Charger Metals (ASX:CHR)

Charger Metals September 2023 Quarterly Activities Report

Lithium explorer Charger Metals NL (ASX: CHR, ‘Charger’ or ‘the Company’) is pleased to provide the following Activities Report for the period of July to September 2023, inclusive (the ‘Quarter’).


HIGHLIGHTS

Bynoe Lithium Project, Northern Territory

  • Assay results confirmed lithium (Li) and tantalum (Ta) mineralisation in pegmatites at three of the seven prospects drilled in the maiden drill programme at the Bynoe Lithium Project in NT
  • Ambient Noise Tomography (ANT) and ground gravity surveys were completed over a large area in the northeast of the Bynoe Project
    • Data from geophysical surveys are being processed and modelled with the aim of detecting any potentially large “blind” pegmatite systems that do not outcrop
  • Additional infill surface geochemical sampling and mapping programmes were also completed in the northeast, and assays are pending

Lake Johnston Lithium Project, Western Australia

  • Priority targets identified at Medcalf to test for extensions to the high-grade lithium mineralisation returned from drilling spodumene-bearing pegmatites in the maiden RC drill programme completed in Q2 2023
  • Preparation and permitting commenced for upcoming exploration programmes including RC and diamond drilling at the Medcalf Spodumene Prospect and Mt Day Lithium Prospect

Corporate

  • During the quarter the Company commenced a process to consider partnering with a strategic investor(s) to fund either its Bynoe or Lake Johnston Projects
  • At the end of the September quarter, the Company held cash reserves of $2.06M
  • The Company has 62.1 million fully paid ordinary shares on issue and an undiluted market capitalisation of approximately $9.9 million as at 30 October 2023
  • The top 20 shareholders hold approximately 47.1% of the issued shares

BYNOE LITHIUM PROJECT, NORTHERN TERRITORY (CHARGER - 70% INTEREST)

The Bynoe Lithium Project is located approximately 35 km southwest of Darwin, Northern Territory, with excellent access and nearby infrastructure. Charger’s Project is enclosed by Core Lithium Limited’s (ASX:CXO; “Core”) Finniss Lithium Project (Figure 1), which has a mineral resource of 30.6Mt at 1.31% Li2O.1 Core has commenced mining and beneficiation activities at its Finniss Project and announced the shipping of spodumene concentrate in the June 2023 quarter.


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
The Conversation (0)
Argentinian flag waving on a pole against a clear blue sky, displaying a sun emblem in the center.

Lithium Argentina Closes US$180 Million Ganfeng Expansion Deal

Lithium Argentina (TSX:LAR,NYSE:LAR) closed a US$180 million investment from Ganfeng Lithium (HKEX:1772,OTCPL:GNENF) this week (September 15) to fund the expansion of its South American operations.Ganfeng structured the capital injection as an unsecured convertible note carrying a 4.0 percent... Keep Reading...
battery on top of stocks graph.

CATL Suspends China’s Top Lithium Mine on Permit Loss

Contemporary Amperex Technology (SZSE:300750,HKEX:3750) (CATL) has placed its Jianxiawo lithium mine back on care and maintenance after Chinese regulators revoked the site’s environmental approval, indefinitely stalling the country’s largest lithium operation by capacity.According to a report by... Keep Reading...
Lithium batteries and wires with lithium periodic symbol and rocks on a dark surface.

Smackover Lithium and LG Energy Ink Decade-Long Supply Agreement

LG Energy Solution (KRX:373220) signed a binding 10 year take-or-pay agreement to secure 80,000 metric tons (MT) of battery-grade lithium carbonate from Smackover Lithium.Total supply volume will provide enough cathode material to produce batteries for approximately 1.8 million high-performance... Keep Reading...
Rapid Critical Minerals logo

Webbs Silver: 300M Expansion, 3rd Rig Added!

Rapid Critical Metals Limited (ASX: RCM, RCMO) (“Rapid” or “the Company”) is pleased to announce a standout set of silver assay results from the ongoing drilling program at its 100%-owned Webbs Silver Project in northern New South Wales (Webbs or the Project), headlined by 4m at 1,230 g/t AgEQ... Keep Reading...
Bronze statue of Lady Justice holding scales, in front of a blurred Canadian flag background with red maple leaf.

Lithium Chile Challenges Canadian Review of China Deal

Lithium Chile (TSXV:LITH,OTCPL:LTMCF) is challenging the Canadian government’s jurisdiction over a national security review that threatens to stall the sale of its Argentine subsidiary to China Union Holdings.The Calgary-based exploration company announced it is evaluating legal and... Keep Reading...
Five sleek, metallic objects with bullet and rectangular shapes stand upright on a light gray background.

Batteries: A Strategic Asset for National Security

The battery narrative largely focuses on electric vehicles (EVs) and electronics, but batteries also play a pivotal role in defense applications, a segment that is becoming key amid heightened geopolitical tensions. From emergency response equipment and communications infrastructure to broader... Keep Reading...

Interactive Chart

Latest Press Releases

Related News