Charger Metals

Lithium and Niobium Anomalies Defined at Mt Gordon

Charger Metals NL (ASX: CHR, “Charger” or the “Company”) is pleased to announce that results have been received for the infill soil sampling programme completed across the Mt Gordon Prospect 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.2

  • Infill soil-sampling programme has further delineated surface lithium anomalies at the Mt Gordon Prospect at Lake Johnston, including anomalies not previously identified.
  • New lithium anomalies have been defined near historic drill-holes that logged pegmatite intersections with elevated lithium values.1
  • The soils programme has also defined a large niobium anomaly 1.8 km by 1.7 km in the south of the tenement.
  • Field mapping and potential air core (AC) drilling is required to determine the source of the elevated niobium at surface.
  • Approvals for reverse circulation (RC) drill programmes at Mt Gordon and Medcalf are expected to be received later this quarter.
An infill soil sampling programme was completed last month across the Mt Gordon Prospect, which comprises large soil anomalies (>100ppm Li2O) extending for over 3km,3 and which lies adjacent to the Jaegermeister Lithium Prospect delineated by TG Metals Ltd (ASX:TG6).4

864 samples were taken at 50m spacing on infill lines which reduced sample line spacing to 200m (see Figure 1).

The results from the closer-spaced samples have better defined the large lithium soil anomalies at Mt Gordon, as shown in Figure 1. Furthermore, new more discreet lithium anomalies have been defined. In particular, a new lithium surface anomaly has been delineated in close proximity to a historic diamond drill-hole MGD002, in which thin pegmatite intervals with elevated lithium values were logged at depth.1

Charger’s Managing Director, Aidan Platel, commented:

“The results from the recent phase of soil sampling at Mt Gordon have successfully increased the resolution of the large lithium surface anomalies defined by the first phase of sampling, thus providing more accurate targets for the upcoming RC drill programme.

The new, more subtle lithium anomalies defined by the recent soils exhibit good prospectivity, particularly the anomaly in proximity to known lithium-bearing pegmatites intersected in historical drilling.

We continue to work with the Department of Mines Department of Energy, Mines, Industry Regulation and Safety (DMIRS) with regards to our drilling approvals, with the next phase of RC drilling scheduled for next month.”

Figure 1. Mt Gordon Lithium Prospect showing the 100ppm Li2O soil anomalies relative to soil sample locations and the adjacent TG Metals Ltd’s prospects.5

In addition to the lithium anomalies, the results from the recent phase of soil sampling at Mt Gordon have defined a large niobium (Nb) anomaly in the south of the tenement (Figure 2). The anomaly (>10ppm Nb) covers an area of approximately 1.8km by 1.7km with results up to 21.4ppm Nb and is coincident with an underlying magnetic high (Figure 2). Further work such as field mapping and sampling, and potentially shallow AC drilling, is required to determine the potential source of this large anomaly (this is yet to be considered by RTX under the current funding arrangements).

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.

The Conversation (0)
Talga Group

SQM to join Talga in Swedish Lithium Project

Battery materials and technology company Talga Group Ltd (“Talga” or “the Company”) (ASX:TLG) is pleased to announce that it has entered into an Earn-in Agreement (“Agreement”) with world- leading lithium miner and producer Sociedad Química y Minera de Chile S.A. (via its subsidiary SQM Australia Pty Ltd) (“SQM”) (NYSE:SQM; SSE:SQM-B, SQM-A), over Talga’s Aero Lithium Project (“Aero”) in Sweden.

Keep reading...Show less
Cleantech Lithium Executive Chairman and Interim CEO Steve Kessler.

Cleantech Lithium’s ASX Listing Taps into Sustainability-focused Investors

The decision to list on the ASX is a significant strategy for Cleantech Lithium (AIM:CTL), according to Steve Kessler, the company’s executive chairman and interim CEO. Already listed on the AIM market in the UK, the company recognises the advantages of dual listing in Australia, a country well-versed in mining and resource investments.

“There's deeper pools of finance available in Australia for mining and resource stocks,” explained Kessler.

Australia’s familiarity with lithium, with approximately 30 lithium companies listed on the ASX, means there is natural synergy and substantial market knowledge among investors. Kessler noted that the company's leading shareholder, Regal Funds from Sydney, underscores the value of this dual listing as a vehicle to tap into broader financial resources and an informed investor base.

Keep reading...Show less
A battery on a blue background.

Lithium Supply Chain Conference to Bring Industry Leaders to Las Vegas

Fastmarkets' first Lithium Supply and Battery Raw Materials Conference was held in 2009 in Santiago, Chile, emerging amid the financial crisis and providing vital insights into the booming lithium market.

Now in its 16th year, the event has consistently attracted influential figures from the battery raw materials industry, offering excellent networking opportunities while maintaining a global perspective.

Held in cities such as Toronto, Buenos Aires, Shanghai, Montreal and Las Vegas, the conference has evolved to enhance the delegate experience, featuring visits to mines and lithium facilities, along with roundtable discussions, masterclasses, Q&As and other formats, allowing attendees to gain insights in various ways.

Keep reading...Show less
Astute Metals NL

Significant Lithium Discovery in Inaugural Drill Campaign at Red Mountain Project, USA

Assays from first three holes intersect high-grade lithium mineralisation

Astute Metals NL (ASX: ASE) (“ASE”, “Astute” or “the Company”) is pleased to advise that assays results from the first three holes of the maiden RC drilling campaign at its 100%-owned Red Mountain Lithium Project in Nevada, USA have returned high-grade mineralisation, indicating the potential discovery of a significant lithium deposit.

Keep reading...Show less
Lightning Minerals

Deal Completion on Acquisition of Bengal Mining and Brazilian Lithium Projects

Lightning Minerals(L1M or the Company) is pleased to announce completion of the acquisition of Bengal Mining (Bengal). Bengal holds, via its wholly owned subsidiary Tigre Mineracao Ltda (Tigre) option agreements over two lithium projects, Caraíbas and Sidrônio (the Projects). The Projects are located in Brazil’s prolific Lithium Valley district in the state of Minas Gerais in proximity to Latin Resources’ (ASX: LRS) Colina project1 hosting 70.9Mt @ 1.25% Li20 and Sigma Lithium’s (NASDAQ: SGML) Grota do Cirilo project2 hosting 108.9Mt @ 1.41% Li20.

Keep reading...Show less
QX Resources

Large Basin Confirmed in Drillholes with Multiple Brine Horizon Targets - Liberty Lithium Brine Project USA

QX Resources Limited (ASX: QXR, ‘QXR’) can confirm that the Liberty Lithium brine project in California, USA, is a large brine basin with numerous brine aquifers, shown in downhole sampling and geophysics in the second hole of the Company’s two-hole diamond drill program (Table 1).

Keep reading...Show less

Latest Press Releases

Related News