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Talga Group Ltd (TLG) Report Analysis

Corporate Events

Positive

Talga Group Ltd Announces Positive Permitting P...

2022-06-19 22:21:00

Talga Group Ltd. provided an update on the permitting of its 100% owned Vittangi graphite project in northern Sweden. Talga's environmental pe...

Neutral

Macquarie Group Limited, Critical Minerals Foru...

2022-06-17 09:35:00

Macquarie Group Limited, Critical Minerals Forum, Jun 27, 2022 through Jun 28, 2022. Venue: Macquarie Perth Office, Perth, Australia.

Neutral

Talga Group Ltd Presents at Critical Minerals F...

2022-06-17 09:35:00

Talga Group Ltd Presents at Critical Minerals Forum, Jun-28-2022 . Venue: Macquarie Perth Office, Perth, Australia. Speakers: Mark Edward Thom...

Positive

Talga Group Ltd Commences Graphite Trial Mine At Niska

2022-05-30 22:19:00

Talga Group Ltd. announced commencement of the final phase of trial mining at the Vittangi Graphite Project in northern Sweden. Following a su...

Neutral

Talga Group Ltd Presents at EIT Raw Materials S...

2022-04-21 16:23:00

Talga Group Ltd Presents at EIT Raw Materials Summit 2022, May-24-2022 09:30 AM. Speakers: Martin John Phillips, COO & CEO of European operations.

Neutral

The European Institute of Innovation & Technolo...

2022-04-21 14:25:00

The European Institute of Innovation & Technology, EIT Raw Materials Summit 2022, May 23, 2022 through May 25, 2022.

Positive

Talga Group Ltd Announces New Drill Program Com...

2022-04-13 22:19:00

Talga Group Ltd. announced that a new drill program has commenced at the Company's Vittangi Graphite Project in northern Sweden. The new progr...

Positive

Talga Group Ltd Announces Europe's First Li-Ion...

2022-03-30 21:21:00

Talga Group Ltd. announced the successful commissioning of its Electric Vehicle Anode qualification plant in Luleå, Sweden. The EVA, understoo...

Neutral

Informa Markets Limited, the Battery Show Europ...

2022-02-08 09:16:00

Informa Markets Limited, The Battery Show Europe, Jun 27, 2022 through Jun 30, 2022. Venue: Messe Stuttgart, Stuttgart, Germany.

Neutral

Talga Group Ltd. Announces Change of Registered...

2022-02-07 02:35:00

Talga Group Ltd. announced that effective 7 February 2022, its registered office and principal place of business will change to: Suite 3.03, L...

Positive

Talga Group Ltd Announces Further Spectacular V...

2022-02-01 21:22:00

Talga Group Ltd. reported further assay results from recent drilling at the company's Vittangi Graphite Project in northern Sweden ("Vittangi"...

Neutral

Mitsui & Co. Europe Plc Extends and Expands MOU...

2021-12-12 21:19:00

Talga Group Ltd. extended the Memorandum of Understanding with Mitsui & Co. Europe Plc The extension of the MOU to 31 August 2022 builds on di...

Positive

Talga Group Ltd to Reports Further Drilling Res...

2021-12-08 21:22:00

Talga Group Ltd. to report further drilling results from the Company's 100% owned Vittangi Graphite Project in Sweden. The Company has now rec...

Neutral

Talga Group Ltd Provides an Update on the Non-B...

2021-11-29 21:24:00

Talga Group Ltd. provided an update on the non- binding Letter of Intent (LOI) executed with Mitsui & Co. Europe Plc (Mitsui) and Luossavaara-...

Positive

Talga Group Ltd Provides Update on Progress of ...

2021-11-24 07:03:00

Talga Group Ltd. provided an update on the progress of its Electric Vehicle Anode qualification plant under construction in Sweden. The wholly...

Positive

Talga Group Ltd Reports Results from Vittangi G...

2021-11-23 21:14:00

Talga Group Ltd. reported the first assay results received from recently completed drilling at the Company's 100% owned Vittangi Graphite Proj...

Neutral

Talga Group Ltd Enters into Memorandum of Under...

2021-11-16 21:16:00

Talga Group Ltd. entered into a Memorandum of Understanding with Long Time Technology Co., Ltd. The non-binding MOU follows successful initial...

Positive

Talga Group Ltd Announces Results of Recent Exp...

2021-10-25 21:28:00

Talga Group Ltd. announced results of recent exploration activities conducted on its 100% owned graphite and copper projects in north Sweden. ...

Neutral

Talga Group Ltd Presents at South-West Connect ...

2021-10-25 11:19:00

Talga Group Ltd Presents at South-West Connect ASX Showcase, Oct-28-2021 02:30 PM. Venue: Abbey Beach Resort, picturesque South-West region, B...

Neutral

Talga Group Ltd, Annual General Meeting, Nov 25, 2021

2021-10-25 04:34:00

Talga Group Ltd, Annual General Meeting, Nov 25, 2021, at 14:00 W. Australia Standard Time. Location: QV1 Conference Centre, Theatrette Level ...

Neutral

Canaccord Genuity Corp., South-West Connect ASX...

2021-10-24 22:19:00

Canaccord Genuity Corp., South-West Connect ASX Showcase, Oct 27, 2021 through Oct 28, 2021. Venue: Abbey Beach Resort, picturesque South-West...

Positive

Talga Group Ltd Commences Trial Mining At Its 1...

2021-09-22 22:20:00

Talga Group Ltd. announce it has commenced trial mining at its 100% owned Vittangi graphite project in north Sweden. The 2021 trial mining cam...

Positive

Talga Group Ltd(ASX:TLG) added to S&P Global BMI Index

2021-09-20 00:00:00

Talga Group Ltd(ASX:TLG) added to S&P Global BMI Index

Positive

Talga Group Ltd Constructs Ultra-Low Emission B...

2021-09-13 00:23:00

Talga Group Ltd. announced that following successful completion of its Detailed Feasibility Study it has extended and expanded the Memorandum ...

Positive

Talga Group Ltd Commences Trial Mining At the V...

2021-08-31 22:17:00

Talga Group Ltd. announce it is to commenced trial mining this month at the Vittangi graphiteproject (Vittangi) in northern Sweden. The trial ...

Positive

Talga Group Ltd Announces Drilling at Vittangi ...

2021-08-30 00:14:00

Talga Group Ltd. announced the commencement of resource depth extension drilling to further explore the full potential of Europe's largest gra...

Positive

Talga Group Ltd Announces the Results of Life C...

2021-08-11 22:15:00

Talga Group Ltd. announced the results of a Life Cycle Assessment ("LCA") of Talga's lithium-ion battery anode product Talnode®-C. The LCA was...

Negative

Talga Group Ltd Appoints Global CFO and Chair o...

2021-08-01 22:24:00

Talga Group Ltd. welcome two new appointments to its executive team and Swedish Board as it progresses towards commercial production of its gr...

Positive

Talga Group Ltd Announces the Completion of the...

2021-06-30 22:21:00

Talga Group Ltd. announced the completion of the Detailed Feasibility Study for its Vittangi Anode Project in northern Sweden. The DFS results...

Positive

Talga Group Ltd Announces Positive Permitting Progress for Vittangi

2022-06-19 22:21:00

Talga Group Ltd. provided an update on the permitting of its 100% owned Vittangi graphite project in northern Sweden. Talga's environmental permit application is currently progressing through the standard permitting process with the Swedish Land and Environment Court in Umeå ("Court"). As announced on 21 April 2022, the Court has requested that public and stakeholder statements be submitted by 23 June 2022. To date, the Court has received submissions from most key stakeholders. Importantly, the regional government authority Norrbotten County Administrative Board ("CAB") stated in its submission that closure risks, as well as impacts on reindeer herding and water quality could be successfully managed, and that the Project's environmental permit could be approved with appropriate conditions. In addition, the CAB stated that a Natura 2000 permit can be granted for the Project. Further, the Swedish Environmental Protection Agency and the Swedish Agency for Marine and Water Management have advised that, following prior consultations throughout the process, they will not be making further submissions. The Swedish Transport Administration has stated that their earlier information requests have been appropriately responded to.

Neutral

Macquarie Group Limited, Critical Minerals Forum, Jun 27, 2022 through Jun 28, 2022

2022-06-17 09:35:00

Macquarie Group Limited, Critical Minerals Forum, Jun 27, 2022 through Jun 28, 2022. Venue: Macquarie Perth Office, Perth, Australia.

