The permit allows for substantial drilling on the property, which will help test the known mineralized footprint.

Economic assessment suggests a net value estimate of $291 million for project in Minnesota.

The 706-sq.-km land parcel is adjacent to Glencore’s Kidd operations, one of the world’s deepest base metals mines.

Drill highlights include 32.5 metres of 4.31 g/t gold and 43.7 metres of 3.37 g/t gold.

The miner estimates the true thickness of the mineralization is 45 metres with an average gold-equivalent grade of 5.38 g/t.

The Vittangi project has a total JORC resource of 12.3Mt at 25.5% graphite which, according to Talga, is the highest resource grade of any JORC/NI 43-101 graphite deposit in the world.