Talga Group Ltd. · ASX:TLG
Talga — Oslo Battery Days 2022
36 slides from Talga's conference presentation, Aug 22, 2022
Slide 1: Talga Presentation at Oslo Battery Days (ASX Release)
ASX Release ASX:TLG 22 August 2022 Talga Presentation at Oslo Battery Days For personal use only Battery materials company Talga Group Ltd (“Talga” or “the Company”)(TLG:ASX) is pleased to provide a copy of the presentation to be delivered by the Company’s Managing Director Mark Thompson during the
Slide 2: About Talga / Forward-Looking Statements & Disclaimer
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 gr
Slide 3: The Power of the Nordics: Building Better Battery Anodes
For personal use only Talga Group Ltd The Power of the Nordics: Building Better Battery Anodes 22 August 2022 © Talga Group Ltd, August 2022
Slide 4: Cautionary Statement and Disclaimer
Cautionary Statement and Disclaimer Talga Group Ltd ACN 138 405 419 (the Company) is the issuer of this presentation. For personal use only Niska Scoping Study The Niska Scoping Study is a preliminary technical and economic study of the potential viability of developing the Nunasvaara North, Niska S
Slide 5: Introduction to Talga Group
Introduction to Talga Group For personal use only Building an integrated mine-to-anode supply chain using wholly-owned technology and high- grade Swedish natural graphite Uses clean Nordic renewable energy and innovative processes to deliver battery materials with world-leading green credentials Bui
Slide 6: Talga Operations and Locations
Kiruna Talga Operations Luleå For personal use only Osaka Perth, Australia Stockholm Group head office Luleå & Kiruna, Sweden Rudolstadt Anode production & graphite deposits Cambridge Cambridge, UK Product and R&D technology center Rudolstadt, Germany Production process pilot facility & EU customer
Slide 7: Our Mission
Our Mission For personal use only to enable the world’s most sustainable batteries and consumer products through innovative graphitic materials
Slide 8: Quality ESG Culture
Quality ESG Culture For personal use only • 1st resource company committed to EU Principles for Sustainable Raw Materials • High standard of corporate governance with established ESG framework • Social and Environmental Management Systems and Policies accord to Equator Principles • Sustainability an
Slide 9: Electric Vehicle Anode 'EVA' Plant, Sweden
Electric Vehicle Anode ‘EVA’ Plant, Sweden For personal use only First Li-ion battery anode plant in Europe Vital facility for advanced stage of customer qualification process, purchase agreements and financing Production of Talnode®-C using Vittangi graphite commenced in April 2022 Proprietary in-h
Slide 10: Talnode-C attractive performance characteristics
Talnode®-C attractive performance characteristics For personal use only Energy Density Faster Charging Lower Cell Resistance High energy density for increased Fast charge rate outperforms High conductivity material range or lighter weight. existing commercial anodes. decreases thermal build up, impr
Slide 11: Graphite in Li-ion batteries
Graphite in Li-ion batteries Graphite (as the anode) is main volume mineral in commercial Li-ion batteries For personal use only Battery - NCA Talga’s Battery – NCA+ Talnode®-C Anode Battery – NCM 333 Cathode Battery – NCM 532 Battery – NCM 622 Battery – NCM 811 Battery – LFP Battery – LMO 50 100 15
Slide 12: Battery Megatrend Driven by Electrification
Battery Megatrend Driven by Electrification Demand for Li-ion battery materials rapidly increasing across many transport applications For personal use only Electric vehicles as % of global total passenger vehicle sales 80% 70% 60% 50% 40% 30% 20% 10% Today 0% 2018 2020 2022 2024 2026 2028 2030 2032
Slide 13: Driving immense new graphite anode demand
Driving immense new graphite anode demand Battery anode demand disrupting 1Mtpa natural graphite market and supply chain For personal use only Forecast: Natural graphite anode demand 4,500,000 • Almost all existing and new battery manufacturing 4,000,000 capacity uses graphite anodes • Natural graph
Slide 14: Vast battery demand in Europe
Vast battery demand in Europe Planned battery capacity >1TWh by 2030 requires >1.2Mt graphite anode per annum For personal use only Source: Cic Energigune, June 2022, Benchmark Mineral Intelligence, January 2022, 12 Benchmark Mineral Intelligence, Lithium Ion Battery Gigafactory Assessment, July 202
Slide 15: Looming supply shortages
21/8/2022 Looming supply shortages For personal use only Demand for Li-ion battery highlights need for local production Forecast: Ex-China battery supply vs demand 3500 3000 2500 • Onshore EU/ US battery capacity is lagging Battery capacity (GWh) aggressive OEM 2030 electrification plans. 2000 • Ex-
Slide 16: Europe's natural graphite resources
Europe’s natural graphite resources For personal use only European Graphite Mineral Resources classified to JORC or NI43-101 standards Battery Capacity Company Project Mineral Resource Contained Graphite equivalence2 (Million tonnes) 1 Talga Vittangi 30.1Mt @ 24.1%Cg 7.2 4,625 GWh-eq 2 Talga Jalkune
Slide 17: Talga and Nordic Region – Unique Advantages
Talga and Nordic Region – Unique Advantages For personal use only Integrated operations 1 Complete mine-to-anode business captures greater portion of EV battery value chain Local to Europe Cell Manufacturers 2 Vittangi mine and Luleå anode plant in Sweden, with direct road/rail links to customers Gr
Slide 18: Reliable clean energy
21/8/2022 Reliable clean energy For personal use only • Talga projects use north Sweden’s renewable energy (hydropower and wind) • Significantly greener than the average EU power grid and current China materials sites • Transmission infrastructure is highly reliable and resistant to climate change (
