TLG - Talga Group

[Dona Ferentes]

Todays announcement has certainly sparked some buying support. Up 11% to date on heavy demand.

Talga closed at day's high of $1.59 , + 13% , and on best volume for 3 months.

 

[basilio]

Another significant announcement. Talga's graphite mine is now effectively beginning production. SP has jumped 5%

Talga's Vittangi Graphite Trial Mine Commenced

• Trial mining commenced at Niska South, part of Talga's Vittangi graphite project
• Bulk natural graphite ore from trial mine to be refined into Li-ion battery anode in customer trials for electric vehicle market
• First stage excavation reveals high grade zones at shallower depth than expected

The 2021 trial mining campaign ("Campaign") is extracting an approximate 2,500-tonne sample of natural graphite, an EU defined 'critical mineral', from the Niska South deposit of Vittangi (see Figure 2). The raw ore will be processed and refined into the Company’s flagship Li-ion battery anode product Talnode®-C, for large scale qualification trials in EV batteries

The anode product produced from this Campaign will be the first large-scale use of natural graphite from the Niska part of Vittangi since successful metallurgical testing of the drill core for the Niska Scoping Study (ASX:TLG 7 December 2020). The study considered standalone production of ~85,000tpa Talnode®-C anode and ~8,500tpa Talphene® graphene for silicon anodes to be added to existing plans for 19,500 tonnes anode per annum from Nunasvaara South (ASX:TLG 1 July 2021)

 

[basilio]

Been watching Talga with interest in the past week. Has steadily moved up almost 20% since Monday and much more since 12th Oct. Volume has gone up significantly as well. No announcements as yet and they don't normally leak.

Could be some renewed interest in their progress or perhaps an indication of a significant announcement.

 

[Dona Ferentes]

an oft-repeated refrain; from the Quarterly

Construction of Talga’s Electric Vehicle Anode qualification plant in northern Sweden continues with key anode production equipment in transit to site or nearing completion by European and Japanese manufacturers.

Global container handling delays have impacted the delivery date of the EVA’s kiln, pushing back delivery by 2 to 4 weeks. Shipping is projected to continue to experience significant disruption, however the Company expects to still meet its original timeline to start EVA commissioning in Q4 2021 with full commissioning completed in Q1 2022.

 

[basilio]

Been watching Talga with interest in the past week. Has steadily moved up almost 20% since Monday and much more since 12th Oct. Volume has gone up significantly as well. No announcements as yet and they don't normally leak.

Could be some renewed interest in their progress or perhaps an indication of a significant announcement.

See.. If you wait long enough almost every prediction can come true

Talga dropped like a hot potato directly after my last prediction. But in the last two days another surge in buyers and the SP has jumped 20%.

 

[Dona Ferentes]

Talga dropped like a hot potato directly after my last prediction.

Nice direction. Hope it holds. (That may involve fewer predictions, eh @basilio )

 

[basilio]

Nice direction. Hope it holds. (That may involve fewer predictions, eh @basilio )

I thought it would be far too obvious to be obvious regarding my "predictions"
Best idea (on past performance) is to sell out NOW and buy back when it drops 20%.

 

[Dona Ferentes]

Nice direction. Hope it holds ...

Early buying took it quickly to $1.85 in the morning, where it stayed, or above. The afternoon saw a low vol rise to $1.92 and it held near to close at 1.905 (13% up for the day). I liked the way TLG held on to the early gains

 

[basilio]

TLG has reported an MOU with another major battery anode supplier to effectively market both their products to major car companies.

Long Time Technology and Talga Battery Anode Agreement

Battery anode company Talga Group Ltd (“Talga” or “the Company”)(ASX: TLG) is pleased to advise it has entered into a Memorandum of Understanding (“MOU”) with Long Time Technology Co., Ltd (“LT Tech”), a leading manufacturer of anode materials used in lithium-ion batteries. Headquartered in Taiwan, LT Tech serves global battery customers from four production centres utilising natural and synthetic graphite (the latter manufactured with hydropower). LT Tech is a publicly traded company, co-owned by Foxconn Technology Group (“Foxconn”), a Tier 1 contract manufacturer of electronic devices and, more recently, electric vehicle platforms

https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02453054-6A1063138?access_token=83ff96335c2d45a094df02a206a39ff4

 

[Dona Ferentes]

TLG has reported an MOU with another major battery anode supplier to effectively market both their products to major car companies.

