TLG - Talga Group

[Joe Blow]

In accordance with the aim of discovering and developing gold ore bodies, Talga Gold (TLG) has acquired the right to 100% equity in four unencumbered Australian projects located in renowned gold districts, with gold targets that are exceptionally high grade and highly prospective for major deposits. Three of these projects are located in the Western Australian Pilbara, with the fourth, the Bullfinch Project, boasting 100% exploration rights to more than 160km² in one of the most productive gold districts (Southern Cross Province) in the world. With a geology interpreted to be equivalent to the adjacent 1 million+ ounce gold deposit of the Copperhead Gold mine and additional early stage iron prospects, this project offers significant gold potential and opportunity for Talga Gold and its shareholders.

Talga Gold’s flagship Talga Talga Project comprises a proven high-grade gold mining centre that has long been in private hands and never been drilled or technically explored in any meaningful way. It is located 170kms east of the Pilbara town of Port Hedland, and recent sampling has confirmed significant potential that will now be investigated for the first time with modern technology. The other two Pilbara projects, Warrawoona and Mosquito Creek, have abundant surface/near surface gold occurrences awaiting testing.

http://talgagold.com

 

[noirua]

Re: TLG - Talga Gold

Talga Gold are in the right sector with the strength in the gold price and recent tanking of the Aussie$. Apart from that they are only an explorer raising $5 million. Prior to this the company has just $322,000 in the bank and many got in at various green seed capital levels.
I like the tenements but it's worth waiting for weakness in the share price before dipping a toe in the water.

 

[springhill]

Re: TLG - Talga Gold

No update on Talga for 2 years, suprising since they rocketed from a low of 12c to a high of 77c in the last 12 months.

Today they reported Bullfinch drill results
http://www.asx.com.au/asxpdf/20120622/pdf/426zvrj2xmkvs6.pdf

Iron Ore Target
Eight holes for 958m were drilled to test the iron ore potential of a 15km long magnetic feature interpreted to be banded iron formation (“BIF”). Due to problematic drilling conditions only six holes effectively tested the targeted magnetic units (See Fig 1.) Drilling intersected a greenstone sequence comprising mafics, ultramafics and BIF intruded by a series of granites. Best intercepts include 26m @ 25.0% Fe from 99m (BTRC001) and 9m @ 25.9% Fe from 60m (BTRC003). Weakly anomalous gold (31-53ppb Au) was intersected in BTRC003, associated with banded iron formation.

Gold-Tellurium Target
An additional nine holes for 726m were drilled at the Harold Holt and Jumbuck prospects, testing gold-tellurium soil and rock chip anomalies. No significant gold or tellurium was intersected at these prospects.

They also announced advancement in Swedish graphite operations.
http://www.asx.com.au/asxpdf/20120622/pdf/426zk34557vbqh.pdf

Talga Gold Limited has completed a highlevel environmental and social study of its 100%-owned Nunasvaara graphite project in northern Sweden ahead of the start of the Company’s maiden drilling programme planned to commence on the 25th June.
Nunasvaara’s 3.6Mt @ 23%C graphite JORC compliant Inferred Resource is renowned as the highest grade graphite resource in the world and also one of the most advanced graphite projects (Ref. Industrial Alliance Securities Sector Report May 2012). The deposit has been targeted by Talga as key to the Company’s agenda to develop multiple new graphite mines in northern Europe.

Their graphite roadshow presentation is here.
http://www.asx.com.au/asxpdf/20120515/pdf/4268f7637qb9lw.pdf

46m shares on issue and around $1.9m left. While new graphite plays have powered ahead, TLG seems to have stalled recently.

 

[springhill]

Re: TLG - Talga Gold

Talga successfully extends high-grade Swedish graphite deposit with initial drill programme
The programme is Talga’s first drill test of five separate high priority graphite and iron targets in Sweden over the northern summer period. Drilling at Nunasvaara was designed to upgrade the size and status of the current 3.60Mt @ 23% graphitic carbon (Cgr) JORC-code Inferred Mineral Resource, and all 19 drill holes in this programme successfully intersected the targeted graphite unit.

