The Asia Miner

JAN-MAR 2019

The ASIA Miner - Reporting Important Issues to Mining Companies in the Asia Pacific Region

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Page 39 of 51

the asia miner • volume 16 • issue 1 38 AROUND THE REGION funcঞonalised graphene product streams. Mine opঞmisaঞons were also completed with preliminary mine planning now having commenced. The PFS remains on track for delivery end of Q1 2019. Environmental study acঞviঞes concluded in the quarter included compleঞon of social and reindeer herding studies, hydrology, tails and waste tesঞng as well as mine effluent process design. Consultaঞon meeঞngs with key government and stakeholder groups as a precedent to permit applicaঞons also commenced in December 2018. Kiskama Project During the quarter a geophysical campaign was completed at Kiskama, consisঞng of Induced Polarisaঞon (IP) and Moving Loop Electromagneঞc (MLEM) with the aim of idenঞfying conductors and potenঞally finding new mineralised zones missed by historical work on the project. During the surveys, several anomalous zones were noted in field data and surveys were extended to cover the new anomalies more thoroughly, delaying the start of drilling at the project. The extensive geophysical data is currently being analysed and will assist beer targeঞng of the proposed diamond drilling program, which is now scheduled to commence in February 2019 as part of compleঞng the maiden JORC compliant cobalt-copper-gold resource at Kiskama. Talga moved to secure new exploraঞon permits over significant surface copper, cobalt and gold mineralisaঞon found in historical exploraঞon data on several prospects near Kiskama. At the Airivaara prospect, historic rock samples returned up to 0.27 per cent Co, 0.9 per cent Cu and 0.12g/t Au from a diopsidebioঞte rich unit within quartz-rich gneiss. Talga also reported on the Äijäjärvi permit where the geological survey of Sweden drilled over 12 diamond core holes between 1967-1969. Intercepts included 7.5m @ 1.57 per cent Cu from 57.3m (67001) and 5.6m @ 1.06 per cent Cu from 44.3m (67005) using a 0.7 per cent Cu cut-off. The new prospects add further size and scale potenঞal to the Kiskama copper-cobalt project. Lautakoski Project At Lautakoski, approximately 40km northwest of the town of Pajala in northeastern Sweden, Talga's follow-up drilling of a 'wildcat' electromagneঞc conductor intersected broad and consistent zones of copper and cobalt mineralisaঞon with significant alteraঞon (carbonate-K-feldsparbioঞte-scapolite) and structural deformaঞon (intense brecciaঞon). Intercepts included 91.8m @ 0.18 per cent copper and 147ppm cobalt from 14m, including 21m @ 0.34 per cent copper and 182ppm cobalt (LAU16001R). Reviews of geophysical data are underway to determine vectors for further work. AiƟk East Project During Q4 2018, Talga reported first-pass reconnaissance rock sampling results from its three wholly owned exploraঞon permits located 25km east of Boliden's Aiঞk Cu-Au mine, Europe's largest base metal mine (36Mt ore per annum). Samples returned up to 4.8 per cent copper, 1.2g/t gold, 66g/t silver, 0.6 per cent molybdenum, plus anomalous levels of tellurium and bismuth. The high grades, disseminated nature of some of the mineralisaঞon and the suite of ore minerals are encouraging and further exploraঞon acঞviঞes are planned for mid-2019. Vanadium prospect idenƟfed in Talga permits In response to the strong increase in the demand and price for vanadium, Talga completed an internal review to assess the vanadium potenঞal across its projects. As reported during the quarter, this review idenঞfied a significant vanadium prospect located in the northeast corner of the Company's Viangi Project. The vanadium target is idenঞfied by high magneঞc suscepঞbility rock units striking for a total of over 6km through Talga's 100 per cent owned tenements. Directly along this trend and adjacent to Talga's permits, ASX-listed Pursuit Minerals has recently conducted exploraঞon drilling and metallurgy test work on its Airijoki project with the aim of defining an iniঞal vanadium JORC compliant resource. Talga's project boundary comes within 200 metres of some of Pursuit's drill holes. Talga is monitoring Pursuit's acঞviঞes and depending on the on-going results obtained by Pursuit, will develop and undertake an iniঞal exploraঞon program as appropriate. Lithium-ion baery pouch cell prepared with Talnode-C anode product for tesng. Topographic image map of Kiskama Project showing new IP and MLEM geophysical survey lines

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