Neutral

Talga Group Ltd Presents at Critical Minerals Forum, Jun-28-2022

2022-06-17 09:35:00

Talga Group Ltd Presents at Critical Minerals Forum, Jun-28-2022 . Venue: Macquarie Perth Office, Perth, Australia. Speakers: Mark Edward Thompson, MD & Executive Director.

Positive

Talga Group Ltd Commences Graphite Trial Mine At Niska

2022-05-30 22:19:00

Talga Group Ltd. announced commencement of the final phase of trial mining at the Vittangi Graphite Project in northern Sweden. Following a successful first phase trial mine in Fourth Quarter 2021, the Company will now extract the balance of the permitted 25,000 tonnes of graphite ore from Talga's Niska South deposit starting early next month. The trial mine will operate under the existing permit issued by the Environmental Review Commission within the Norrbotten County Administration Board. The raw material extracted from the trial mine will provide feed for large scale battery anode sample production, including at Talga's recently commissioned Electric Vehicle Anode plant in Luleå,Sweden. The EVA plant is producing Talnode®-C anode for ongoing EV Li-ion battery qualification and customer procurement processes. The first phase of trial mining was completed safely and on schedule in Fourth Quarter 2021. The excavation confirmed the shallow and high grade nature of the Niska South graphite deposit. The similarities with the Nunasvaara deposits, over 1-3km to the south, demonstrates the consistency of this world-class graphite supply and its large-scale potential for sustainable battery manufacturing within Europe.

Neutral

Talga Group Ltd Presents at EIT Raw Materials Summit 2022, May-24-2022 09:30 AM

2022-04-21 16:23:00

Talga Group Ltd Presents at EIT Raw Materials Summit 2022, May-24-2022 09:30 AM. Speakers: Martin John Phillips, COO & CEO of European operations.

Neutral

The European Institute of Innovation & Technology, EIT Raw Materials Summit 2022, May 23, 2022 through May 25, 2022

2022-04-21 14:25:00

The European Institute of Innovation & Technology, EIT Raw Materials Summit 2022, May 23, 2022 through May 25, 2022.

Positive

Talga Group Ltd Announces New Drill Program Commences at Vittangi Graphite Project in Northern Sweden

2022-04-13 22:19:00

Talga Group Ltd. announced that a new drill program has commenced at the Company's Vittangi Graphite Project in northern Sweden. The new program builds on the results from the latest SkyTEM survey and successful 2021 Vittangi drilling. The 30-hole diamond drillhole program will test the electromagnetic ("EM") conductors and JORC exploration targets linking the Company's Niska South and Niska North resources. A revision of Talga's Vittangi graphite resources, based on the completed 2021 Vittangi drill program, is already underway and planned for completion in late Second Quarter 2022. The new drill program is expected to be completed in May 2022, after which Talga will further revise its graphite resources towards the end of 2022. The resource revisions aim to expand what is currently Europe's largest and highest-grade defined graphite mineral resource to support and optimise future anode production expansions.

Positive

Talga Group Ltd Announces Europe's First Li-Ion Battery Anode Plant Commissioned

2022-03-30 21:21:00

Talga Group Ltd. announced the successful commissioning of its Electric Vehicle Anode qualification plant in Luleå, Sweden. The EVA, understood to be Europe's first Li-ion battery anode plant, will produce large scale commercial samples of Talga's coated active anode material for battery customer qualification. The now operational plant was commissioned on time and within budget. Plant production stages includes shaping and coating to produce Talga's flagship Li-ion battery anode, Talnode®-C. The anode production process will use purified graphite concentrate from Talga's wholly- owned Vittangi graphite project, in line with the Company's vertically integrated business model. The plant will be officially launched at an event on 1 April 2022 attended by customers, government officials and local stakeholders. A community open day will be held on 2 April 2022. Large scale commercial testing is a critical stage in the EV customer procurement process for active anode material. The EVA plant represents an integral step in scaling up Talga's vertically integrated mine-to-anode business and provides the Company with a unique advantage in the fast-growing European Li-ion battery supply chain.

Neutral

Informa Markets Limited, the Battery Show Europe, Jun 27, 2022 through Jun 30, 2022

2022-02-08 09:16:00

Informa Markets Limited, The Battery Show Europe, Jun 27, 2022 through Jun 30, 2022. Venue: Messe Stuttgart, Stuttgart, Germany.

Neutral

Talga Group Ltd. Announces Change of Registered Office and Principal Place of Business

2022-02-07 02:35:00

Talga Group Ltd. announced that effective 7 February 2022, its registered office and principal place of business will change to: Suite 3.03, Level 3, 46 Colin Street, West Perth 6005, Australia.

Positive

Talga Group Ltd Announces Further Spectacular Vittangi Graphite Results

2022-02-01 21:22:00

Talga Group Ltd. reported further assay results from recent drilling at the company's Vittangi Graphite Project in northern Sweden ("Vittangi" or "the Project"). The 2021 drill program tested multiple zones of natural graphite at Vittangi, Talga's most advanced source of raw material for its low emission Li-ion battery anode products. The Company has now received assay results from a further fourteen drill holes. Drillholes successfully intersected targeted graphite units and returned significant to spectacular graphite ("Cg") grades with individual assays reaching 50.1% Cg (NUS21015). Drillholes at Nunasvaara South targeted infill and upgrading of resources, whilst drillholes at Nunasvaara North and Niska South tested depth and strike extensions which form part of Talga's JORC Exploration Targets. Assay results from the remaining 23 drillholes are expected to be received over February 2022, including results from the newly identified Nunasvaara East deposit. The results will be used to revise reserves and resources, and optimise mine and expansion plans to align with booming Li-ion battery anode demand. Authorised for release by the Board of Directors of Talga Group Ltd.

Neutral

Mitsui & Co. Europe Plc Extends and Expands MOU with Talga Group Ltd

2021-12-12 21:19:00

Talga Group Ltd. extended the Memorandum of Understanding with Mitsui & Co. Europe Plc The extension of the MOU to 31 August 2022 builds on discussions to date under the MoU agreement executed between the parties in 2020The extended MoU between Talga and Mitsui continues the intent to advance potential co-development of Talga's Vittangi Anode Project in Sweden through Joint Venture, and is expanded to include marketing, sales and partnershipopportunities across Talga's portfolio of lithium-ion battery products.

Positive

Talga Group Ltd to Reports Further Drilling Results from the 100% Owned Vittangi Graphite Project in Sweden

2021-12-08 21:22:00

Talga Group Ltd. to report further drilling results from the Company's 100% owned Vittangi Graphite Project in Sweden. The Company has now received graphite ("Cg") assay results from a further six drillholes of the 56-hole program completed earlier this year. The program continues to deliver world-class results, with all holes successfully intersecting the targeted graphite units at the Nunasvaara South deposit and returning very high grades far in excess of the existing ore reserve (Table 5). Mineralisation remains open both along strike and at depth. These holes were designed to infill and upgrade the 'Pit 5' area of the DFS mine plan, as well as test depth extensions of the Nunasvaara South resource. Drillhole details are in Figure 2 and Table 3, with assay details in Appendix Table 7. The 2021 Vittangi drill program tested multiple targets of natural graphite, an EU defined 'critical mineral' and source of raw material for Talga's integrated lithium-ion battery anode production facility under development in Sweden. The initial 56 diamond drillholes for 6,790 metres were completed across strategically important development and growth targets (Table 2) of what is Europe's and the grade JORC graphite resource. Talga expects the remaining assay results from the drilling program to be received over the balance of December 2021 and early 2022.

Neutral

Talga Group Ltd Provides an Update on the Non-Binding Letter of Intent with Mitsui & Co. Europe plc and Luossavaara-Kiirunavaraa Aktiebolag

2021-11-29 21:24:00

Talga Group Ltd. provided an update on the non- binding Letter of Intent (LOI) executed with Mitsui & Co. Europe Plc (Mitsui) and Luossavaara-Kiirunavaraa Aktiebolag (LKAB) and expiring 30 November 2021. Following advanced and productive discussions towards Vittangi project level funding, the parties at this stage were not able to complete a satisfactory transaction and the formal LOI has now lapsed. Mitsui and Talga continue to advance their project development discussions under the separate and existing Memorandum of Understanding (MOU). Talga continues to pursue existing and new financing and partnership opportunities arising from the strong global demand outlook for green battery anode.

