TALGA GROUP LTD — Capital/Financing Update 2025

Jan 23, 2025

ASX Release 24 January 2025

ASX:TLG

Government decision to adopt detailed plan for Nunasvaara South graphite mine

Talga Group Ltd (“ Talga ” or “ the Company ”) ( ASX:TLG ) is pleased to advise that the Swedish Government has instructed Kiruna Municipality to adopt the detailed plan for its Nunasvaara South natural graphite mine in northern Sweden.

In 2024, Talga submitted a planning injunction to the Swedish Ministry of Agriculture and Infrastructure to effectively address delays in the process of adopting the detailed plan and Kiruna Municipality’s subsequent decision to suspend the planning work. The government’s decision instructs Kiruna Municipality to now adopt the detailed plan no later than 16 May 2025.

Talga Group CEO, Martin Phillips, commented : “In the government decision it is pleasing to see that Ebba Busch, Minister for Energy, Business and Industry, considers the graphite that Talga intends to produce is a key material in the manufacture of batteries. Additionally, we agree with the Minister for Infrastructure and Housing, Andreas Carlson, pointing out that the European battery industry is currently dependent on imports, while China intends to impose export restrictions that could jeopardise the entire battery value chain.

It was also pleasing to see the government has made this decision based on the fact that the area is of national interest for the extraction of valuable substances and materials. We look forward to continue working with Kiruna Municipality as we progress execution of the Vittangi Anode Project.”

Authorised for release by:

Dean Scarparolo Company Secretary Talga Group Ltd T: +61 (0) 8 9481 6667

For further information please contact:

Mark Thompson Managing Director Talga Group Ltd +61 (0) 8 9481 6667

Nikki Löf Group Communications Manager Talga Group Ltd +61 (0) 8 9481 6667

info@talgagroup.com +61 8 9481 6667

Talga Group Ltd ABN 32 138 405 419 ASX: TLG

Suite 3.03, Level 3, 46 Colin Street West Perth 6005 Australia

www.talgagroup.com Talga Group @Talga_Ltd

About Talga

Talga Group Ltd (ASX:TLG) is a leader in the development of sustainable battery materials. Via innovative technology and vertical integration of our 100% owned Swedish graphite resources, Talga offers a secure supply of products critical to the green transition.

Talga’s flagship product, Talnode[®] -C, is a natural graphite anode material made using renewable energy for a low emissions footprint. Battery materials under development include an advanced silicon anode product, recycled graphite anode material and conductive additives for cathodes.

Website: www.talgagroup.com

Forward-Looking Statements & Disclaimer

Statements in this document regarding the Company's business or proposed business, which are not historical facts, are forward-looking statements that involve risks and uncertainties, such as estimates and statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Since forwardlooking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties. Actual results in each case could differ materially from those currently anticipated in such statements. Investors are cautioned not to place undue reliance on forward-looking statements.

This announcement may not be distributed in any jurisdiction except in accordance with the legal requirements applicable in such jurisdiction. Recipients should inform themselves of the restrictions that apply in their own jurisdiction. A failure to do so may result in a violation of securities laws in such jurisdiction. This document does not constitute investment advice and has been prepared without taking into account the recipient’s investment objectives, financial circumstances or particular needs and the opinions and recommendations in this representation are not intended to represent recommendations of particular investments to particular persons.

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