While a non binding MoU, this Anode Testing Contract looks to secure increasing volumes of materials for larger cell trials and to complete qualification programs with agreed customers. Foxconn is the 4th largest technology company in the world.

TLG is pleased to advise it has entered into a Memorandum of Understanding with Long Time Technology Co., Ltd, a leading manufacturer of anode materials used in lithium-ion batteries. Headquartered in Taiwan, LT Tech serves global battery customers from four production centres utilising natural and synthetic graphite (the latter manufactured with hydropower). LT Tech is a publicly traded company, co-owned by Foxconn Technology Group, a Tier 1 contract manufacturer of electronic devices and, more recently, electric vehicle platforms.

 

[basilio]

Two new release from Talga that keep the company of track for commercial success

1) New drilling results for their graphite tenements are showing exceptionally high grades. They are from 25 -30% plus. This will expand their reserves and ensure there is no resource brake on graphite production

2) Their EVA plant construction (Electric Vehicle Anode) is on schedule for completion and commissioning in First Quarter 2022. Despite COVID and other shipping delays they seem to have kept up their overall construction schedule.

https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02457135-6A1064685?access_token=83ff96335c2d45a094df02a206a39ff4

https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02456489-6A1064462?access_token=83ff96335c2d45a094df02a206a39ff4

 

[basilio]

Not so good news on Talga today. The discussions with Mitsui and LKAB have fallen through. SP taken a bit hit.

Tripartite LOI Update

 

[mullokintyre]

So, at what price do we think its a potential buy back in?
Its down from Donas high comments of September, and approaching the 1 .46 from August when the LCAP announcement was made.
Like the story, and traded it in and out two years ago, but it go away from me and never bothered to chase it.
Question is, at what level will the support be at which it provides a floor?
Mick

 

[basilio]

A real down day for Talga. Finished at its low point $1.48 dropping almost 18%. Essentially it seemed that one iron in the fire of joint partnerships hadn't come to fruition. Disappointing but how bad is that news ?

I don't know. Perhaps there was more to the proposed joint venture than meets the eye . I hope that TLG management can offer some bigger picture good news in the following weeks.

As background to this news however, it is worth noting that questions were raised at the AGM about how TLG was intending to finance a $1.2Billion build on their proposed 100,000 tonne a year Anode production factory.

Perhaps it time to re-check post 227 ?

2021 AGM Q&A

 

[Dona Ferentes]

yeah, well, er, um, don't fall in love with any stock. Talga are not the only graphite / graphene play. The synthetic producers seem to be in the ascendant, still. Cost, quality control. But a worse footprint in energy/ Carbon .

I was looking at NVX, another outfit pushing ahead. "[we]continue to advance conversations, sample testing and qualification programs with Samsung SDI, Sanyo-Panasonic and other major cell manufacturers and automotive OEMs under confidentiality arrangements as these companies aim to secure their supply chains for the expansive growth in US battery demand to take place in the coming years.... "

Look elsewhere, outside AU and there will be plenty of others. The TLG narrative stresses the European aspect, fair enough, and other efficiencies, but they haven't snagged the definitive cast-iron agreements. 2025 is a while away. And the big boys play hard.

Q: Does Mark still stand by the statement that no capital increases or entry of institutional investors is planned for the time being, and that financing is more likely to be provided through loans or customer participation in project costs?
A: Talga continues to carefully consider its capital and cash management options with a focus on progressing our core technologies and projects to commercialisation. Debt markets and potential customer participation present opportunities for Talga to reduce risk and collaborate with partners, however, in pursuing optimum returns for our shareholders, it is appropriate that Talga considers a full range of financing options.