Graphite mineralisation has been successfully intersected outside the current resource model over the eastern extension and previously untested up-dip and downdip locations, increasing the deposit model strike length from approximately 700m to 1200m and maximum known vertical extent to 150m depth. The deposit remains open at depth and along strike. These new intersections point to a significant potential upgrade in the new resource estimate.

At present, core samples are being processed and will be submitted for comprehensive analytical and metallurgical test work. Results will be used to update the current deposit resource estimate and commence a preliminary economic (scoping) study.
Drilling will now shift to the nearby Masugnsbyn iron ore deposit and Raitajärvi graphite deposit where a similar programme of confirmation and resource expansion drilling is planned, followed by drilling on the Jalkunen graphite project.

Managing Director, Mark Thompson said “The successful completion of our initial drilling programme little more than a month after acquiring the Swedish portfolio from resources major Teck Resources Limited is testimony to our highly committed staff and contractors in Australia and Sweden. This achievement highlights north Sweden as a quality jurisdiction for the operation of mineral projects. At this early stage we have every reason to be confident that our targets for upgrading the size and status of this high-grade graphite resource will be realised.”

 

[Buckfont]

Pretty quiet on this thread and TLG's SP has been on the decline for some time.

Hopefully today's ann will rev it up.

Talga Resources Limited (ASX:TLG) (“Talga” or “the Company”) is pleased to
announce exceptional results from graphene testwork conducted by the
University of Adelaide on drillcore from Talga’s wholly-owned Nunasvaara
graphite deposit in Sweden.

Graphene can be directly and rapidly liberated from unprocessed Nunasvaara
graphite ore in a one-step process with no intermediate stages/products.
• Quality of graphene produced is outstanding and comparable to graphene
made from synthetic routes.

So this is the news that many have been waiting for. Up 8.25% at $0.105c down from the days high of $0.115c.

Any others thoughts greatly appreciated.

 

[piggybank]

It closed today @ 29.5c (11%), after an intraday high of 31c with the highest ever daily volume of 4.8M

 

[pixel]

Great-looking chart. The pullback went a tock deeper than I would have liked, but let's blame the gap for that. As the gap has now been closed, I reckon the turn of trend can be considered confirmed. I'm Long and intend to accumulate on dips, as long as 61.8% support holds.



Some more volume will be needed to break back above 44 and 48 resistance levels; but it has lots of upside potential, both on Technical and Fundamental grounds.

 

[pixel]

To those of us who have been following Talga for a while, today's presentation may bring little news; but it's nice to get a summary like http://www.asx.com.au/asx/statistics/displ...;idsId=01551245

And the Market reacts rather positively:



I think my holding is safe; expecting support to hold at 42c;
if resistance can be broken, I'll look at topping up around 50c.

 

[Buckfont]

To those of us who have been following Talga for a while, today's presentation may bring little news; but it's nice to get a summary like http://www.asx.com.au/asx/statistics/displ...;idsId=01551245

And the Market reacts rather positively:

View attachment 59339

I think my holding is safe; expecting support to hold at 42c;
if resistance can be broken, I'll look at topping up around 50c.

Yes pixel company presentation anns. have been pretty same old same old over the last few. The news that scoping study due towards the end of the month and metallurgical news my be a real filip. That's why I picked it in this months comp. I was lucky to pick up parcels at 0.07c, 0.12c and 0.18c so there is no panic on the horizon with plenty of wriggle room. All the best to all holders.

More positive news out of Germany's 3D printing company and results from CSIRO should give it a lot of upside potential.

 

[pixel]

Yesterday was touch and go, but similar to 3 weeks ago, the candle suggested continuation.
This morning's announcement http://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=01553224 has been well received and trading put aside yesterday's jitters.