Positive

Talga Group Ltd Provides Update on Progress of Electric Vehicle Anode Qualification Plant Under Construction in Sweden

2021-11-24 07:03:00

Talga Group Ltd. provided an update on the progress of its Electric Vehicle Anode qualification plant under construction in Sweden. The wholly owned EVA plant is being constructed within the metals research institute Swerim in Luleå, Sweden and will produce Talga's Li-ion battery anode material, Talnode-C, for large scale customer qualification trials. The EVA is understood to be the first Li-ion battery anode production plant in Europe. On-site construction activities are now well underway with structural and electrical works largely completed, and mechanical construction progressing well. The EVA integrated laboratory and production quality control modules are being assembled and installation of major anode shaping and coating equipment has commenced following milestone installation of the coating pyrolysis kiln. International shipping delays have affected some equipment delivery dates, however the Company does not expect this to impact its commissioning and production timeline. Installation of the various mechanical, chemical and electrical work packages is on track to be ready for cold commissioning to commence next month with full commissioning of the EVA in First Quarter 2022 as planned.

Positive

Talga Group Ltd Reports Results from Vittangi Graphite Project in Sweden

2021-11-23 21:14:00

Talga Group Ltd. reported the first assay results received from recently completed drilling at the Company's 100% owned Vittangi Graphite Project in Sweden. The 2021 Vittangi drill program tested multiple targets of natural graphite; an EU defined 'critical mineral' and Talga's source of raw material for its integrated Li-ion battery anode production facility under development in Sweden. The initial 56 diamond drillholes for 6,790 meters was completed across strategically important development and growth targets. First drill holes of the 2021 program at Talga's Vittangi Graphite Project return exceptional graphite grades, with downhole intercepts including: NUN21001: 50m @ 29.2% Cg (from 4m) incl. 21m @ 41.9% Cg (from 26m); NUS21002: 34m @ 27.7% Cg (from 26m); NUS21003: 24m @ 27.0% Cg (from 33m); NUS21004: 33m @ 21.0% Cg (from 24m); NUS21005: 40m @ 26.0% Cg (from 19m); NUS21006: 38m @ 25.1% Cg (from 21m). Positive drill results to underpin revision of resources and optimisation of mine plans, with balance of results expected over December 2021 and early 2022.

Neutral

Talga Group Ltd Enters into Memorandum of Understanding with Long Time Technology Co., Ltd

2021-11-16 21:16:00

Talga Group Ltd. entered into a Memorandum of Understanding with Long Time Technology Co., Ltd. The non-binding MOU follows successful initial tests of Talga's natural graphite Talnode-C product and LT Tech's synthetic battery anode products, and contains the criteria for scaled up supply and evaluation of joint anode materials and blends. Under this framework, LT Tech and Talga ("the Parties") wish to enter an Anode Testing Contract ("ATC") to secure increasing volumes of materials for larger cell trials and to complete qualification programs with agreed customers. The ATC will consider volumes, pricing, intellectual property and know-how to align the Parties' commercial goals. Talga's materials will be produced from its existing anode facilities and upcoming EVA plant in Luleå, Sweden. At the completion of anode testing, the Parties seek to enter an Anode Materials Supply Contract ("AMSC") to secure supply volume to customers at the mass production level from the Parties' respective operations. The AMSC scope will consider environmental impacts and Life Cycle Assessments of both Parties' products. Delivery destinations will be defined within nominated European and Asian markets, with supply volumes co-ordinated with the ramp up and start of Talga's commercial anode production.

Positive

Talga Group Ltd Announces Results of Recent Exploration Activities Conducted on its 100% Owned Graphite and Copper Projects in North Sweden

2021-10-25 21:28:00

Talga Group Ltd. announced results of recent exploration activities conducted on its 100% owned graphite and copper projects in north Sweden. Talga is building a vertically integrated, European-based operation to supply green Li-ion battery anode products directly to manufacturers and automotive OEMs. Talga aims to expand its supply base of battery raw materials to meet future capacity increases by pursuing exploration programs across its graphite and battery metal projects. Talga recently completed over 1,000 line kilometres of high resolution airborne "SkyTEM" geophysical surveys across the Vittangi Graphite Project ("Vittangi") and Aitik East Copper Project ("Aitik East"). This was the first large scale geophysical survey completed by Talga in Sweden and it successfully mapped electrical conductivity, magnetic and radiometric data of the projects. The SkyTEM results show the greater Vittangi graphite-bearing units are more continuous than previously recognised and has identified new zones for follow up drilling. A significant new target is located approximately 500m to the southeast of the existing Nunasvaara North resource, where a strong ~600m long conductor occurs adjacent to the planned DFS concentrator site. Previous outcrop rock sampling in this area had returned grades of up to 36.0% graphite however the area was thought to be a zone of discontinuous or faulted blocks. The SkyTEM results define the graphite unit to be far more cohesive and extensive than previously understood. This area, named Nunasvaara East, is now considered a priority target which due to its location has high potential to favourably impact future development options. Drilling at Nunasvaara East is now underway on 100m spaced sections as part of the extension stage of the Vittangi diamond drilling program. In addition, Talga added a second drill rig to complete testing of all target areas as planned by end of October 2021. Diamond core assay results from the initial stages of the Vittangi drilling program are expected in November 2021 and results from the Nunasvaara East target are expected in December. Results will be released to the market as and when they are received and interpreted, along with next stage Vittangi drilling and resource work plans. Drilling is expected to re-commence in First Quarter 2022 targeting resource upgrading and expansion at the nearby Jalkunen graphite project. Talga's strategies focus on graphite-based Li-ion battery anode development and production. The Aitik East conductor will undergo further modelling and interpretation for follow-up exploration activities including drilling, the timing of which will be determined in line with Talga's corporate strategies for its non-graphite battery metal projects in Sweden.

Neutral

Talga Group Ltd Presents at South-West Connect ASX Showcase, Oct-28-2021 02:30 PM

2021-10-25 11:19:00

Talga Group Ltd Presents at South-West Connect ASX Showcase, Oct-28-2021 02:30 PM. Venue: Abbey Beach Resort, picturesque South-West region, Busselton, Western Australia, Australia.

Neutral

Talga Group Ltd, Annual General Meeting, Nov 25, 2021

2021-10-25 04:34:00

Talga Group Ltd, Annual General Meeting, Nov 25, 2021, at 14:00 W. Australia Standard Time. Location: QV1 Conference Centre, Theatrette Level 2 250 St Georges Terrace Perth Western Australia Australia Agenda: To consider the Annual Report of the Company and its controlled entities for the financial year ended 30 June 2021, which includes the Financial Report, the Directors' Report and the Auditor's Report; to consider the Annual Report of the Company and its controlled entities for the financial year ended 30 June 2021, which includes the Financial Report, the Directors' Report and the Auditor's Report; to consider adoption of remuneration report; to consider re-election of Directors; to consider ratification of prior issue of 2020 placement shares; and to consider other matters.

Neutral

Canaccord Genuity Corp., South-West Connect ASX Showcase, Oct 27, 2021 through Oct 28, 2021

2021-10-24 22:19:00

Canaccord Genuity Corp., South-West Connect ASX Showcase, Oct 27, 2021 through Oct 28, 2021. Venue: Abbey Beach Resort, picturesque South-West region, Busselton, Western Australia, Australia.

Positive

Talga Group Ltd Commences Trial Mining At Its 100% Owned Vittangi Graphite Project in North Sweden

2021-09-22 22:20:00

Talga Group Ltd. announce it has commenced trial mining at its 100% owned Vittangi graphite project in north Sweden. The 2021 trial mining campaign is extracting an approximate 2,500-tonne sample of natural graphite, an EU defined 'critical mineral', from the Niska South deposit of Vittangi. The raw ore will be processed and refined into the Company's Li-ion battery anode product Talnode®-C, for large scale qualification trials in EV batteries. Site works include the installation of environmental monitoring systems, such as dust sampling and water treatment equipment, and fencing as well as roadworks and overburden removal with stockpiling of topsoil for rehabilitation of the 100m x 100m site at the end of the 2021 Campaign. Initial trial mine excavation revealed the target graphite mineralisation commences at shallower depth than expected, beneath only 0.5-3 metres of soil and till cover as opposed to 4-5 metres originally estimated. Visually the Niska South mineralisation is consistent with that of the high-grade graphite core in underlying diamond drillholes completed by Talga in 2019, and the Nunasvaara North/South JORC resources over 1-3km along strike to the south . Highlights of the 2019 drill results from Niska South included: 27.0m @ 22.6% Cg (from 12.0m) NUN19002, 30.2m @ 25.2% Cg (from 15.3m) NUN19003, 33.3m @ 26.3% Cg (from 25.0m) NUN19004, 29.1m @ 23.0% Cg (from 22.0m) NUN19005, 18.8m @ 27.2% Cg (from 37.7m) NUN19006, 21.2m @ 25.2% Cg (from 22.3m) NUN19007, 18.2m @ 25.4% Cg (from 10.0m) NUN19008. 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 stand- alone 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.

