our previously known Niska expansion. The other proposals are to boost that by using multiple mining parties in parallel instead of just one. Which is quite reasonable. They estimate a life of mine of 16 years for the 2Mtpa ore mining case. Which is quite ok given we probably can expand the life by many many years with the as of yet non-JORC resources that are below the current depth and beyond the current strike. We have scoped only 10% of the exploration target so far if I read the numbers right.

From a market perspective, we dont know how long into the future natural graphite will be more economical than synthetic graphite. With PV and wind getting vastly cheaper than coal and soon gas power, it seems to me that the cost of synthetic graphite is trending down with the cost of power. As such, we should look into expanding our production as fast as possible to run in front of this cost reduction in order to capture margin while it is still available. Also, I am looking at the Swedish system and I can only shake my had how they prevent businesses to do anything. So it seems there is no advantage whatsoever to take small steps in expanding the production. As Talga, it makes sense to go as big as possible given the ore body. And that means, I am in favor of the 2Mtpa mine. I have voiced that for a long time now and I think Talga is doing the exact right thing here. Go big. I also like that they have not given up on making arrangements for the Sami, despite the shit they give Talga. The Sami and environmentalist antis are like toddlers on an international scale. You cant expect them to understand the consequences of their actions when looking further than their own feet.

Personal opinion, Talga is doing exactly right here!

You nailed it Semmel. I've thought go big as well, especially after all this zig-zagging through the pathetic court system. And MT alluded to this in the last webinar about ramping right up. Funnily, I thought when reading the ANN "Semmel might like the ~425ktpa", as you have said to go bold even before the many people had the psyche of 'lets tread lightly to not disrupt the Samii and mushroom strokers.' There's no point now going so conservative. TLG has played too nice for far too long as the piss taking is on another level with the Swedish legal system. My money is most legal systems are just as bad though! I'm happy with the ANN, despite the erratic sp getting smacked about.

 

[cosors]

... At this point, I am of the opinion that Talga should consider leagal action against the court. No idea if there is a law that states the law has to be applied within a reasonable amount of time or not.. but if there is such a thing, Talga could claim damages from the country of Sweden for not applying the law fast enough and causing unnecessary cost to the company. I am not a lawyer though, but I would look into that.

...

Talga should consider taking legal action against the municipality of Lulea in particular. Talga could have built long ago if the administration had not permanently held up the construction site due to procedural errors. Of course, I don't know the details, but the loop of award, error, appeal, stop and new tender has the effect of sabotage*. I also don't have the slightest idea where the assignment stands at the moment, whether it's a new tender or a new nomination or whatever.
I can't gather anything from the minutes. They discuss a lot of things, but not this.
I suspect that nothing at all has happened in the industrial park in the past five months.

https://www.lulea.se/samhalle--utveckling/aktuella-projekt/hertsofaltet--en-del-av-lulea-industripark.html

*I am not saying that it is sabotage but has the effect of from my point of view.
So far, it has been possible to compensate for this somehow and run things in parallel. And I was a bit amused about it back then. But now even the project manager is annoyed or sad. I have no understanding whatsoever for these processes and it should be the least that this matter is cleared up by an investigation and explained transparently.
I'm surprised that I haven't read a word from Talga about this.
It is actually normal for companies to show the construction site with pride. At the moment I can't tell you anything about the status of Talgas work progress with Nyab, no matter how hard I search.


actual status:
"New setback for the municipality's industrial investment at Hertsöfältet
The procurement of a contractor for the earthworks at Hertsöfältet has hit a snag again, as the latest award decision has also been appealed.

The procurement of a contractor for the ground works at Hertsöfältet has hit a snag again, as the latest award decision has also been appealed to the Administrative Court in Luleå.

Luleå
2024-05-17

Once again, the municipality's award decision for the contractor for the groundwork on Hertsöfältet has been appealed to the Administrative Court in Luleå. The municipality's project manager for Luleå Industrial Park sounds sad when we reach him by phone."We still thought we had done everything we could. It felt sad, says project manager..." rbPW

https://kuriren.nu/nyheter/lulea/artikel/tvarnit-for-hertsofaltet-upphandling-overklagad-igen/r0qgexqj

 

[cosors]

...another article about the process one step back. You already know the introductory sentences. I'm just posting it again because Google Search tags this photo to this article. Do you recognise her? She's the one who won't decide to take a clear position (Sammeli) and speaks of limbo. I could not find out whether her namesake from the same party, who also does not want to position himself, belongs to the same family.
I'd love to be able to read all the articles to get an idea what's exactly going on, but it's the same old problem.