Q: When does Talga plan to raise the $1 billion of capital needed to produce 100,000 tonnes of anode materially annual from 2025/2026?
A: As above, Talga's strategic plans and capital management are considered in concert by management and board, with a balance between short term funding requirements and longer term development capital.

 

[basilio]

Some good news today. The MOU with Mitsui has been broadened and extended. They seem to be going places with this prospective partnership. Certainly brightens up the picture after the previous announcement of another prospective partnership that didn't happen.


Mitsui Extends and Expands MOU with Talga

 

[Malown1]

The TLG narrative stresses the European aspect, fair enough, and other efficiencies, but they haven't snagged the definitive cast-iron agreements.

Certainly no agreements yet, but with only trial mines approved for 25,000 tonnes any agreements would be "subject to...."
Full mining applications I believe are due 2022, so this should see a lessening of 'risk' for the Vittangi project, and allow definitive offtake agreements.
TLG Anode qualifications have been undertaken for over 2 years to date with 11 major OEM's, and over 50 total customers. This puts TLG in the frontrunner position when mining granted IMHO.

For these reasons, TLG added to my tips for 2022.

Good luck all for a great 2022.

 

[basilio]

Announcement on the Vittangi mining operations. Certainly a ton more high quality graphite out there !
SP jumped well

Further Spectacular Vittangi Graphite Results

• Drilling at Talga’s Vittangi Graphite Project delivers further spectacular graphite grades
over substantial widths, with all deposits remaining open along strike and at depth

• Grades up to 50.1% graphite ("Cg") (NUS21015) returned from program that tested depth
and strike extension targets. Significant downhole intercepts include:

o 52m @ 29.0% Cg (from 128m) NUN21005 incl. 19m @ 40.0% Cg
o 38m @ 29.0% Cg (from 102m) NUN21004 incl. 15m @ 40.1% Cg
o 51m @ 28.7% Cg (from 175m) NUS21015 incl. 24m @ 35.8% Cg
o 39m @ 29.8% Cg (from 124m) NUN21002 incl. 17m @ 36.1% Cg
o 70m @ 23.7% Cg (from 58m) NUS21011 incl. 23m @ 33.2% Cg

• Balance of drill results expected during February 2022, followed by revision of ore reserves
and resources amid booming Li-ion battery anode demand

Further Spectacular Vittangi Graphite Results

 

[basilio]

The rubber hits the road. Be interesting to see how quickly 23 expressions of interest turn into commercial sales.
SP went down. There's a war about start in Europe.

Talga produces Europe’s first battery anode during EVA plant commissioning •

.Talga produces Europe’s first Li-ion battery anode during commissioning of its Electric Vehicle Anode (EVA) qualification plant in Sweden

• More than 20 battery manufacturers and automotive customers engaged to receive Talnode®-C from the EVA production for large-scale EV battery qualification and procurement processes

• EVA plant project executed on time and within budget with full commissioning expected to be completed late March 2022

Battery and advanced materials company Talga Group Ltd (“Talga” or “the Company”)(TLG:ASX) is pleased to announce the maiden production of its flagship Li-ion battery anode during commissioning of its EVA qualification plant in Luleå, Sweden. The EVA facility is understood to be Europe’s first Li-ion battery anode plant. The maiden production of Talnode®-C, as part of kiln commissioning, represents a significant step for Talga and the emerging green European battery industry. Talnode®-C has the lowest CO2-eq profile in the world for coated anode (ASX:TLG 12 August 2021). Following the completion of plant commissioning, Talnode®-C will be shipped to battery cell makers to undergo next stage commercial testing. To date, Talga has received engagements from 23 battery manufacturers and major automotive OEMs for Talnode®-C produced at the EVA plant.

Talga produces Europe's first battery anode

 

[signalFollower]

yeah I took a position and then doubled it upon the announcement today, been aware of Talga for quite some time, and I'm kind of thinking that the sell off has been overdone given it is approaching production and having saleable products and revenue