Positive

Talga Group Ltd(ASX:TLG) added to S&P Global BMI Index

2021-09-20 00:00:00

Talga Group Ltd(ASX:TLG) added to S&P Global BMI Index

Positive

Talga Group Ltd Constructs Ultra-Low Emission Battery Anode Production Facility and Integrated Graphite Mining Operation in Northern Sweden

2021-09-13 00:23:00

Talga Group Ltd. announced that following successful completion of its Detailed Feasibility Study it has extended and expanded the Memorandum of Understanding ("MoU") with global technology leader ABB. Talga is constructing an ultra-low emission battery anode production facility and integrated graphite mining operation in northern Sweden, using 100% renewable electricity to supply greener anode for lithium-ion batteries. According to a recent Life Cycle Assessment prepared by Hitachi ABB Power Grids, the production process of Talga's flagship anode product Talnode®-C emits 96% less CO2 equivalent (CO2-eq) than the anode material most commonly used in EV batteries today. This is equal to a reduction of approximately 2.9 million tonnes of CO2-eq per million electric vehicles1. Building on these already world-leading environmental credentials, Talga aims to electrify its underground mining operations when it reaches the expansion phase of its Swedish battery anode operations. This electrification strategy will be explored by ABB and Talga under the expanded MoU, focusing on the ABB AbilityTM eMine portfolio of solutions.

Positive

Talga Group Ltd Commences Trial Mining At the Vittangi Graphite Project in Northern Sweden

2021-08-31 22:17:00

Talga Group Ltd. announce it is to commenced trial mining this month at the Vittangi graphiteproject (Vittangi) in northern Sweden. The trial mine, operating under a three-year permit issued by the Environmental Review Commission within the Norrbotten County Administration Board (CAB), covers the extraction of 25,000 tonnes graphite ore from Talga's Niska South deposit at Vittangi.Trial mined ore will be subsequently refined into Talnode®-C, the Company's Li-ionbattery anode product for large scale production testing in the EV supply chain. This coatedhigh-performance anode product has been developed over several years by Talga to providea sustainable and European source of anode for battery manufacturers.Trial mine operations are scheduled to begin in mid-September and in this first phase of thecampaign, approximately 2,500 tonnes of graphite ore is planned to be extracted before thesite is rehabilitated for the northern hemisphere winter. Rehabilitation will use the successfulmeasures previously used in the Company's 2015-2016 trial mining campaign at its nearbyNunasvaara South deposit. The balance of the permitted 25,000 tonnes graphite ore isplanned to be accessed in 2022.

Positive

Talga Group Ltd Announces Drilling at Vittangi Enters Depth Extension Phase

2021-08-30 00:14:00

Talga Group Ltd. announced the commencement of resource depth extension drilling to further explore the full potential of Europe's largest graphite resource at Vittangi, Sweden. This is in addition to the completion this month of scheduled mine site preparation drilling at Nunasvaara South. This extension drilling will test under the existing Nunasvaara South, Nunasvaara North and Niska South graphite JORC 2012 mineral resources and begin testing the JORC-compliant Vittangi Exploration Target estimate, which currently totals 170-200Mt at 20-30% Cg. The drill results are expected to provide important information related to potential underground mining operations and future expansion programs following the Niska Scoping Study which outlined a pathway for Talga Group to become the largest Li-ion battery anode producer outside China1 by 2025-26, producing a total of more than 100,000tpa anode. The extension drilling will be completed in October 2021, with internal studies of assay results beginning in Fourth Quarter 2021.

Positive

Talga Group Ltd Announces the Results of Life Cycle Assessment of Talga's Lithium-Ion Battery Anode Product Talnode®-C

2021-08-11 22:15:00

Talga Group Ltd. announced the results of a Life Cycle Assessment ("LCA") of Talga's lithium-ion battery anode product Talnode®-C. The LCA was conducted by consulting firm Hitachi ABB Power Grids ("Hitachi") to quantify the cradle-to-gate1 life cycle environmental impact of Talnode®-C production according to ISO 14040:2006 and ISO 14044:2006 standards, whilst following the German Association of the Automotive Industry principles for data collection. The global warming potential of production of 1 kilogram of Talnode®-C is 1.477 kilogram CO2 equivalent, driven by Talga's unique high-yield graphite ore, innovative anode process and use of renewable energy. Of this total, only 14% (or 0.207 kilogram CO2 equivalent) is directly related to Talga's processes (Scope 1 emissions), while the remainder is related to emissions from external suppliers. The Company foresees significant opportunities to further reduce the environmental impact of Talnode®-C through strategic sustainable procurement. Compared to synthetic graphite anode produced in China, this is a reduction of 96% in greenhouse gas emissions, which is equivalent to a reduction of 2.9Mt of CO 2 per million EVs produced. Talga's northern Swedish location has proximity to customers and availability of low-carbon transport options, such as electric trains, providing further mine-to- customer environmental advantages past the factory gate.

Negative

Talga Group Ltd Appoints Global CFO and Chair of Swedish Board

2021-08-01 22:24:00

Talga Group Ltd. welcome two new appointments to its executive team and Swedish Board as it progresses towards commercial production of its green graphite anode products in Sweden. Talga has appointed Perth-based, senior executive Melissa Roberts as the Group's Chief Financial Officer. Ms Roberts has over 20 years' experience in the global resources industry across corporate and commercial roles, most recently with global mineral producer Iluka Resources. Melissa joined Iluka in 2009 and held a range of senior roles within the business in Commercial, Investor Relations, Business Development and Information Technology.

Positive

Talga Group Ltd Announces the Completion of the Detailed Feasibility Study for Its Vittangi Anode Project in Northern Sweden

2021-06-30 22:21:00

Talga Group Ltd. announced the completion of the Detailed Feasibility Study for its Vittangi Anode Project in northern Sweden. The DFS results confirm the Project's exceptional potential to deliver Talga's flagship green graphite anode product Talnode®-C directly to lithium-ion battery customers via a vertically integrated Mine- to-Anode operation, producing 19,500 tonnes per annum from 100,000tpa of Vittangi graphite ore over 24 years life of mine. Internationally renowned engineering firm Worley (UK) was the lead consultant and responsible for the overall co-ordination of the Study. All key areas of the DFS were executed by Tier 1 engineering consultancies with support from Talga employees and local Swedish consultants. The Study was completed to a Level 3 (± 15% accuracy) classification in terms of capital and operating allowances, and applied the highest environmental standards. In comparison to the Pre-feasibility Study, the capital expenditure estimate has increased primarily due to the incorporation of USD 153 million additional anode production equipment and processes to satisfy updated battery requirements of Talga's Tier 1 automotive customers. USD 72 million additional infrastructure was also included to facilitate substantial growth opportunities identified in the positive Niska Scoping Study. Refer to page 25 of the DFS Summary for a breakdown of the estimated Project capital cost. The Board of Directors considers that the successful DFS provides a strong platform for Talga to secure project financing and development partners, complete customer agreements and commence construction as per the development schedule. Talga is engaging with potential project development partners, including Luossavaara-Kiirunavaraa Aktiebolag and Mitsui & Co. Europe Plc where due diligence is progressing under a Letter of Intent. The lithium-ion battery market is entering a period of unprecedented demand underpinned by sharply increased production of Electric Vehicles (EV) and steady growth in Energy Storage Systems (ESS) and Computer/Cell Phone/Consumer Electronic (3C) applications. Established lithium-ion technologies dominate planned battery capacity, and as these uses predominantly graphite anodes, there is a concurrent growth in demand for new graphite anode production. Benchmark Mineral Intelligence forecasts that over the next two decades, anode demand will grow an average of ~18% compound annual growth rate. The DFS was based on the updated Nunasvaara South Ore Reserve of 2.3 million tonnes (Mt) at 24.1% graphite (Cg) estimated by Golder UK. This is an increase of 17% more tonnes over the previous Ore Reserve and represents only ~12% of the global Vittangi JORC (2012) Mineral Resource Estimate (MRE) of 19.5Mt @ 24.0% Cg. The average LOM extraction of graphite ore, and subsequent processing and refining into Talnode®-C, is based solely on this Ore Reserve. The robust, high margin operation has a forecast revenue of USD 5,352 million over 24 years life of mine. Key project metrics include an estimated pre-tax Net Present Value (NPV) of USD 1,054 million at an 8% discount rate and a pre-tax Internal Rate of Return of 30% with a pay-back period of 2.5 years from commencement of concentrator commissioning. The Vittangi Anode Project price assumptions are referenced to an extensive industry price forecast and product investigation report commissioned from price reporting agency and market intelligence publisher for the Li-ion battery supply chain, Benchmark Mineral Intelligence. Considering Talnode®- C's performance characteristics and customer feedback, BMI assessed Talnode®-C to be a high end graphite anode, positioned between its High and Mid-range reference prices for Tier 1 EV anode. Refer to page 18 of the DFS Summary for Market Demand and Supply section. Exploitation (mining) and environmental permits were submitted to relevant authorities in May 2020. Talga continues to positively engage with authorities as permits progress through the approvals process, and is not aware of any impediment to the exploitation permit applications being granted. The Company is now finalising the environmental permit for the Luleå anode refinery site. During the course of the DFS, a scoping study was completed to evaluate the potential addition of ~85,000tpa Talnode®-C production from the adjacent Niska resources. This study identified significant commercial synergies to unify deposit development and production plans to maximise potential of the Vittangi project area. This will be subject to separate studies following further discussions with customers and project development partners.