2024-05-07
"New contractor appointed for Hertsöfältet - again
During Monday's meeting, the municipality's working committee decided to once again award the contract for Hertsöfältet to Civil Works Nordic. Is it perhaps the third time lucky?"

How happy and satisfied she looks.) Of course, I have no idea why the journalist mounted this picture in this way.

Nygammal entreprenör utsedd för Hertsöfältet – igen

Under måndagens möte beslutade kommunens arbetsutskott att återigen tilldela Civil Works Nordic entreprenaden för Hertsöfältet. Är det månne tredje...

kuriren.nu

I don't want to imply or suggest anything.
It's just that I see her boldly in this picture adressing one of the brakes Talga is confronted with, that the city doesn't manage to nominate formally correctly and always makes a next mistake somewhere that the other side discovers and exploits and raises appeals. And this lady virtually predicted it by expressing the fear that the industrial project would would end up in limbo.
I have to get a new roll of aluminium foil I know WTM, you've already encouraged me to see it differently.

The project is sowing division among the Social Democrats in Norrbotten County. According to Norrbottens-Kuriren, Luleå city councillor C. Sammeli. and county chairman F. L. Sammeli do not yet want to take a clear position - ‘but at the same time express concern that the industrial project will end up in limbo’.
https://www.fokus.se/veckans-brak/v...republiken-mot-begavningssvaga-batteribossar/

___
If I lived in Lulea, I would ask her whether she is in favour of climate protection, the Green Transition, the Green Deal, independence from raw materials, electrification and the new prosperity in her town or whether she does not want to take a position. It could all be wrong.
What a ...

 

[cosors]

I apologise. I have deleted the posts again. I had found it on the phone and it was listed as current on Google. Now on the PC I see that it's exactly from last year. I thought it had taken place now, again.
So the hope that local politicians with a narrow view will wake up is also dashed. They had read it and realised what it is all about and still didn't come to their senses.
Please excuse my mistake.

 

[cosors]

Too long to post here as text:

"Trust and trade-offs: How to manage Europe’s green technology dependence on China​

...
About the authors
Alexander Lipke is the programme coordinator in the ECFR Asia programme, specialising in international economic matters and Korea.
Janka Oertel is the director of the ECFR Asia programme, focusing on Chinese foreign and economic policy, EU-China relations, and green and digital transitions.
Daniel O’Sullivan is a former intern with the ECFR Asia programme."

Trust and trade-offs: How to manage Europe’s green technology dependence on China

European policymakers need to answer the ‘trust question’ of how far they want Chinese companies involved in green industries such as solar energy, batteries, and electric vehicles.

ecfr.eu

_____
side note, randomly any source:
"The Chinese defence minister, D. J., has warned that anyone who dares pursue independence for Taiwan will be “crushed to pieces” and face “destruction”, as he accused external forces of dragging the island into “a dangerous situation”."

China’s defence chief repeats threat of force against Taiwanese independence

Dong Jun rails at length about democratic island’s ‘separatists’ during Shangri-La Dialogue defence conference in Singapore

www.theguardian.com

 

[DAH]

@curiousmagpie

Just bringing your query over...

I can't be relied upon here, but my personal take was the charted Talphite is the finished precursor from the site contractor, which is then enhanced at the refinery for customer products. I'm confident the SS will paint a much better picture for any potential decisions you're considering. Cheers

 

[Semmel]

This study addresses the expansion potential of mining and processing at mine site only, not refining (Lulea). Eg:


View attachment 64140

And looking at the assumptions:

View attachment 64138

I'm confused by this table. Is the company saying that Talphite is the end product from the mine and concentrator?

My understanding is that at the mine they'd produce a graphite concentrate, and anything more specialised from there would be done in Lulea after it gets trucked from the mine.

