Talga hopeful with maiden resource estimate for Swedish project

MINING.COM Staff Writer | August 22, 2019 | 6:20 am Exploration Europe Cobalt Copper

Mark Thompson, Talga Resources managing director. Photo by Talga Resources.

Talga Resources (ASX:TLG) announced a maiden JORC Mineral Resource Estimate for its Kiskama copper-cobalt deposit, located 40 kilometres east of Kiruna in northern Sweden.

In a press release, the Australian company said the maiden resource estimate yielded 7.7Mt at 0.25% Cu, 0.04% Co, 0.36% CuEq based predominantly on historical drilling, without any extensions or targets such as the large K2 conductor discovered in 2019.

“The maiden JORC-compliant mineral resource estimate for Kiskama has achieved a solid base from which to lift the project above exploration level,” Talga managing director, Mark Thompson, said in a media statement. “In addition, the timing of its potential further development is right to match the growing need for conflict-free sources of critical minerals, such as cobalt, to make lithium-ion batteries in Europe.”

According to Thompson, Talga will now seek partners to further explore and develop the project.