Charger Metals

Charger Metals Inks $42.5M Deal with Rio Tinto for Lake Johnston Lithium Project

The farm-in agreement allows Rio Tinto to earn up to a 75 percent interest in the Lake Johnston project.

Charger Metals (ASX:CHR) farm-in agreement with Rio Tinto (ASX:RIO) for its Lake Johnston lithium project in the Yilgarn region of Western Australia, was highlighted in an article published on Australian Mining.


Charger Metals also signed an agreement to purchase Lithium Australia’s (ASX:LIT) minority interest in the project for $2 million. These deals will provide Charger with 100 percent ownership of the project, the article said.

According to Charger’s managing director Aidan Platel, the farm-in agreement reaffirms Lake Johnston Project’s potential to host a large-scale lithium deposit.

Charger chair Adrian Griffin also stated, “The Rio Tinto Exploration farm-in agreement will see them potentially spending up to $42.5 million to earn up to a 75 percent interest in the Lake Johnston project.”

Read the full article here.


Click here to connect with Charger Metals (ASX:CHR) for an Investor Presentation

.

CHR:AU
The Conversation (0)
Drilling Commences at the Barra Lithium Project in Brazil

Drilling Commences at the Barra Lithium Project in Brazil

Summit Minerals Limited (ASX:SUM) (“Summit” or the “Company”) is pleased to announce that Summit’s maiden drilling program has commenced at the recently acquired 100% owned Barra Lithium Project (“Barra”).

The Barra Lithium Project consists of four recently acquired tenements that are located within close proximity to the existing operating Miranda Lithium mine that is within the Borborema Pegmatitic Province (“BPP”) in northeast Brazil.

Keep reading...Show less
Lithium Universe

Lithium Universe


Keep reading...Show less
CleanTech Lithium (AIM:CTL)

Issue of Equity and TVR


Keep reading...Show less
Lithium-ion batteries.

Rio Tinto Shares Initial Resources and Ore Reserves for Rincon Lithium Project

Rio Tinto ( ASX:RIO,NYSE:RIO,LSE:RIO) released an initial mineral resources and ore reserves report for its 100 percent owned Argentina-based Rincon project on Wednesday (December 4).

Mineral resources inclusive of ore reserves comprise 1.54 million tonnes of lithium carbonate equivalent in the measured category, with 7.75 million tonnes in the indicated category and 2.29 million tonnes in the inferred category.

Probable ore reserves are made up of 2.07 million tonnes of lithium carbonate equivalent.

Keep reading...Show less

Latest Press Releases

Related News

×