Fundamental Summary

At a high level, the metrics from Talga's Q4 financial report release were demonstrably negative. Their growth, value, and income factors indicate a poor execution and strategy, which isn't generating exciting growth. Typically, results like these translate into sustained negative momentum and strong downward pressure on stock price. Therefore, we assessed them with a rating of 53 and a UNDERPERFORM recommendation.

Talga. announced earnings results for the full year ended June 30, 2021. For the full year, the company announced sales was AUD 108,969 compared to AUD 9,349 a year ago. Net loss was AUD 19.893 million compared to AUD 13.416 million a year ago. Basic loss per share from continuing operations was AUD 0.071 compared to AUD 0.057 a year ago.

Business Description

Talga, a battery anode and graphene additives company, engages in the exploration, development, and commercialization of battery and advanced materials in Sweden, Germany, and the United Kingdom. The company also explores for iron ore, cobalt, copper, and gold deposits, as well as anodes, graphene, and graphite products. It holds interests in the Vittangi, Jalkunen, Raitajärvi, Kiskama, and other projects in Sweden. The company was formerly known as Talga Resources Limited and changed its name to Talga in November 2020. Talga was incorporated in 2009 and is headquartered in West Perth, Australia.

Sector Overview

Talga is included in the Metals & Mining according to GICS (global industry classification standard). The Metals & Mining industry is included in the Materials sector. It includes the producers of aluminum, iron, steel, gold, other diversified metals and minerals, and their related products, as well as the mining and production the above materials. Talga's industry and sector affiliation are expected to negatively affect their likelihood to overperform the market in the upcoming period, as other sectors appear more likely to benefit from the macroeconomic environment we see now.

Fundamental Highlights


Parameter Value Change Score
Assets 45.4 -25.5% 78
Liabilities 5.2 -11.2% 90
Price to Book 12.0 63.6% 95
Cash & Equivalents 31.8 -39.4% 45
Equity 40.2 -27.1% 38
EBITDA -30.1 -56.1% 40
Total Revenues -0.0 -120.1% 87
Parameter Value Change Score
Return on Equity -83.9 -31.4% 47
Net Cashflow -0.6 -101.3% 53
Capital Expenditure -8.5 -408.0% 76
Asset Turnover -0.0 -117.1% 70
Free Cashflow -0.1 -68.5% 48

* All values are TTM

The below chart reflects Talga's birds-eye view on its performance with respect to its peers, the company's fillings as reported or to a similar industry, market cap, and country of origin. While Talga's peer average final assessment score stands on 62.0, Talga's score is 53.

  •  TLG
  •  Peers average
Name Market Cap Balance Sheet Income Statement Cash Flow Rating Final Assessment mc_sort Hidden
BHP Group Limited 208.5B 58 71 75
Hold
69
69 0 1
Fortescue Metals Group Limited 55.0B 65 67 75
Hold
68
68 1 1
Newcrest Mining Limited 19.4B 52 66 57
Underperform
56
56 2 1
South32 Limited 18.7B 84 72 78
Buy
82
82 3 1
Mineral Resources Limited 9.2B 55 63 61
Underperform
56
56 4 1
Lynas Rare Earths Limited 8.3B 70 69 70
Hold
71
71 5 1
Northern Star Resources Limited 8.2B 56 56 73
Underperform
55
55 6 1
IGO Limited 7.8B 50 78 72
Hold
71
71 7 1
BlueScope Steel Limited 7.3B 85 72 52
Hold
72
72 8 1
Pilbara Minerals Limited 6.9B 86 69 86
Buy
83
83 9 1
Allkem Limited 6.9B 57 61 82
Hold
65
65 10 1
OZ Minerals Limited 6.2B 74 66 78
Hold
74
74 11 1
Evolution Mining Limited 4.8B 82 64 50
Hold
64
64 12 1
Alumina Limited 4.4B 50 79 72
Hold
70
70 13 1
OZ Minerals Holdings Pty Ltd 4.0B 84 61 50
Hold
73
73 14 1
Iluka Resources Limited 3.9B 77 60 74
Hold
68
68 15 1
Andean Resources Ltd. 3.7B 86 97 41
Buy
84
84 16 1
Coronado Global Resources Inc. 2.9B 83 74 81
Strong Buy
87
87 17 1
Nickel Industries Limited 2.8B 54 60 70
Underperform
56
56 18 1
AVZ Minerals Limited 2.8B 95 68 58
Hold
75
75 19 1
Sims Limited 2.7B 68 69 82
Hold
74
74 20 1
Zimplats Holdings Limited 2.6B 77 68 64
Hold
71
71 21 1
Liontown Resources Limited 2.4B 81 84 62
Buy
84
84 22 1
Perseus Mining Limited 2.3B 81 65 83
Hold
77
77 23 1
Deterra Royalties Limited 2.3B 77 61 75
Hold
69
69 24 1
Sandfire Resources Limited 1.9B 82 69 76
Buy
79
79 25 1
Core Lithium Ltd 1.8B 83 70 69
Hold
76
76 26 1
Chalice Mining Limited 1.5B 54 81 55
Hold
67
67 27 1
Grange Resources Limited 1.5B 65 64 73
Hold
66
66 28 1
Capricorn Metals Ltd 1.3B 86 69 82
Buy
82
82 29 1
West African Resources Limited 1.3B 87 59 66
Hold
68
68 30 1
Silver Lake Resources Limited 1.2B 66 63 58
Hold
62
62 31 1
De Grey Mining Limited 1.2B 66 47 73
Underperform
53
53 32 1
Gold Road Resources Limited 1.2B 64 67 56
Hold
63
63 33 1
Lake Resources NL 1.2B 66 73 68
Hold
71
71 34 1
Sayona Mining Limited 1.2B 66 73 68
Hold
71
71 35 1
Regis Resources Limited 1.1B 53 53 69
Underperform
50
50 36 1
Piedmont Lithium Inc. 1.1B 88 77 60
Buy
84
84 37 1
5E Advanced Materials Inc. 927.2M 47 58 61
Underperform
51
51 38 1
ioneer Ltd 867.9M 85 69 51
Hold
70
70 39 1
Syrah Resources Limited 856.9M 49 50 69
Underperform
46
46 40 1
Equigold NL 854.0M 50 65 87
Hold
67
67 41 1
Ramelius Resources Limited 828.4M 56 68 62
Hold
60
60 42 1
Vulcan Energy Resources Limited 826.7M 67 78 71
Hold
77
77 43 1
Jervois Global Limited 813.1M 78 71 54
Hold
72
72 44 1
Mincor Resources NL 808.9M 62 77 57
Hold
67
67 45 1
Imdex Limited 796.9M 71 56 74
Hold
70
70 46 1
Bellevue Gold Limited 722.0M 84 69 54
Hold
70
70 47 1
St Barbara Limited 701.5M 53 70 56
Underperform
59
59 48 1
Emerald Resources NL 679.4M 60 68 84
Hold
70
70 49 1
Red 5 Limited 671.6M 47 75 59
Hold
61
61 50 1
Boart Longyear Group Ltd. 651.0M 60 74 68
Hold
69
69 51 1
Mount Gibson Iron Limited 629.5M 48 78 64
Hold
66
66 52 1
Westgold Resources Limited 575.3M 54 65 63
Underperform
58
58 53 1
OM Holdings Limited 563.6M 84 75 82
Buy
85
85 54 1
Australian Strategic Materials Ltd 540.9M 51 74 72
Hold
67
67 55 1
Neometals Ltd 531.9M 60 72 60
Hold
65
65 56 1
Adriatic Metals PLC 528.8M 66 73 68
Hold
71
71 57 1
Argosy Minerals Limited 467.8M 66 73 68
Hold
71
71 58 1
Perenti Global Limited 461.4M 60 78 67
Hold
72
72 59 1
Champion Iron Limited 441.1M 58 71 55
Hold
64
64 60 1
Panoramic Resources Limited 420.4M 58 71 67
Hold
66
66 61 1
Hastings Technology Metals Limited 404.8M 65 68 67
Hold
68
68 62 1
Alkane Resources Limited 402.0M 78 70 68
Hold
73
73 63 1
Centaurus Metals Limited 397.2M 66 73 68
Hold
71
71 64 1
Bowen Coking Coal Limited 385.5M 66 73 68
Hold
71
71 65 1
Jupiter Mines Limited 372.2M 66 81 50
Hold
64
64 66 1
Galan Lithium Limited 362.2M 66 73 68
Hold
71
71 67 1
BCI Minerals Limited 349.8M 71 68 60
Hold
66
66 68 1
Metals X Limited 344.8M 68 87 68
Buy
82
82 69 1
Pantoro Limited 330.8M 66 73 68
Hold
71
71 70 1
Aurelia Metals Limited 327.8M 65 58 60
Underperform
56
56 71 1
Macmahon Holdings Limited 283.7M 68 65 62
Hold
66
66 72 1
Lotus Resources Limited 277.3M 66 73 68
Hold
71
71 73 1
Firefinch Limited 236.2M 66 73 68
Hold
71
71 74 1
Andromeda Metals Limited 229.8M 66 73 68
Hold
71
71 75 1

