Charger metals

Charger’s Targeting Suggests Large Lithium System At Its Bynoe Lithium Project

Charger Metals NL (ASX: CHR, Charger or the Company) is pleased to provide an update for its Bynoe Lithium Project in Australia’s Northern Territory. The Bynoe Lithium Project’s ownership is 70% Charger and 30% Lithium Australia NL (ASX: LIT) and is surrounded by Core Lithium Ltd’s (ASX: CXO) Finniss Lithium Project (which has a JORC 2012 compliant Mineral Resource2 totalling 15Mt at 1.3% Li2O).

HIGHLIGHTS

  • Recent geochemistry and aeromagnetic programs completed by Charger, combined with drilling information provided to the market by Core Lithium Ltd (ASX: CXO), suggests multiple swarms of lithium-caesium- tantalum (LCT) pegmatites that extend from the adjacent Finniss Lithium Project into Charger’s Bynoe Lithium Project.
  • The geochemistry results highlight two large LCT pegmatite target zones, with significant strike lengths of 8km at Megabucks and 3.5km at 7-Up.
  • Within each pegmatite zone, drill-ready lithium targets have been identified including at the Megabucks, Jenna’s, Enterprise 1, Enterprise 2, Riverside and 7-Up pegmatites.
  • Charger’s aeromagnetic survey imagery indicates that recent drilling by Core Lithium Ltd:
    • Which intersected high grade spodumene mineralisation at its Ah Hoy prospect1, is located 3km northeast along trend from Charger’s 7-Up prospect; and
    • Which intersected lithium-fertile LCT pegmatites at Centurion, is 600m southwest along trend from Charger’s Enterprise 1 Prospect.
  • Planning and permitting for the maiden drill programme at the Bynoe Lithium Project is advancing.

Comment from Charger’s Managing Director, DavidCrook

“Charger’s 2021 geochemistry program has very successfully outlined two large pegmatite emplacement zones which extend for up to 8km, centred on the Megabucks and the 7-Up prospects respectively.

Theinterpretationofallgeochemistryresultssuggestalargelithium-mineralisedsystemandprovidesChargerwith an exploration roadmap, enabling prioritization of the most significant drill-ready targets while identifying areas that need further infill soil sampling andmapping.

The Company is advancing planning and permitting towards its maiden drilling program at Bynoe, aimed to commence at the cessation of the Northern Territory wetseason.”

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)
Lithium Africa CEO Tyron Breytenbach.

Lithium Africa CEO Makes Case for Lithium Investing Amid Bear Market

The CEO of Lithium Africa is making a case for investing in lithium during the current bear market, saying recent moves by major players such as Rio Tinto (ASX:RIO,NYSE:RIO,LSE:RIO) indicate confidence in the market's longer-term potential.

“(Rio Tinto) is the second biggest miner of commodities on the planet. And late last year, they did the Arcadium Lithium transaction, which is the second largest transaction in corporate history, and they've picked lithium," Tyron Breytenbach said during an interview with the Investing News Network.

"Shortly after that, they followed on with a big, multibillion-dollar investment in Chile. Again, the commodity they picked was lithium."

Keep reading...Show less
Truck with drill rig at sunset in a dry, grassy landscape.

Rock Bottom: Strategic Window for Ground-level Lithium Investment in 2025

When lithium prices hit bottom, savvy investors know that’s exactly where the next big discovery begins — literally. Beneath the surface of global markets and remote exploration grounds, new opportunities are forming in the wake of a sharp price reset and renewed geopolitical urgency.

Macroeconomic and policy shifts in 2025 are creating ideal conditions for those willing to look past the headlines. While volatility in lithium prices has tempered short-term sentiment, the underlying demand trajectory remains strong. With governments reshaping supply chains to reduce reliance on China and accelerate the energy transition, lithium is emerging not only as a critical resource, but as a strategic investment theme with long-term upside.

For investors, this reset isn’t a retreat; it’s a rare chance to get in early, at ground level.

Keep reading...Show less
Astute Metals NL

Beneficiation Delivers 4,480ppm Lithium Clay Concentrate at Red Mountain Project, USA

Latest results reinforce ability to upgrade Red Mountain mineralisation

Astute Metals NL (ASX: ASE) (“ASE”, “Astute” or “the Company”) is pleased to report further positive results from the latest phase of beneficiation testwork for its 100%-owned Red Mountain Lithium Project in Nevada, USA. The results continue to strengthen the Project’s commercial development potential.

Keep reading...Show less
Pursuit Minerals

Pursuit Dispatchs 99.5% Lithium Carbonate Samples to Potential Strategic Partners as Feasibility Studies Progress

Pursuit Minerals Ltd (ASX: PUR) (“PUR”, “Pursuit” or the “Company”) is pleased to announce that high- purity lithium carbonate samples have been dispatched to multiple parties as part of its engagement with prospective offtake and strategic partners. The samples were produced from the Company’s 250tpa Pilot Plant in Salta, Argentina, using synthetic brine chemically identical to that of the Rio Grande Sur Lithium Project.

Keep reading...Show less

Latest Press Releases

Related News

×