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
19 February
Top Australian Mining Stocks This Week: Lithium Valley Results Boost Gold Mountain
Welcome to the Investing News Network's weekly round-up of the top-performing mining stocks listed on the ASX, starting with news in Australia's resource sector.Mining giant BHP (ASX:BHP,NYSE:BHP,LSE:BHP) reported strong half-year copper results, saying that its copper operations accounted for... Keep Reading...
17 February
Howard Klein Doubles Down on Strategic Lithium Reserve as Project Vault Takes Shape
Before the Trump administration revealed plans for Project Vault, Howard Klein, co-founder and partner at RK Equity, proposed the idea of a strategic lithium reserve. “The goal of a strategic lithium reserve is to stabilize prices and allow the industry to develop,” he told the Investing News... Keep Reading...
17 February
Sigma Lithium Makes New Lithium Fines Sale, Unlocks US$96 Million Credit Facility
Sigma Lithium (TSXV:SGML,NASDAQ:SGML) has secured another large-scale sale of high-purity lithium fines and activated a production-backed revolving credit facility as it ramps up operations in Brazil.The lithium producer announced it has agreed to sell 150,000 metric tons (MT) of high-purity... Keep Reading...
12 February
Albemarle Lifts Lithium Demand Forecast as Energy Storage Surges
Albemarle (NYSE:ALB) is raising its long-term lithium demand outlook after a breakout year for stationary energy storage, underscoring a shift in the battery materials market that is no longer driven solely by electric vehicles.The US-based lithium major reported fourth quarter 2025 net sales of... Keep Reading...
21 January
Official signing of the Portuguese State Grant
Savannah joins other grant recipient companies at official signing ceremony
Savannah Resources Plc, the developer of the Barroso Lithium Project in Portugal, a 'Strategic Project' under the European Critical Raw Materials Act and Europe's largest spodumene lithium deposit (the 'Project'), was delighted to join with other recipients of State grants yesterday at the... Keep Reading...
21 January
Excellent Results from 2025 Core Drilling Program at McDermitt
Jindalee Lithium Limited (Jindalee, or the Company; ASX: JLL, OTCQX: JNDAF) is pleased to report assay results from the drilling program at the McDermitt Lithium Project completed late 2025. All holes returned strong lithium and magnesium intercepts from shallow depths, including:R92: 36.5m @... 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