From what I can tell Talphite is a purifed graphite concentrate, a step between a more rough concentrate (like Syrah sell for US$600/t) and anode.
So if it's a specialised high purity concentrate is it made at the mine concentrator or at a part of the refinery process?
And if the latter, why would they put the $4,000/t sales price in this table as a "mine optimisation product" if it is not being made at the mine?
Or is it being made at the mine for a cash cost of US$600/t (according to table 4 below)?



View attachment 64139


The Talga website says little, but this:

View attachment 64141



Help. I'm confused.

I dont have a good answer for your question. It seems that Talphite is the common precursour for all of Talgas products, but I am not sure. It definately seems to be a level above Graphite concentrate. And as you state, it does seem to be an accounting value to gauge the investment into the mine.

I think the core question you ask is: why build an Anode refinary for 10x the cost of the mine when the added value to the graphite is only 3x increase?

I dont know for sure, but there might not be any customers that would buy Talphite for the given price. Also, it seems that the Talnode-C process depends on the crystal structure properties of Talphite, which means the Anode factory cannot use any other source but the mine to produce Talnode-C. So as Talga is its own, sole customer, the value of Talphite is just there to separate the mine investment from the refinary investments. It seems we can use Talphite for multiple different products, which makes sense to put the breaking point at this level.

So by putting a dollar value onto Talphite, its possible to pursue funding for the mine separately from funding for the refinary. At moment, in our first stage, it is completely connected and Talga cant for instance find funding for the refinary while the mine has no permit. Its all or nothing. With putting Talphite in between, they can split funding and project investments. They can split the feedstock of Talphite to different types of refinaries (Talnode-C, Talnode-Si, Talphene, Its cathod additive where I forgot the name).

What I dont think is that they can sell it for $4k/t on the open market because there is no open market for it.

 

[cosors]

Vittangi Anode Project Expansion: Interim Scoping Study paves way to scale

View attachment 64109

I can't remember it ever being so quiet.
I looked over there to see a quiet place too and found this nice post with plausible content. Thanks nutteee I really appreciate it!

""The interim report is likely for the submission stage to become a strategic project under the CRMA. During the info day that was live-streamed to show companies how to apply, one requirement was: "Summarise the project's financing including foreseen capital expenditure (CAPEX) and operational expenditure (OPEX) at different project development stages."

0.6Mtpa total: €527.7m
1Mtpa total: €717.3m
2Mtpa total: €1,067.1m

The application form also shows that company representatives will have the opportunity to discuss the financial needs of their project with the CRM Board's dedicated sub-group on project financing. How would this be possible without some sort of DFS/scoping study?

"Anode precursor concentrate output up to ~425,000tpa at a mining rate of 2Mtpa"



I believe these numbers will demonstrate to the CRM Board, loud and clear, that Talga represents the EU's greatest opportunity to reduce their supply chain risks and dependence on other countries for anode/graphite. One high quality project has the potential to take a significant bite and help achieve their target of 10%.



The exact date for applications to close is the 22nd of August. The full study is planned to be completed in Q4, around the same time that strategic projects are announced. So no, I wouldn't say this was a fluff announcement. It also provides shareholders with some valuable insights on just how large the expansion stages can become."


an interesting view from someone, a share holder"

____
Interesting view indeed! Whoever it may be.
Sometimes the obvious is the most likely explanation.
Maybe to make it an official document for the application papers it goes through the ASX once or this ann was a by-product so to say.

 

[JNRB]

I can't remember it ever being so quiet.
I looked over there to see a quiet place too and found this nice post with plausible content. Thanks nutteee I really appreciate it!

""The interim report is likely for the submission stage to become a strategic project under the CRMA. During the info day that was live-streamed to show companies how to apply, one requirement was: "Summarise the project's financing including foreseen capital expenditure (CAPEX) and operational expenditure (OPEX) at different project development stages."

0.6Mtpa total: €527.7m
1Mtpa total: €717.3m
2Mtpa total: €1,067.1m

The application form also shows that company representatives will have the opportunity to discuss the financial needs of their project with the CRM Board's dedicated sub-group on project financing. How would this be possible without some sort of DFS/scoping study?

"Anode precursor concentrate output up to ~425,000tpa at a mining rate of 2Mtpa"



I believe these numbers will demonstrate to the CRM Board, loud and clear, that Talga represents the EU's greatest opportunity to reduce their supply chain risks and dependence on other countries for anode/graphite. One high quality project has the potential to take a significant bite and help achieve their target of 10%.