Technical Analysis

When trying to optimize the timing of an investment, it's critical to analyze whether the stock looks overbought or oversold, and in which direction the momentum is moving. Talga's stock is now priced below its 5-day, 50-day, and 200-day moving average, while its MACD (moving average convergence divergence) indicates that the stock's price movement momentum is weakening. Historically, this is a negative setup in the near, medium, and long-term. The company is trading near it's 12-month low, which signals it struggle to keep above it support price. Meanwhile, looking at the Stochastic Oscillator and RSI (relative strength index), Talga's stock indicates that it's likely oversold. Overall, these technical indicators signal negative momentum. Therefore, this stock received a cumulative TA (technical analysis) score of 37.

Bearish 37
Close Price 1.11
52W Low 1.06
52W High 2.2
5D MA 1.11
50D MA 1.35
200D MA 1.5
MACD -0.07
RSI 3.9
STOCH 23.4

Balance Sheet Analysis

A few metrics from Talga's current balance sheet were especially concerning: Equity and Cash & Equivalents. Talga management produced disappointing equity metrics this period, which stood at 40.2, representing a -27.1% change. This parameter often affects companies in the same industry and market capitalization by up to 5.9%. This performance is significantly less impressive than its peers and competitors. Its equity movement component, therefore, received a grade of 38. Also, Talga's management did a relatively poor job managing cash and cash equivalents, which now sit at 31.8 and represents a -39.4% change from the last reporting period. Their anemic growth in cash and cash equivalents, specifically in contrast to their industry peers' performance, should hurt their stock price. Consequently, their cash and cash equivalents movement received a grade of 45. On the other hand, Book Value Factors, jumped out as looking rather positive. Talga publishes impressive results related to book value factors in this report. Specifically, price to book ratio (P/B) now sits at 12.0 and represents a 63.6% change from the previous report. These book value factor numbers show that management has been prudent in focusing on efficient growth. We believe the stock price has room to grow to reflect its intrinsic value accurately. Therefore, its book value factors earned a score of 95. Therefore, the company's balance sheet earned a grade of 53.

Parameter Value Change Score
Assets 45.4 -25.5% 78
Liabilities 5.2 -11.2% 90
Price to Book 12.0 63.6% 95
Cash & Equivalents 31.8 -39.4% 45
Equity 40.2 -27.1% 38
* All values are TTM

The below chart describes Talga's performance as reflected on its balance sheet with respect to its peers. While Talga received a balance sheet score of 53, the average of its peers stands on 65.0.

  •  TLG
  •  Peers average
Name Market Cap Liabilities Movement Asset Change Equity/Intangibles Adjustments Cash & Equivalents Book Value Momentum Balance Sheet mc_sort Hidden
BHP Group Limited 208.5B 74 92 47 52 76 58 0 1
Fortescue Metals Group Limited 55.0B 83 66 68 55 69 65 1 1
Newcrest Mining Limited 19.4B 85 72 46 46 73 52 2 1
South32 Limited 18.7B 74 73 80 79 74 84 3 1
Mineral Resources Limited 9.2B 83 73 52 42 90 55 4 1
Lynas Rare Earths Limited 8.3B 74 59 77 62 68 70 5 1
Northern Star Resources Limited 8.2B 87 70 56 48 65 56 6 1
IGO Limited 7.8B 43 37 80 42 63 50 7 1
BlueScope Steel Limited 7.3B 64 75 87 90 68 85 8 1
Pilbara Minerals Limited 6.9B 87 59 81 87 56 86 9 1
Allkem Limited 6.9B 53 64 44 65 89 57 10 1
OZ Minerals Limited 6.2B 87 72 72 69 72 74 11 1
Evolution Mining Limited 4.8B 47 57 76 96 54 82 12 1
Alumina Limited 4.4B 51 69 50 46 84 50 13 1
OZ Minerals Holdings Pty Ltd 4.0B 81 62 51 97 87 84 14 1
Iluka Resources Limited 3.9B 76 66 87 69 53 77 15 1
Andean Resources Ltd. 3.7B 70 37 60 97 92 86 16 1
Coronado Global Resources Inc. 2.9B 44 56 87 85 71 83 17 1
Nickel Industries Limited 2.8B 41 44 72 50 70 54 18 1
AVZ Minerals Limited 2.8B 99 56 82 98 66 95 19 1
Sims Limited 2.7B 85 72 83 49 57 68 20 1
Zimplats Holdings Limited 2.6B 80 69 68 76 73 77 21 1
Liontown Resources Limited 2.4B 43 55 82 97 37 81 22 1
Perseus Mining Limited 2.3B 81 70 73 82 66 81 23 1
Deterra Royalties Limited 2.3B 99 79 61 75 68 77 24 1
Sandfire Resources Limited 1.9B 41 64 87 87 73 82 25 1
Core Lithium Ltd 1.8B 37 55 82 94 66 83 26 1
Chalice Mining Limited 1.5B 98 78 39 46 89 54 27 1
Grange Resources Limited 1.5B 54 70 51 71 92 65 28 1
Capricorn Metals Ltd 1.3B 69 59 81 91 65 86 29 1
West African Resources Limited 1.3B 92 56 81 92 42 87 30 1
Silver Lake Resources Limited 1.2B 69 62 62 71 57 66 31 1
De Grey Mining Limited 1.2B 44 49 79 69 48 66 32 1
Gold Road Resources Limited 1.2B 83 72 56 65 60 64 33 1
Lake Resources NL 1.2B 78 74 55 64 78 66 34 1
Sayona Mining Limited 1.2B 78 74 55 64 78 66 35 1
Regis Resources Limited 1.1B 77 74 51 48 63 53 36 1
Piedmont Lithium Inc. 1.1B 97 54 82 97 39 88 37 1
5E Advanced Materials Inc. 927.2M 44 83 54 45 37 47 38 1
ioneer Ltd 867.9M 98 56 80 86 52 85 39 1
Syrah Resources Limited 856.9M 63 75 38 46 94 49 40 1
Equigold NL 854.0M 57 46 86 50 45 50 41 1
Ramelius Resources Limited 828.4M 67 41 78 48 49 56 42 1
Vulcan Energy Resources Limited 826.7M 39 53 80 74 41 67 43 1
Jervois Global Limited 813.1M 71 71 44 94 95 78 44 1
Mincor Resources NL 808.9M 83 78 43 62 56 62 45 1
Imdex Limited 796.9M 59 69 83 61 75 71 46 1
Bellevue Gold Limited 722.0M 96 56 81 87 42 84 47 1
St Barbara Limited 701.5M 80 69 51 49 61 53 48 1
Emerald Resources NL 679.4M 51 58 80 51 57 60 49 1
Red 5 Limited 671.6M 49 45 39 55 96 47 50 1
Boart Longyear Group Ltd. 651.0M 85 79 39 60 87 60 51 1
Mount Gibson Iron Limited 629.5M 94 76 39 41 74 48 52 1
Westgold Resources Limited 575.3M 77 65 55 47 73 54 53 1
OM Holdings Limited 563.6M 84 69 84 81 50 84 54 1
Australian Strategic Materials Ltd 540.9M 44 69 55 46 84 51 55 1
Neometals Ltd 531.9M 97 77 46 50 97 60 56 1
Adriatic Metals PLC 528.8M 78 74 55 64 78 66 57 1
Argosy Minerals Limited 467.8M 78 74 55 64 78 66 58 1
Perenti Global Limited 461.4M 68 71 51 61 74 60 59 1
Champion Iron Limited 441.1M 66 49 73 47 67 58 60 1
Panoramic Resources Limited 420.4M 78 75 43 58 85 58 61 1
Hastings Technology Metals Limited 404.8M 75 72 56 67 67 65 62 1
Alkane Resources Limited 402.0M 45 56 83 88 40 78 63 1
Centaurus Metals Limited 397.2M 78 74 55 64 78 66 64 1
Bowen Coking Coal Limited 385.5M 78 74 55 64 78 66 65 1
Jupiter Mines Limited 372.2M 63 93 46 52 80 66 66 1
Galan Lithium Limited 362.2M 78 74 55 64 78 66 67 1
BCI Minerals Limited 349.8M 86 73 58 67 82 71 68 1
Metals X Limited 344.8M 90 77 50 67 80 68 69 1
Pantoro Limited 330.8M 78 74 55 64 78 66 70 1
Aurelia Metals Limited 327.8M 85 69 59 60 72 65 71 1
Macmahon Holdings Limited 283.7M 47 61 72 78 44 68 72 1
Lotus Resources Limited 277.3M 78 74 55 64 78 66 73 1
Firefinch Limited 236.2M 78 74 55 64 78 66 74 1
Andromeda Metals Limited 229.8M 78 74 55 64 78 66 75 1

