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ply talga 30 July 2021 ASX : TLG QUARTERLY ACTIVITIES REVIEW FOR THE PERIOD ENDING 30 JUNE 2021 Talga Group Ltd ABN 32 138 405 419 1st Floor , 2 Richardson St , West Perth 6005 Australia T : +61 8 9481 6667 www.talgagroup.com Corporate Information ASX Code TLG Shares on issue 303.2m Options ( unlisted ) 11.3m • Performance rights 2.1m Company Directors 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 advanced materials company Talga Group Ltd ( ASX : TLG ) ( " Talga " or " the Company " ) is pleased to report its activities for the quarter ending 30 June 2021 . • PROJECT DEVELOPMENT Completion of Detailed Feasibility Study , showing robust outcomes for Swedish battery anode project Resource growth commenced with large graphite target defined for drilling COMMERCIAL PROGRESS • • FREYR signs battery MOU for supply of anode materials and potential co - development Increased customer engagements support continued expansion planning for Talga battery anode operations TalnodeⓇ commercialisation and scale up progress drives recruitment of European commercial staff and Australian Corporate Commercial Manager Studies confirm feasibility of producing Talga battery anode products Talnode® - C and Talnode® - Si in the UK PRODUCT AND TECHNOLOGY DEVELOPMENT • Talga awarded ISO 9001 quality accreditation CORPORATE AND FINANCE • • LKAB and Mitsui extend Talga LOI for Swedish Graphite Anode Project Cash balance of A $ 52.5 million as at 30 June 2021 Commenting on the developments over the June 2021 quarter , Talga Managing Director Mark Thompson said : " This quarter saw the Talga team reach a substantial milestone - the completion of the DFS for our Vittangi Anode Project . The study shows robust economics for the project , forming a solid stepping stone for Talga to become one of Europe's foremost producers of sustainable green battery anode . The result is timely for our engagement with development partners and the increased number of Tier 1 battery and automotive customers interested in our TalnodeⓇ products . "