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30 April 2021 talga Talga Group Ltd ASX : TLG QUARTERLY ACTIVITIES REVIEW FOR THE PERIOD ENDING 31 MARCH 2021 ABN 32 138 405 419 1st Floor , 2 Richardson St , West Perth 6005 Australia T : +61 8 9481 6667 www.talgagroup.com www.talg Corporate Information ASX Code TLG Shares on issue 303.2m Options ( unlisted ) 10.8m Performance rights 2.1m 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 March 2021 . • COMMERCIAL AND PROJECT DEVELOPMENT • Construction of Talga's fully funded Swedish Electric Vehicle Anode ( " EVA " ) qualification plant commenced Vittangi Anode Project DFS timing updated and site investigations for mine , concentrator and refinery completed Permitting applications advance Vittangi project and preparations for 25,000 tonne trial mine commenced Preparations commenced for significant ~ 6,700m diamond drilling campaign and upgrade of JORC exploration targets Feasibility studies into UK Talnode® - C and Talnode® - Si anode production advance on schedule PRODUCT AND TECHNOLOGY DEVELOPMENT Company Directors Terry Stinson Non - Executive Chairman Non - E Mark Thompson Managing Director Grant Mooney Non - Executive Director Stephen Lowe Non - Executive Director • TalcoatⓇ reaches milestone in commercial sea trials • Battery anode and graphene product range advances • CORPORATE AND FINANCE Oversubscribed Shareholder Purchase Plan raises A $ 30 million Sale of the Company's Australian gold royalty entitlements completed • • Swedish iron projects to be divested • Cash balance of A $ 58.4 million as at 31 March 2021 Talga's Electric Vehicle Anode qualification plant site in Luleå , Sweden . Ola Mørkved Rinnan Non - Executive Director Luleå Port SSAB Steel Mill Talga EVA Site Swerim