Charger (ASX:CHR) and Bryah (ASX:BYH) rally on TG Metals (ASX:TG6) Burmeister lithium discovery
Charger Metals and Bryah Resources have made sizable gains in their share prices in morning trade after discovering lithium horizons near TG Metals’ Burmeister discovery.
Charger’s share price rose by 33.3%, while Bryah’s share price gained almost 100%.
Charger’s new Mt Gordon lithium targets for its Lake Johnston Lithium project in Western Australia are located near TG Metals, which discovered the Burmeister lithium deposit.
The company’s soil sampling results produced new targets, including a soil anomaly extending more than 3 kilometers on its tenement boundary with TG Metals.
Bryah’s CEO, Ashley Jones, said TG Metals’ recent success has put a strong emphasis again on Bryah’s Lake Johnston area.
“We have already shown that we have LCT type pegmatites on Bryah’s tenements with 403ppm Li2O at the Roundbottom prospect, so we know the potential,” Mr Jones said.
TG Metals has seen an 845% increase in share price in the past month after unveiling intersecting high-grade lithium of up to 2.28% at Burmeister.
The company has started phase 2 drilling at the project, planning 13 additional drill holes along the strike and extending to the north, south and west of the Burmeister lithium soil anomaly.
About Charger Metals
Charger Metals NL (ASX:CHR) is exploring the Bynoe Lithium Project in the NT, surrounded by Core Lithium’s Finnis Lithium Project. Charger is also advancing the Lake Johnston Lithium Project and the Coates Nickel Copper PGE Project in WA.
About Bryah Resources
Bryah Resources Limited is a mineral exploration company established to explore and discover high-grade copper-gold resources in its two project areas in the Bryah Basin and at Gabanintha in the Meekatharra region of Western Australia.
About TG Metals
TG Metals Limited (TG6) is pursuing nickel, lithium and gold exploration and development opportunities in Western Australia, with its key project located within the Lake Johnston Greenstone belt in the Goldfields-Esperance region of Western Australia, approx 450km east of Perth.