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Charger Metals CEO David Crook: Drill-Ready Battery Metals Projects in Australia
Charger Metals CEO David Crook said, “I don't know of another company that would give investors the opportunity to have three horses in a race for a major uptick in the value of the company.”
In March 2022, Charger Metals signed an access agreement to drill the Coates project's nickel-copper-platinum-group elements target near Julimar and located 60 kilometres northeast of Perth. A month later, the company confirmed massive sulphide targets in the area.
“We knew that the rocks were the same kind of rocks that you get nickel in. We’re able to give a number of their drop samples, which we assayed for nickel and platinum-group elements. And we got a coincident anomaly right on the edge of the rocks that we consider to be good. We did an EM survey and ground surveys of a similar style. We've got good geochemistry in the soils, we've got conductive rocks — the kind of rocks that we're looking for. So the next thing we've got to do is drill,” said Crook.
Charger Metals is planning and permitting its maiden drilling program at its Bynoe lithium project in the Northern Territory after recent targeting activities suggested a large lithium system. Crook shared that with Core Lithium (ASX:CXO) entirely surrounding its project, the company would be very keen to do a transaction that wouldn’t involve capital.
“It's just a matter of drilling these things. The summary of the last 11 months since we listed is we go through an update using modern geochemistry and modern geophysics. Let’s do our targeting properly. And all three delivered projects are quite enviable and drill ready.”
Meanwhile, the Lake Johnston lithium project in Western Australia is considered Charger Metals’ most advanced project, with tenements covering almost 25 kilometres of prospective ground.
Crook added, “We're in very good areas. We've got good targets and our market capitalisation is sitting at about AU$20 million. From a leverage point of view, I don't know of another company that would give investors the opportunity to have three horses in the race for a major uptick in the value of the company.”
Watch the full interview of Charger Metals CEO David Crook above.
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