Australia's Talga Group jumps on boosting mineral resource estimate for Sweden project

Talga

27/05/2022 03:59

** Shares of Talga Group  TLG.AX  rise as much as 9.6% to
A$1.43 - set to mark their best day since March 31, if gains
hold 
    ** Battery anode maker says it has increased the mineral
resource estimate by 54% for its Vittangi graphite project in
Sweden  urn:newsml:reuters.com:*:nASX1V3Vy6
    ** Says updated mineral resource estimate reads 30.1 mln
tonnes of graphite ore at 24.1% graphite for 7.2 mln tonnes of
contained graphite
    ** Says Vittangi project remains the world's highest-grade
graphite mineral resource and the largest defined graphite
mineral resource in Europe
    ** TLG shares hit their highest since May 9
    ** Stock down nearly 20% YTD, as of last close

 (Reporting by Riya Sharma in Bengaluru)
 ((Riya.Sharma@thomsonreuters.com;))