The exact date for applications to close is the 22nd of August. The full study is planned to be completed in Q4, around the same time that strategic projects are announced. So no, I wouldn't say this was a fluff announcement. It also provides shareholders with some valuable insights on just how large the expansion stages can become."


an interesting view from someone, a share holder"

____
Interesting view indeed! Whoever it may be.
Sometimes the obvious is the most likely explanation.
Maybe to make it an official document for the application papers it goes through the ASX once or this ann was a by-product so to say.

Yeah one of the more insightful posts, I hadn't really thought about it in that context. It's one thing to hint at shareholders you're gonna go big, but if you want to get money for it, makes sense you need to start showing some sort of formalisation of that plan.

It's exciting stuff though. And even more exciting to think we can actually go even bigger. These scenarios are just based on where we're at currently with defining the resource/reserves.

And still at 20% grade

 

[curiousmagpie]

Very little positivity to be gained from this new presentation deck.

https://talgagroup.eu-central-1.linodeobjects.com/app/uploads/2024/06/06145847/20240606EurozGraphiteAnode_ASX.pdf

1. Silicon plans dropped off the slide deck? Not even mentioned on the Technology opportunity page. Doesn't look promising at all
2. Giving away company equity in discussion (slide 10) when previously told project equity only
3. Capital raise roadshow clearly underway. Last time they did the Euroz forum (Jan 23) the raise happened 3 weeks later. Share price was around $1.70 at the time, heady days.

Meanwhile the founder has got himself another job.

Really struggling for anything good at all here. I know the supreme court tardiness has caused a lot of damage but how long can you take Mark Thompson's word for it that "she'll be right". Looks terminal sadly.

 

[JNRB]

Very little positivity to be gained from this new presentation deck.

https://talgagroup.eu-central-1.linodeobjects.com/app/uploads/2024/06/06145847/20240606EurozGraphiteAnode_ASX.pdf

1. Silicon plans dropped off the slide deck? Not even mentioned on the Technology opportunity page. Doesn't look promising at all
2. Giving away company equity in discussion (slide 10) when previously told project equity only
3. Capital raise roadshow clearly underway. Last time they did the Euroz forum (Jan 23) the raise happened 3 weeks later. Share price was around $1.70 at the time, heady days.

Meanwhile the founder has got himself another job.

Really struggling for anything good at all here. I know the supreme court tardiness has caused a lot of damage but how long can you take Mark Thompson's word for it that "she'll be right". Looks terminal sadly.

400ktpa

 

[curiousmagpie]

400ktpa

I can’t see it happening any more to be honest. A $200m company is not going to be able to fund $10bn+ in capex. Lucky to get Vittangi built without homeopathic dilution to current shareholders

 

[Diogenese]

I can’t see it happening any more to be honest. A $200m company is not going to be able to fund $10bn+ in capex. Lucky to get Vittangi built without homeopathic dilution to current shareholders

Very little positivity to be gained from this new presentation deck.

https://talgagroup.eu-central-1.linodeobjects.com/app/uploads/2024/06/06145847/20240606EurozGraphiteAnode_ASX.pdf

1. Silicon plans dropped off the slide deck? Not even mentioned on the Technology opportunity page. Doesn't look promising at all
2. Giving away company equity in discussion (slide 10) when previously told project equity only
3. Capital raise roadshow clearly underway. Last time they did the Euroz forum (Jan 23) the raise happened 3 weeks later. Share price was around $1.70 at the time, heady days.

Meanwhile the founder has got himself another job.

Really struggling for anything good at all here. I know the supreme court tardiness has caused a lot of damage but how long can you take Mark Thompson's word for it that "she'll be right". Looks terminal sadly.

It is disappointing to see the commercial sabotage being allowed by the slowness of the court and the off-handed administrative dismissal of the request for expedited hearing. Maybe they can impose an administrative delay in climate change.

I don't see the absence of Talnode-Si as an abandonment of Talnode-Si. I think it will be our premier product. 100% Talnode-Si has been shown to have 50% of the theoretical energy density of a full Si anode.