Slide 19: Unique raw material
High grade natural graphite and anode sample, Talga trial mine, 2022 22/8/2022 Unique raw material For personal use only • Vittangi graphite has exceptional high grade (mineral resource 24.1% Cg), crystallinity, conductivity and natural battery-size flake • Means 100% of graphite deposit suits makin
Slide 20: High quality supply chain
21/8/2022 High quality supply chain For personal use only • Northern Sweden location gives highly secure and stable access to mainland Europe • Established road and rail links (no shipping required) to many battery makers • 24-48 hours drive to any customer in Europe • Shorter supply chain dramatica
Slide 21: Delivering Cleaner Anode
Delivering Cleaner Anode Talnode®-C cradle-to-gate LCA accords to ISO 14040-14044 and German Association of Auto For personal use only Industry China Synthetic China Natural Syrah (Mozambique- USA) Northern (Canada) Saves 2,900kg CO2-eq Leading Edge (Sweden) per Electric Vehicle1 Talga (Sweden) 0 5
Slide 22: Vittangi Anode Project: Overview
Vittangi Anode Project: Overview For personal use only Talga has completed a Detailed Feasibility Study Integrated (DFS) for an integrated mine-to-anode operation Operations in Nordics producing Talnode®-C in Sweden Vittangi graphite mine Features: and concentrator - responsible mining of unique, na
Slide 23: Path to >100,000tpa anode production
Path to >100,000tpa anode production Niska adds to Vittangi to make Talga one of the largest anode producers outside China For personal use only Niska North Niska Expansion (2020 Scoping Study) 2 Nunasvaara South Talnode®-C 84,700tpa (2021 DFS) 1 Talphene® 8,470tpa Niska South Talnode®-C 19,500tpa L
Slide 24: Commercial Mine Permitting
Commercial Mine Permitting For personal use only Fully permitted trial mine for open pit extraction of ~25,000 tonnes graphite ore underway now Permit court process progressed to final steps with Vittangi site visit Sept 2022 and decision hearing in Q1 2023 The environmental and Natura 2000 permits
Slide 25: Vittangi Trial mine 2022
Left top and bottom: Vittangi Graphite Project 2022 trial mine operations include lining of ore, waste and topsoil stockpile areas and commencement of excavations Vittangi Trial mine 2022 Below: exposed high-grade graphite ore body For personal use only 23
Slide 26: Anode Product Commercial Strategy
Anode Product Commercial Strategy For personal use only Following product positioning, pricing strategy and test programs Talga is in final Talnode® qualification stages with numerous customers Qualification requires extensive large-scale samples (EVA plant) and bespoke product development Current q
Slide 27: Material Technologies - adding value
Material Technologies - adding value Graphene and advanced materials expand Talga’s addressable markets and opportunities to derive For personal use only further efficiency and commercial gains from Vittangi Talnode®-Si graphene-silicon composite anode in scale- up and feasibility stages CALIBER stu
Slide 28: Anode Plant site - Luleå Industrial Park, Sweden
Anode Plant site - Luleå Industrial Park, Sweden For personal use only Facebook data center Luleå University of Technology and Luleå Science Park EV Anode Pilot Plant 26
Slide 29: Anode plant planned for production start 2024
Anode plant planned for production start 2024 For personal use only 27
Slide 30: Project Funding – European Financiers
Project Funding – European Financiers For personal use only Swedish Export Credit Agency (SEK), Letter of Interest to support financing of Vittangi Project. Swiss Export Risk Insurance (SERV), Letter of Support to finance a portion of construction costs of Vittangi Project. Swiss content linked to A
Slide 31: Corporate Overview
Corporate Overview CAPITAL STRUCTURE For personal use only ASX:TLG Market Capitalisation: $404.1M Listed Shares: 304.9M Unlisted Options: 13.4M (1) Cash as at 30 June 2022: $13M MAJOR SHAREHOLDERS Mark Thompson – M. Director 4.7% Kinetic Investment Partners 4.4% Pentwater Capital Management 2.0% Yan
Slide 32: Talga Group Ltd contact details
For personal use only Talga Group Ltd ASX Code: TLG Group Head Office: Suite 3.03, Level 3 46 Colin Street, West Perth, Australia Phone Number: +61 8 9481 6667 Email Address: info@talgagroup.com Website: www.talgagroup.com 30
Slide 33: JORC Graphite Reserve and Resources
JORC Graphite Reserve and Resources For personal use only Ore Reserve 3, 5 Tonnes Graphite (% Cg) Nunasvaara (JORC 2012) 2,260,140 24.1 Probable 2,260,140 24.1 Mineral Resources 1, 2, 4, 6, 7, 8 Tonnes Graphite (% Cg) Vittangi (JORC 2012) 30,100,000 24.1 Indicated 22,600,000 24.9 Inferred 7,500,000
Slide 34: Vittangi Graphite Growth
Vittangi Graphite Growth Resource upside with ability to support and expand European battery supply chain for decades For personal use only Vittangi Stage 1 DFS based solely on Ore Reserve (yellow zone in figure to right) constrained to market-entry target ~20Ktpa anode production for at least 20 ye
Slide 35: European Natural Graphite Peer Comparison
European Natural Graphite Peer Comparison For personal use only Contained Company Project Study Resource Tonnage Grade Information Source Tonnage Indicated 22,600,000 24.9 Talga Group, Company Announcement, 27 May 2022 Talga Vittangi DFS 7,249,000 https://talgagroup.eu-central-1.linodeobjects.com/ap
Slide 36: Competent Person Statements
Competent Person Statements For personal use only The Vittangi Mineral Resource estimate was first reported in the Company’s announcement dated 27 May 2022 titled ‘Talga’s battery anode growth ambitions boosted with 54% graphite resource increase’. The Company confirms that it is not aware of any ne