Talga Group Ltd. (AU:TLG) has released an update.
Talga Group Ltd has announced the successful completion of the front-end engineering and design for its Vittangi Anode Project in Sweden, delivering optimised equipment and process designs, which reduce energy needs by 23% and building footprint. The revised capital expenditure stands at €560m, reflecting a modest rise amidst inflationary pressures. These developments, including strategic agreements and ‘shovel ready’ status, propel Talga towards its Financial Investment Decision, with a construction timeline of 18-24 months for the anode production facility critical to the electric vehicle and energy storage systems markets.
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