Charger Commences Drilling At Coates Nickel-Copper-PGE Project

Charger Metals NL (ASX: CHR, “Charger” or the “Company”) is pleased to confirm that diamond drilling has commenced at the Coates Ni-Cu-Co-Au-PGE Project (“Coates Project”), located approximately 55km ENE of Perth, Western Australia. The Coates Project contains a mafic intrusive complex within the Jimperding Metamorphic Belt, which also hosts the world class, 20Moz palladium equivalent Julimar - Gonneville nickel-copper-PGE Project2 owned by Chalice Mining Ltd (ASX: CHN) and located 28km NW of the Coates Project (Figure 1).

• Maiden drill programme underway to test geochemistry and geophysical targets, which may represent nickel, copper and PGE mineralisation at the Coates Project.
• This follows the recent receipt of final drilling approvals from DMIRS1 completing land access requirements.

Figure 1. Coates Nickel Copper PGE Project Location approximately 28km southeast of the Julimar Project (Chalice Mining Ltd ASX: CHN).

Charger’s Managing Director, David Crook commented:

“We are very pleased to get the Company’s maiden drilling campaign underway at the Coates Project which will test a compelling nickel-copper-PGE target. When we combine the interpretation provided by our geophysical consultant of the completed fixed-loop electromagnetic survey with our existing geochemical data, we have produced an outstanding drill target in the emerging Western Yilgarn PGE and nickel province”.

Photo 1: Diamond drilling has commenced at Coates Ni-Cu-PGE Project near Julimar.

Coates drilling programme underway

Charger has commenced its maiden drilling programme of five diamond drill holes designed to test the upper levels of the T1 geophysical target and extensions highlighted by regolith geochemistry (Figure 2).The proposed collar positions take into account the interpretation of fixed loop time domain electromagnetic survey (FLTEM) data, geology and geochemistry. Down hole electromagnetic (EM) surveying is planned to assess the potential for additional nearby conductive rock units.

Figure 2. Coates Ni-Cu-Co-PGE Project summarising the T1 target information and proposed drill hole locations.

FLTEM survey confirms massive sulphide targets at the Coates Mafic Intrusive Complex

The FLTEM was completed over the northern 30% of the T1 Target, originally detected in a SKYTEM helicopter electromagnetic survey undertaken in 2021³.

Two conductors, C01 and C02 (Figure 3) identified in the FLTEM survey, are considered priority targets for massive sulphide mineralisation that could be related to nickel, copper, or possibly VMS-related mineralisation, associated with the Coates Mafic Intrusive Complex.

The C01 and C02 conductors are a relatively shallow exploration targets, modelled at 60 m vertical depth with a 30o dip to the southeast.

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