Vittangi

Location
Sweden

Operator
Talga Group

Commodity
Graphite

Royalty
2% NSR

EMX acquired the Vittangi royalty, as well as other assets, from Freeport-McMoRan Exploration Corporation in 2010. The EMX royalty covers all minerals produced from the Nunasvaara nr2, Vittangi nr2 and Kallokajarvi nr1 exploration permits and successor licenses or concessions, and cover the Vittangi graphite deposits.

The Vittangi Graphite Project hosts one of the highest-grade natural graphite deposits in the world, situated within Sweden’s Proterozoic greenstone belt near the town of Kiruna. The Vittangi project is currently in the permitting phase, with Talga Group having completed a “Definitive Feasibility Study” in 2021 and more recent mining and economic studies. A Letter of Intent (“LOI”) for EPCM work was also recently signed (see Talga Group Ltd News Release dated April 30, 2025).

The Vittangi deposit lies within the Palaeoproterozoic greenstone sequence of northern Sweden, consisting of metasedimentary and metavolcanic rocks. The graphite mineralization occurs in graphitic schists hosted in the Nunasvaara Formation, which is part of a highly metamorphosed volcanic-sedimentary sequence. These rocks were subject to regional metamorphism and deformation, resulting in a well-developed schistosity that contributes to the flake morphology of the graphite.

The Vittangi Project consists of several mineralized zones with the Nunasvaara South deposit being the most significant. The detailed feasibility study, published in 2021, indicates a probable reserve on Nunasvaara South of 2.3 million tonnes at 24.1% graphite (see Table 2 below). Further upside comes from considerable exploration potential elsewhere on the Vittangi property.

Table 1: Vittangi Project Graphite Mineral Resources as of July 20, 2023

As reported in Talga Group Ltd News Release Dated October 6 2023. All Mineral Resources have been reported in accordance with the 2012 JORC Code reporting guidelines, an acceptable foreign code under NI 43-101. Mineral Resources are reported within preliminary pit shells and above a cut-off grade of 12.5%Cg and using a graphite price of US$5,000/t. Reported resources are inclusive of reserves. Totals may not sum correctly due to rounding.

Table 2: Vittangi Project Nunasvaara Probable Mineral Reserve Statement.

As reported in Talga Group Ltd News Release Dated July 1, 2021. Notes: The Nunasvaara Ore Reserve was disclosed on July 1, 2021 in accordance with the 2012 JORC Code, an acceptable foreign code under NI 43-101, and is based on the previously disclosed Mineral Resource estimate for Nunasvaara South (See Talga Group Ltd News Release dated 17 September 2020). The Mineral Reserve Statement utilized a graphite price of US$4,000/t and cut-off grade of 11% Cg. Only indicted resources within optimized Whittle pit shells were used for the conversion to probable reserves. Totals may not sum correctly due to rounding.

 
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