Battery and advanced materials company Talga Group Ltd ('Talga' or 'the Company') (TLG: ASX) is pleased to report the final suite of results from its 2021 drill program at the Company's Vittangi Graphite Project in northern Sweden ('Vittangi' or 'the Project').

Talga is building a vertically integrated operation to supply green natural graphite anode products to Li-ion battery manufacturers and automotive OEM customers. By 2031, Europe is forecast to require 1 million tonnes anode per annum (tpa), whilst global demand is projected to reach >8.3 million tpa1.

The Company's anode products are being trialled by more than 40 customers whose capacity roadmaps underscore the enormity of demand, globally and in Europe. As a result Talga is expanding its graphite mineral resources and in 2021 completed a 56-hole drill program at Vittangi (ASX:TLG 24 Nov 2021).

Final drill assay results have now been received, returning significant graphite grades, confirming a new deposit at Nunasvaara East and extending the Niska South deposit. A revision of the Vittangi JORC Mineral Resource has now commenced.

Talga Managing Director, Mark Thompson, commented: 'With the commissioning of our Electric Vehicle Anode plant (EVA) underway Talga is well advanced in its plans for vertically integrated anode production in Europe. The consistent high grades from recent drilling at Vittangi are outstanding, and our world-class Swedish natural graphite deposits clearly have room for significant further growth. We are pleased to commence upgrading the scale of resources to match fast growing global demand for cleaner, secure battery supply chains.'

Contact:

Mark Thompson

Tel: +61 (0) 8 9481 6667

About Talga

Talga Group Ltd (ASX:TLG) is building a European battery anode and graphene additives supply chain, to offer advanced materials critical to its customers' innovation and the shift towards a more sustainable world. Vertical integration, including ownership of several high-grade Swedish graphite projects, provides security of supply and creates long-lasting value for stakeholders.

Forward-Looking Statements & Disclaimer

Statements in this document regarding the Company's business or proposed business, which are not historical facts, are forward-looking statements that involve risks and uncertainties, such as estimates and statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Since forwardlooking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties. Actual results in each case could differ materially from those currently anticipated in such statements. Investors are cautioned not to place undue reliance on forward-looking statements. This announcement may not be distributed in any jurisdiction except in accordance with the legal requirements applicable in such jurisdiction. Recipients should inform themselves of the restrictions that apply in their own jurisdiction. A failure to do so may result in a violation of securities laws in such jurisdiction. This document does not constitute investment advice and has been prepared without taking into account the recipient's investment objectives, financial circumstances or particular needs and the opinions and recommendations in this representation are not intended to represent recommendations of particular investments to particular persons.

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