27 December 2022

Battery anode and materials company Talga Group reported that recent testing by a global Tier-1 EV manufacturer of unblended Talnode-Si—demonstrated ~5x the energy capacity of graphite-only commercial anodes (1,800mAh/g vs 360mAh/g). Talnode-Si is a composite of graphite, graphene and ~50% silicon designed to boost battery energy capacity when blended into existing commercial graphite anode materials.

Testing of unblended Talnode-Si silicon anode material shows ~5x energy capacity of graphite-only anodes - Green Car Congress

https://www.greencarcongress.com/2022/12/20221227-talnode.html

Testing of unblended Talnode-Si silicon anode material shows ~5x energy capacity of graphite-only anodes

Maybe there are separate talks with a global EV manufacturer or two.

20221214 https://mining.com.au/talga-plans-t...duce-silicon-anode-for-lithium-ion-batteries/

Recent qualification and pilot trials completed with a global electric vehicle (EV) manufacturer confirmed Talnode-Si’s performance under commercial cell manufacturing conditions, with lithium-ion batteries containing 9% Talnode-Si boosting battery energy capacity by around 40%. Test results of first-cycle efficiency and 500 cycle life to date also exceeded customer targets at this stage of development.

27 December 2022

Battery anode and materials company Talga Group reported that recent testing by a global Tier-1 EV manufacturer of unblended Talnode-Si—demonstrated ~5x the energy capacity of graphite-only commercial anodes (1,800mAh/g vs 360mAh/g). Talnode-Si is a composite of graphite, graphene and ~50% silicon designed to boost battery energy capacity when blended into existing commercial graphite anode materials.


As for funding the expanded project, underground mining is the long-term expansion plan, so the current market cap is not a useful yardstick.

The scoping study for Niska 20201207:
https://data-api.marketindex.com.au...y-supports-globally-significant-anode-project

...
Key outcomes from the Study demonstrate strong support for a stand-alone mine and anode refinery, with robust economics driven by high graphite resource grade, high anode product yields and vertical integration capturing full margins of the anode value chain. The Company sees the Study as an important milestone towards adding significant future anode production capacity. The Niska production, planned for 2025 onwards, when combined with the existing Vittangi Anode Project operation, would form the largest natural graphite anode producer in the world and largest anode producer outside China1.
...
Positive scoping study supports stand-alone production of ~85,000tpa anode product Talnode®-C and ~8,500tpa Talphene® for silicon anodes using Niska graphite deposits
• Niska to add to existing Vittangi Anode Project, towards total >100,000tpa anode production by 2025-26, defining path for Talga to become the largest Li-ion battery anode producer outside China2
• Favourably located in a tier-1 investment jurisdiction, Sweden, with access to low cost 100% renewable energy supply and proximity to European battery markets
• Study show robust stand-alone economic outcomes, in addition to the existing Vittangi Anode Project, including pre-tax outcomes of:
o NPV8 range of US$2.4 to $4.6 billion with base case US$3.5 billion
o Base case IRR of 47% and post-commissioning payback 1.7 years
o Base case free operating cash flow US$690 million per annum under steady state operation
• Study based on 14 year mine-life 400,000tpa underground development of in-situ 5.1Mt @ 28.7% graphite with >98% in the Indicated Mineral Resource category
• Underground development reduces surface impacts by 75% and decreases LOM operating costs - deposits remain open with significant potential to add further resources, mine-life and scale
• Existing relationships with potential strategic partners including Swedish state-owned mining and minerals group LKAB and global trading and investment company Mitsui
• Next stage work includes expansion resource drilling and studies to support lodgement of exploitation concession permits by mid-2021
...

 

[curiousmagpie]

It is disappointing to see the commercial sabotage being allowed by the slowness of the court and the off-handed administrative dismissal of the request for expedited hearing. Maybe they can impose an administrative delay in climate change.

I don't see the absence of Talnode-Si as an abandonment of Talnode-Si. I think it will be our premier product. 100% Talnode-Si has been shown to have 50% of the theoretical energy density of a full Si anode.

27 December 2022

Battery anode and materials company Talga Group reported that recent testing by a global Tier-1 EV manufacturer of unblended Talnode-Si—demonstrated ~5x the energy capacity of graphite-only commercial anodes (1,800mAh/g vs 360mAh/g). Talnode-Si is a composite of graphite, graphene and ~50% silicon designed to boost battery energy capacity when blended into existing commercial graphite anode materials.

