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29 January 2021 talga Talga Group Ltd ASX : TLG QUARTERLY ACTIVITIES REVIEW FOR THE PERIOD ENDING 31 DECEMBER 2020 ABN 32 138 405 419 1st Floor , 2 Richardson St , West Perth 6005 Australia T : +61 8 9481 6667 F : +61 8 9322 1935 www.ta www.talgagroup.com Corporate Information as at 29 January 2021 ASX Codes TLG Shares on issue Options ( unlisted ) 303.2m 10.8m Performance rights 2.1m Company Directors STerry Terry Stinson Non - Executive Chairman Mark Thompson Managing Director Grant Mooney Non - Executive Director Stephen Lowe Non - Executive Director Ola Mørkved Rinnan Non - Executive Director Battery anode and graphene additives company Talga Group Ltd ( ASX : TLG ) ( " Talga ” or “ the Company ” ) is pleased to report its activities for the quarter ending 31 December 2020 . COMMERCIAL AND PROJECT DEVELOPMENT • • • • • Additional major partners attracted to Talga's integrated Swedish battery anode project using fossil - free power to make cleaner , high - performance European anode products for Li - ion batteries : Swedish state - owned mining and minerals group LKAB signs tripartite joint development LOI with Mitsui and Talga Global technology leader ABB signs development MOU with Talga Positive stand - alone Niska Scoping Study highlights expansion potential , with pre - tax base - case outcomes including 14 year mine life with NPV8 US $ 3.5 billion , IRR of 47 % and free cash flow of US $ 690 million / annum PRODUCT AND TECHNOLOGY DEVELOPMENT Positive customer feedback drives Talga to fast - track TalnodeⓇ - Si silicon anode development and boost sample production capacity UK Government grants support feasibility studies into TalnodeⓇ - C and TalnodeⓇ - Si production for UK Li - ion battery megafactories CORPORATE AND FINANCE • • • Morgan Stanley appointed as Talga's Financial & Transaction Advisor Completion of successful A $ 25 million institutional placement Shareholder Purchase Plan launched to raise additional A $ 10 million Cash balance of A $ 32.4 million as at 31 December 2020 Managing Director , Mr Mark Thompson commented : " This was a significant quarter to end 2020. Our team delivered positive outcomes across every facet of the Group : from finance , to development partnership agreements , to further success in tests of our anode and graphene products in customer qualification programs . Talga is in great shape for further growth and to take advantage of demand from the global battery boom . In Europe in particular , the moves to introduce a battery materials ' passport ' requiring stricter emissions regulations on imported battery materials , and growing financial and regulatory support for local manufacturers , supports Talga's plans . We are also glad to see the increased realisation of these factors in capital markets , with newly ESG - mandated funds rotating out of fossil fuel investments towards sustainable transport and battery materials . ”