“Talga Resources’ (ASX:TLG) predominant business currently is making lithium ion battery anodes, graphite anodes, fully-coated anodes,” says chief executive Mark Thompson.
“We have a range of those and we have our own technologies in processing and making that material.”
These operations are fed from the world’s highest grade graphite resource in Sweden.
“Our peers are really chemical companies,” emphasises Thompson, “but we just happen to have our own fantastic carbon source.”
Talga has got approval to trial mine 25,000 tonnes in Sweden, and is applying for approval to mine 100,000 tonnes per year of material which will produce around 20,000 tonnes of finished coated anode product.
“To be super clear, it’s a coated final active anode product,” says Thompson.
“That’s what battery makers buy. It’s not the raw material, it’s the final product.”
Last year, a pre-feasibility study was completed on Talga’s project, to make Europe’s first and largest supplier of lithium ion anodes.
The company has attracted in Mitsui, which may now become a significant minority partner in the project. The plan is to build enough of an off-take base to allow for the underwriting of the US$150mln needed to get the project in production.
Although there have been some effects from coronavirus-related closures, the company is still running, according to Thompson.
“We’re still sending samples out to customers,” he says.