Testing of unblended Talnode-Si silicon anode material shows ~5x energy capacity of graphite-only anodes - Green Car Congress

https://www.greencarcongress.com/2022/12/20221227-talnode.html

Testing of unblended Talnode-Si silicon anode material shows ~5x energy capacity of graphite-only anodes

Maybe there are separate talks with a global EV manufacturer or two.

20221214 https://mining.com.au/talga-plans-t...duce-silicon-anode-for-lithium-ion-batteries/

Recent qualification and pilot trials completed with a global electric vehicle (EV) manufacturer confirmed Talnode-Si’s performance under commercial cell manufacturing conditions, with lithium-ion batteries containing 9% Talnode-Si boosting battery energy capacity by around 40%. Test results of first-cycle efficiency and 500 cycle life to date also exceeded customer targets at this stage of development.

27 December 2022

Battery anode and materials company Talga Group reported that recent testing by a global Tier-1 EV manufacturer of unblended Talnode-Si—demonstrated ~5x the energy capacity of graphite-only commercial anodes (1,800mAh/g vs 360mAh/g). Talnode-Si is a composite of graphite, graphene and ~50% silicon designed to boost battery energy capacity when blended into existing commercial graphite anode materials.


As for funding the expanded project, underground mining is the long-term expansion plan, so the current market cap is not a useful yardstick.

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The scoping study for Niska 20201207:
https://data-api.marketindex.com.au...y-supports-globally-significant-anode-project

...
Key outcomes from the Study demonstrate strong support for a stand-alone mine and anode refinery, with robust economics driven by high graphite resource grade, high anode product yields and vertical integration capturing full margins of the anode value chain. The Company sees the Study as an important milestone towards adding significant future anode production capacity. The Niska production, planned for 2025 onwards, when combined with the existing Vittangi Anode Project operation, would form the largest natural graphite anode producer in the world and largest anode producer outside China1.
...
Positive scoping study supports stand-alone production of ~85,000tpa anode product Talnode®-C and ~8,500tpa Talphene® for silicon anodes using Niska graphite deposits
• Niska to add to existing Vittangi Anode Project, towards total >100,000tpa anode production by 2025-26, defining path for Talga to become the largest Li-ion battery anode producer outside China2
• Favourably located in a tier-1 investment jurisdiction, Sweden, with access to low cost 100% renewable energy supply and proximity to European battery markets
• Study show robust stand-alone economic outcomes, in addition to the existing Vittangi Anode Project, including pre-tax outcomes of:
o NPV8 range of US$2.4 to $4.6 billion with base case US$3.5 billion
o Base case IRR of 47% and post-commissioning payback 1.7 years
o Base case free operating cash flow US$690 million per annum under steady state operation
• Study based on 14 year mine-life 400,000tpa underground development of in-situ 5.1Mt @ 28.7% graphite with >98% in the Indicated Mineral Resource category
• Underground development reduces surface impacts by 75% and decreases LOM operating costs - deposits remain open with significant potential to add further resources, mine-life and scale
• Existing relationships with potential strategic partners including Swedish state-owned mining and minerals group LKAB and global trading and investment company Mitsui
• Next stage work includes expansion resource drilling and studies to support lodgement of exploitation concession permits by mid-2021
...

I'm across all the previously published stuff, bought my first Talga shares in 2017

After so much big talk and breadcrumbs and "she'll be right" but also so many lapsed MOUs and LOIs I'm treating anything they publish now as noise, unless it's a binding commercial deal. Years and years of promises without delivery. Progress yes, but nothing commercial locked in. Nothing. Sick of it. Revenue by 2027 if we're lucky, cashflow positive by 2030 if we're lucky. Burning cash and shareholder value while we wait.
I'm out of patience.

Turns out it's just another West Perth lifestyle company. I hate to say it but maybe pabs figured it out a lot quicker than me.

I realise I'm venting. I don't post at the other place (for various reasons) and will refrain from doing so this venting doesn't get a bigger audience. unfortunately it means you'll have to suffer it.

I guess I'm looking to be convinced I'm wrong but feel like now I've seen the light, I see through all of the other spin and bs. Can anyone really offer some positives rather than fantasy 400ktpa 2040 plans.