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Talga estimates maiden resource of 27,000 tonnes of copper equivalent at Kiskama

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Talga estimates maiden resource of 27,000 tonnes of copper equivalent at Kiskama

Talga Resources Ltd. released Aug. 21 the maiden resource estimate for its Kiskama copper-cobalt deposit in northern Sweden of 7.7 million tonnes grading 0.36% copper equivalent for 27,000 tonnes of copper equivalent in the inferred category, at a 0.1% copper equivalent cut-off.

The resource estimate is mostly based on historical drilling, without any extensions or targets such as the large K2 conductor discovered earlier this year.

The company will now be seeking development partners for Kiskama, as its priority is the Vittangi graphite mine, also in Sweden.

In May, Talga completed its preliminary feasibility study for Vittangi, estimating a pretax net present value of US$1.06 billion, with an 8% discount and a 55% internal rate of return, and a 1.5-year payback period.