Income Statement Analysis

Overall, Talga's critical income statement metrics appear to signal strong support and a high likelihood of positive growth going forward. Talga did an excellent job managing its revenue efficiency this past period. Talga's revenue efficiency is -0.0 according to the metrics in the current filing, which represents a -120.1% change from the previous report. This parameter often affects companies in the same industry and market capitalization by up to 24.0%. Their revenue efficiency, specifically in contrast to their industry peers', should support a positive movement in the company's stock price. Consequently, their revenue efficiency received a grade of 87. Also, Return factors metrics and ratios were exceptional in this report. Talga reported a return on equity (ROE) ratio of -83.9, representing a change of -31.4% from the last report. Its return factor metrics are even more remarkable when compared to their peers. Consequently, their return factors received a grade of 47. That said, one metric, EBITDA, stood out as strongly negative. Talga's EBIDTA now sits at -30.1 and represents -56.1% change from the last reporting period. This parameter coud affect companies in the same industry and market capitalization by up to 20.0%. Talga appears to be headed in the wrong direction in terms of EBITDA momentum, likely due to insufficient capital controls and a weaker than expected overall financial performance. Its EBITDA movement, therefore, received a grade of 40. As the companie's management is doing an excellent job managing the critical metrics, the income statement was given a score of 60.

Parameter Value Change Score
EBITDA -30.1 -56.1% 40
Total Revenues -0.0 -120.1% 87
Return on Equity -83.9 -31.4% 47
* All values are TTM

The below chart describes Talga's performance as reflected on its income statement with respect to its peers. While Talga received a income statement score of 60 , the average of its peers stands on 62.0.

  •  TLG
  •  Peers average
Name Market Cap Revenue Momentum Earning Movement Return Factors Momentum Income Statement mc_sort Hidden
BHP Group Limited 208.5B 64 79 79 71 0 1
Fortescue Metals Group Limited 55.0B 58 78 75 67 1 1
Newcrest Mining Limited 19.4B 95 45 48 66 2 1
South32 Limited 18.7B 47 94 95 72 3 1
Mineral Resources Limited 9.2B 94 42 44 63 4 1
Lynas Rare Earths Limited 8.3B 50 91 83 69 5 1
Northern Star Resources Limited 8.2B 48 66 68 56 6 1
IGO Limited 7.8B 98 72 48 78 7 1
BlueScope Steel Limited 7.3B 86 71 66 72 8 1
Pilbara Minerals Limited 6.9B 38 96 96 69 9 1
Allkem Limited 6.9B 46 75 74 61 10 1
OZ Minerals Limited 6.2B 48 82 82 66 11 1
Evolution Mining Limited 4.8B 94 46 43 64 12 1
Alumina Limited 4.4B 87 73 76 79 13 1
OZ Minerals Holdings Pty Ltd 4.0B 39 88 45 61 14 1
Iluka Resources Limited 3.9B 50 62 89 60 15 1
Andean Resources Ltd. 3.7B 37 89 91 97 16 1
Coronado Global Resources Inc. 2.9B 39 98 97 74 17 1
Nickel Industries Limited 2.8B 66 61 55 60 18 1
AVZ Minerals Limited 2.8B 87 63 41 68 19 1
Sims Limited 2.7B 45 90 92 69 20 1
Zimplats Holdings Limited 2.6B 94 50 52 68 21 1
Liontown Resources Limited 2.4B 87 78 91 84 22 1
Perseus Mining Limited 2.3B 42 88 83 65 23 1
Deterra Royalties Limited 2.3B 45 83 66 61 24 1
Sandfire Resources Limited 1.9B 64 73 74 69 25 1
Core Lithium Ltd 1.8B 87 47 81 70 26 1
Chalice Mining Limited 1.5B 99 65 76 81 27 1
Grange Resources Limited 1.5B 74 61 61 64 28 1
Capricorn Metals Ltd 1.3B 37 98 97 69 29 1
West African Resources Limited 1.3B 43 84 63 59 30 1
Silver Lake Resources Limited 1.2B 95 42 41 63 31 1
De Grey Mining Limited 1.2B 44 45 76 47 32 1
Gold Road Resources Limited 1.2B 94 48 49 67 33 1
Lake Resources NL 1.2B 87 62 66 73 34 1
Sayona Mining Limited 1.2B 87 62 66 73 35 1
Regis Resources Limited 1.1B 65 50 45 53 36 1
Piedmont Lithium Inc. 1.1B 87 63 68 77 37 1
5E Advanced Materials Inc. 927.2M 74 37 56 58 38 1
ioneer Ltd 867.9M 87 55 60 69 39 1
Syrah Resources Limited 856.9M 38 67 62 50 40 1
Equigold NL 854.0M 79 44 91 65 41 1
Ramelius Resources Limited 828.4M 94 51 48 68 42 1
Vulcan Energy Resources Limited 826.7M 87 67 84 78 43 1
Jervois Global Limited 813.1M 37 94 93 71 44 1
Mincor Resources NL 808.9M 98 57 59 77 45 1
Imdex Limited 796.9M 77 60 56 56 46 1
Bellevue Gold Limited 722.0M 87 44 83 69 47 1
St Barbara Limited 701.5M 93 56 53 70 48 1
Emerald Resources NL 679.4M 37 96 94 68 49 1
Red 5 Limited 671.6M 95 58 66 75 50 1
Boart Longyear Group Ltd. 651.0M 93 58 67 74 51 1
Mount Gibson Iron Limited 629.5M 99 62 66 78 52 1
Westgold Resources Limited 575.3M 84 58 43 65 53 1
OM Holdings Limited 563.6M 50 96 97 75 54 1
Australian Strategic Materials Ltd 540.9M 91 62 66 74 55 1
Neometals Ltd 531.9M 87 66 56 72 56 1
Adriatic Metals PLC 528.8M 87 62 66 73 57 1
Argosy Minerals Limited 467.8M 87 62 66 73 58 1
Perenti Global Limited 461.4M 73 81 87 78 59 1
Champion Iron Limited 441.1M 95 50 45 71 60 1
Panoramic Resources Limited 420.4M 95 50 62 71 61 1
Hastings Technology Metals Limited 404.8M 90 51 53 68 62 1
Alkane Resources Limited 402.0M 68 74 74 70 63 1
Centaurus Metals Limited 397.2M 87 62 66 73 64 1
Bowen Coking Coal Limited 385.5M 87 62 66 73 65 1
Jupiter Mines Limited 372.2M 96 46 50 81 66 1
Galan Lithium Limited 362.2M 87 62 66 73 67 1
BCI Minerals Limited 349.8M 94 47 56 68 68 1
Metals X Limited 344.8M 94 84 79 87 69 1
Pantoro Limited 330.8M 87 62 66 73 70 1
Aurelia Metals Limited 327.8M 68 58 49 58 71 1
Macmahon Holdings Limited 283.7M 88 51 48 65 72 1
Lotus Resources Limited 277.3M 87 62 66 73 73 1
Firefinch Limited 236.2M 87 62 66 73 74 1
Andromeda Metals Limited 229.8M 87 62 66 73 75 1

