viewTalga Resources Ltd

Talga Resources' shares flying on high grade graphite


Talga Resources (ASX: TLG) attracted an ASX price and volume query before the Easter break as its shares continue to soar.

The stock and hit an intra-day high of $0.285 yesterday, which was up 21.7% from the previous close of $0.23.

Since October last year, the company has risen more than 5-fold.

In February, Talga made a breakthrough in single-step graphene recovery that would allow it to use unprocessed graphite ore from its Nunasvaara deposit in Sweden, by-passing intermediate processing stages.

Graphene can be described as a one-atom thick layer of graphite.

Nunansvaara carries a JORC Resource of 7.6 million tonnes at 24.4% graphite and is considered to be one of the world's highest grade graphite resources.

Takers of Talga's placement last month which raised $1.7 million at $0.085 have a paper profit of more than three times.

Those who participated in the placement and entitlement offer late last year are now sitting on even more handsome profits, as $1.48 million was raised at $0.05 per share.

The company is now valued at around $25 million.


Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

Quick facts: Talga Resources Ltd

Price: 0.465 AUD

Market: ASX
Market Cap: $101.72 m

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...



Full interview: Emmerson Resources discusses recent diamond drilling...

Emmerson Resources Ltd (ASX:ERM) managing director and CEO Rob Bills updates Proactive on the first diamond drilling activities at the Whatling Hill Project in NSW.  A 1,500-metre reverse circulation (RC) and diamond drilling program is targeting an interpreted porphyry copper-gold...

10 hours, 29 minutes ago

2 min read