I added and raised the trailing stop to 45c (on a Close Below basis)

 

[pixel]

Taking a fresh look at Talga and the 1-step Graphene story:
Bill Gates is reportedly sponsoring a new product: http://www.theguardian.com/artanddesign/2013/nov/21/bill-gates-graphene-super-condom-sex
If successful, that could boost graphene demand. Or will it? What if the Vatican joins forces with Islamic leaders and has graphene declared a demonic substance... "Do it, but don't enjoy it"
Maybe better we concentrate on graphene and graphite being used to make more durable guns, personal armour, or fighter planes...



Better not go there; better stick to charts. :1zhelp:

 

[pixel]

The Annual Report http://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=01557928 may not contain much that wasn't known before, but it condenses the information all in one place. A great place to start reading is the Chairman's report on page 4. If Talga has indeed a process that extracts graphene from the raw ROM material "as a free by-product" we can look forward to a vastly improved enterprise value.

Technically, I see the price resting on a 2-month EMA (red line), just coinciding with the phi-root level of this year's trading range. Should this level look like reasonable support, I'll recover the position that I've been trading down from recent Highs. I'm still holding a long-term position not intended to be traded short-term.

 

[basilio]

I just came across TLG a few days ago.

This looks incredibly promising. I high quality graphite mine but far more significantly a low cost producer of graphene as a side product of graphite.

The Annual Report brings it all together. Have to have a real think about this one..

http://www.asx.com.au/asx/statistics...idsId=01557928

 

[pixel]

I just came across TLG a few days ago.

This looks incredibly promising. I high quality graphite mine but far more significantly a low cost producer of graphene as a side product of graphite.

The Annual Report brings it all together. Have to have a real think about this one..

http://www.asx.com.au/asx/statistics...idsId=01557928

Massive volume on gapping-up breakout. Yet no announcement that could explain the sudden enthusiasm. Surely it can't be last Friday's notice about sale of old non-core assets in WA?

 

[Buckfont]

Could be an article in the Australian yesterday on Warwick Grigor and his upbeat bet on graphene, calling Talga a potential billion dollar stock. The article is available on Talga's web site.

http://www.talgaresources.com/IRM/content/default.aspx

 

[basilio]

Could be an article in the Australian yesterday on Warwick Grigor and his upbeat bet on graphene, calling Talga a potential billion dollar stock. The article is available on Talga's web site.

http://www.talgaresources.com/IRM/content/default.aspx

Thats the one...Nothing like a big shot mining guru coming out with billion dollar story.

To be fair I think the graphene story is compelling and it does represent excellent value.

 

[basilio]

If one was really cynical then perhaps Mr Grigor was trying to create some action to capitilise on paper profits he made in the past few months.

It will be interesting to see how well the price holds in the rest of the week..

________________________________________________________

Have to say though the proven capacity to easily produce cheap graphene is very, very intriguing.

 

[pixel]

If one was really cynical then perhaps Mr Grigor was trying to create some action to capitilise on paper profits he made in the past few months.

It will be interesting to see how well the price holds in the rest of the week..

________________________________________________________

Have to say though the proven capacity to easily produce cheap graphene is very, very intriguing.

Cynics-R-Us

The idea of a "purposeful rumour" had occurred to me as well, so I traded only some quickies.
The last two candles, both Shooting Stars, suggest that the broader market shared our cynicism.



But then again - the volume is good and yesterday's gap would qualify as a breakaway gap.
I may take a chance and build a position for a longer-term holding.

 

[pixel]

I closed all positions at Fibonacci Resistance, then bought one position back at Close.



good luck to all holders; another candle like today's would do nicely.

 

[pixel]

Following the speeding ticket, sellers took charge.
http://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=01598183

I stopped out at Open and at cost. Shall continue to watch for Intraday swing oppoertunities.