Cash Flow Analysis

Overall, Talga's critical cash flow metrics appear to signal strong support and a high likelihood of positive growth going forward. Talga's published capital expenditures (CapEx) numbers were encouraging and reflected management's balanced change strategy. Talga recorded CapEx of -8.5, which represents -408.0% change from the previous report. This remarkable CapEx growth is expected to reinforce upward momentum for its's stock price going forward. The company's CapEx movement, therefore, received a grade of 76. Also, Talga is doing a remarkable job of keeping its asset turnover under control. At filing, their asset turnover metrics were -0.0, representing a -117.1% change from the previous period. Companies in the same sector and market capitalization will usually be affected by up to 2.7 percent by this parameter. Their asset turnover numbers are significantly more impressive when contrasted against their peers and competitors. Therefore, its asset turnover movement earned a score of 70. That said, one metric, Free Cash flow, stood out as strongly negative. Talga's published free cash flow numbers were subpar and could mean that management has lost focus on achieving healthy growth. Talga recorded free cash flow of -0.1, which represents -68.5% growth from the previous report. Companies in the same industry and market capitalization are typically affected by this parameter by up to 4.3%. These free cash flow numbers show that management has not been executing well in generating critical cash flow while also encouraging growth. Disappointing results in free cash flow often lead to negative pressure in stock prices, so we rated their free cash flow with a score of 48. Because its management is doing an excellent job managing these critical metrics, the cash flow was given a score of 62.

Parameter Value Change Score
Net Cashflow -0.6 -101.3% 53
Capital Expenditure -8.5 -408.0% 76
Asset Turnover -0.0 -117.1% 70
Free Cashflow -0.1 -68.5% 48
* All values are TTM

The below chart describes Talga's performance as reflected on its cash flow with respect to its peers. While Talga received a cash flow score of 62, the average of its peers stands on 66.0.

  •  TLG
  •  Peers average
Name Market Cap Cashflow Momentum Free Cashflow Growth Capital Expenditure Growth Assets Factors Momentum Cash Flow mc_sort Hidden
BHP Group Limited 208.5B 70 77 80 71 75 0 1
Fortescue Metals Group Limited 55.0B 74 78 69 74 75 1 1
Newcrest Mining Limited 19.4B 58 48 63 55 57 2 1
South32 Limited 18.7B 72 86 82 75 78 3 1
Mineral Resources Limited 9.2B 58 69 54 63 61 4 1
Lynas Rare Earths Limited 8.3B 78 63 76 58 70 5 1
Northern Star Resources Limited 8.2B 70 58 54 91 73 6 1
IGO Limited 7.8B 80 73 66 57 72 7 1
BlueScope Steel Limited 7.3B 48 47 56 70 52 8 1
Pilbara Minerals Limited 6.9B 87 97 76 78 86 9 1
Allkem Limited 6.9B 75 77 70 84 82 10 1
OZ Minerals Limited 6.2B 69 97 66 73 78 11 1
Evolution Mining Limited 4.8B 54 49 61 39 50 12 1
Alumina Limited 4.4B 68 74 76 70 72 13 1
OZ Minerals Holdings Pty Ltd 4.0B 49 86 84 39 50 14 1
Iluka Resources Limited 3.9B 75 84 52 74 74 15 1
Andean Resources Ltd. 3.7B 40 55 56 37 41 16 1
Coronado Global Resources Inc. 2.9B 77 86 53 93 81 17 1
Nickel Industries Limited 2.8B 75 63 76 61 70 18 1
AVZ Minerals Limited 2.8B 60 69 76 37 58 19 1
Sims Limited 2.7B 83 98 56 82 82 20 1
Zimplats Holdings Limited 2.6B 75 77 63 44 64 21 1
Liontown Resources Limited 2.4B 59 69 76 51 62 22 1
Perseus Mining Limited 2.3B 69 94 90 83 83 23 1
Deterra Royalties Limited 2.3B 77 88 96 51 75 24 1
Sandfire Resources Limited 1.9B 73 85 63 71 76 25 1
Core Lithium Ltd 1.8B 61 69 76 72 69 26 1
Chalice Mining Limited 1.5B 53 62 84 38 55 27 1
Grange Resources Limited 1.5B 75 79 76 62 73 28 1
Capricorn Metals Ltd 1.3B 81 83 81 79 82 29 1
West African Resources Limited 1.3B 73 84 42 58 66 30 1
Silver Lake Resources Limited 1.2B 63 53 64 47 58 31 1
De Grey Mining Limited 1.2B 80 69 76 61 73 32 1
Gold Road Resources Limited 1.2B 57 57 54 50 56 33 1
Lake Resources NL 1.2B 68 69 76 60 68 34 1
Sayona Mining Limited 1.2B 68 69 76 60 68 35 1
Regis Resources Limited 1.1B 65 76 68 69 69 36 1
Piedmont Lithium Inc. 1.1B 59 62 69 54 60 37 1
5E Advanced Materials Inc. 927.2M 55 48 71 71 61 38 1
ioneer Ltd 867.9M 47 57 54 51 51 39 1
Syrah Resources Limited 856.9M 59 58 43 98 69 40 1
Equigold NL 854.0M 91 69 72 84 87 41 1
Ramelius Resources Limited 828.4M 59 56 81 58 62 42 1
Vulcan Energy Resources Limited 826.7M 67 69 76 69 71 43 1
Jervois Global Limited 813.1M 43 51 38 82 54 44 1
Mincor Resources NL 808.9M 63 63 72 45 57 45 1
Imdex Limited 796.9M 71 72 79 73 74 46 1
Bellevue Gold Limited 722.0M 51 64 56 51 54 47 1
St Barbara Limited 701.5M 54 46 71 55 56 48 1
Emerald Resources NL 679.4M 84 81 80 81 84 49 1
Red 5 Limited 671.6M 68 49 48 59 59 50 1
Boart Longyear Group Ltd. 651.0M 62 74 81 63 68 51 1
Mount Gibson Iron Limited 629.5M 68 69 59 56 64 52 1
Westgold Resources Limited 575.3M 59 69 71 59 63 53 1
OM Holdings Limited 563.6M 75 90 90 75 82 54 1
Australian Strategic Materials Ltd 540.9M 72 69 76 69 72 55 1
Neometals Ltd 531.9M 62 54 71 52 60 56 1
Adriatic Metals PLC 528.8M 68 69 76 60 68 57 1
Argosy Minerals Limited 467.8M 68 69 76 60 68 58 1
Perenti Global Limited 461.4M 61 69 54 78 67 59 1
Champion Iron Limited 441.1M 56 69 51 49 55 60 1
Panoramic Resources Limited 420.4M 69 69 79 54 67 61 1
Hastings Technology Metals Limited 404.8M 65 68 74 57 67 62 1
Alkane Resources Limited 402.0M 69 58 68 71 68 63 1
Centaurus Metals Limited 397.2M 68 69 76 60 68 64 1
Bowen Coking Coal Limited 385.5M 68 69 76 60 68 65 1
Jupiter Mines Limited 372.2M 51 51 84 44 50 66 1
Galan Lithium Limited 362.2M 68 69 76 60 68 67 1
BCI Minerals Limited 349.8M 62 54 76 49 60 68 1
Metals X Limited 344.8M 70 81 72 55 68 69 1
Pantoro Limited 330.8M 68 69 76 60 68 70 1
Aurelia Metals Limited 327.8M 72 58 54 49 60 71 1
Macmahon Holdings Limited 283.7M 72 53 46 57 62 72 1
Lotus Resources Limited 277.3M 68 69 76 60 68 73 1
Firefinch Limited 236.2M 68 69 76 60 68 74 1
Andromeda Metals Limited 229.8M 68 69 76 60 68 75 1

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