Drilling Commences at Lake Johnston

Charger Metals NL (ASX: CHR, “Charger” or the “Company”) is pleased to announce that RC drilling is underway at its Lake Johnston Lithium Project (“Lake Johnston”), in Western Australia. This work is being funded by Rio Tinto Exploration Pty Limited (“RTX”) pursuant to RTX’s farm-in agreement with Charger in relation to the project.1

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HIGHLIGHTS:

• Reverse circulation (RC) drilling has commenced at the Lake Johnston Lithium Project, WA.
• Two drill programmes for up to 5,000m in total will test priority lithium targets including:
  • the strike extensions of the known high-grade spodumene mineralisation at the Medcalf Prospect; and
  • first holes into the large surface lithium anomalies at the Mt Gordon Prospect.
• The programmes are expected to take 6 – 8 weeks.

Charger’s Managing Director, Aidan Platel, commented:

“We are excited to have commenced our RC drill programmes at Lake Johnston. The priority drill targets are in and around the Medcalf Prospect where we have previously confirmed a high-grade spodumene system. We are also eager to drill our first holes into the Mt Gordon Prospect which has excellent lithium potential, and will keep the market informed as results are received.”

Photograph 1 –RC drill rig set up on the first planned drill-hole to test the 1.2km trend of spodumene- bearing pegmatites to the southwest of the Medcalf Spodumene Prospect (see Figure 2).

RC drill programmes of up to 5,000m will test priority lithium targets at the greater Medcalf Prospect and the Mt Gordon Prospect.

At the greater Medcalf Prospect, drilling will test for potential strike extensions to the known high- grade lithium mineralisation associated with spodumene-bearing pegmatites intersected in previous drilling campaigns (Figure 1). 2 It will also target the ~1.2km strike of outcropping spodumene-bearing pegmatites that trends to the southwest from the main Medcalf mineralisation, where rock chips resulted in up to 4.2% Li2O (Figure 2).

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