The Conversation (0)
September 07, 2022
Charger Metals NL (ASX: CHR, “Charger” or the “Company”) is pleased to provide an update for its planned drilling program at the Medcalf Lithium Prospect.
Highlights
- Project-wide soil geochemistry and mapping programs completed ahead of drilling at the high priority Medcalf Lithium Prospect, near Lake Johnston, WA:
- Outcropping Medcalf pegmatite cluster at least 500m long within a 300m-wide corridor
- Rock-chip assays from Medcalf pegmatites range between 1.51% and 7.15% Li2O with the predominant lithium mineral being spodumene
- Medcalf is being prepared for drilling during the December 2022 quarter:
- Charger’s geologists on site last week to peg drill holes
- Spring flora survey in progress ahead of finalising DMIRS Program of Works application
- Heritage surveys planned for later this month
Charger’s Managing Director, David Crook, commented:
“Charger has scheduled its maiden drilling program at the Medcalf Lithium Prospect for the December quarter and our geological team is completing the prerequisites for the approval process.
“The Prospect hosts an extensive area of spodumene bearing pegmatite swarms that will be drilled
soon after the statutory approvals process is complete.”
The Medcalf prospect is a mineralized zone within the Lake Johnston Project which has attracted considerable interest due to its proximity to the large Mount Holland Lithium Project under development by Covalent Lithium Pty Ltd (manager of a joint venture between subsidiaries of Sociedad Química y Minera de Chile S.A. and Wesfarmers Limited) located approximately 70km west of the Lake Johnston Project.
Click here for the full ASX Release
This article includes content from Charger Metals, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
CHR:AU
INN Article Notification
10 April
Jindalee Inks US$571 Million SPAC Deal to List Lithium Assets on Nasdaq
Australia’s Jindalee Lithium (ASX:JLL,OTCQX:JNDAF) is spinning out its US asset portfolio into a newly formed company that will list on the Nasdaq via a US$571 million blank-check merger.The new entity, called US Elemental, will merge with Constellation Acquisition (OTCID:CSTAF), a special... Keep Reading...
10 April
Infographic: Era of the Glut Ends as Lithium Careens Toward 2026 Deficit
The global lithium market is undergoing a massive structural reversal.Following a multi-year period of severe oversupply that crushed spot prices, the critical battery metal is now aggressively tightening, with major financial institutions projecting a steep supply deficit by 2026."The question... Keep Reading...
10 April
Jindalee Signs BCA to List McDermitt on NASDAQ
Jindalee Lithium (JLL:AU) has announced Jindalee Signs BCA to List McDermitt on NASDAQDownload the PDF here. Keep Reading...
09 April
Appointment of Australian Resident Independent Non-Executive Director
CleanTech Lithium (AIM: CTL, Frankfurt:T2N), an exploration and development company advancing sustainable lithium projects in Chile, has appointed an Australian resident independent non-executive director, Todd Ross, with immediate effect.Mr Ross is an Australian resident director with an... Keep Reading...
08 April
Lithium Market Update: Q1 2026 in Review
Lithium prices have rebounded sharply, with spot battery-grade lithium carbonate rising from about US$13,433 per metric ton in early December to US$26,278 by late January, a 95 percent increase. The rally reflects growing supply-side pressure, including delays at key operations such as CATL's... Keep Reading...
08 April
ILC Critical Minerals Ltd. Announces Private Placement
ILC Critical Minerals Ltd. (TSXV: ILC) (OTCQB: ILHMF) (FSE: IAH0) ("ILC" or the "Company") is pleased to announce a non-brokeredprivate placement (the "Offering") of up to 50,000,000 common shares at CAD$0.02 per share to raise gross proceeds of up to CAD$1,000,000. There are no warrants... Keep Reading...
Latest News
Interactive Chart
Latest Press Releases
Related News
TOP STOCKS
American Battery4.030.24
Aion Therapeutic0.10-0.01
Cybin Corp2.140.00