Charger (ASX:CHR) begin at Bynoe

Charger Metals have spun up a 2000 metre RC drill campaign on the high priority lithium targets revealed at its Bynoe Project in Australia’s Northern Territory.

The first pass programme will tap into three priority target areas that Charger exploration has spot lit as having high prospectivity for significant pegmatite-hosted lithium.

CHR.AX

CHARGER FPO [CHR]

ASX

$0.043

$0.0000

0.00%

Charger Managing Director Aidan Platel said the company was thrilled to have begun cracking into an exciting new hard-rock Australian lithium project.

The first-pass programme will drill test priority targets at the Old Bucks, Megabucks and Enterprise Prospects, all of which are located in a structural corridor directly along strike from Core Lithium Limited’s operating Finniss Lithium Mine,” Mr Platel said.

“Samples will be submitted to a certified laboratory in Darwin on a regular basis and we look forward to updating the market as the assay results come to hand.”

Old Bucks comprises a strong lithium anomaly with visible pegmatites at surface, extending over 800 metres in strike and up to 500 metres wide, and Megabucks also exhibits a lithium-in-soils anomaly up to 800 metres long.

And the third high-priority target, Enterprise, notably sits along strike from the thick, high-grade intercepts recorded at Core’s Blackbeard prospect.

The campaign is expected to carry on over the next three weeks and bring in fresh results for a lithium market primed for a rebound.

Prospects of maiden drill programme and Core Lithium drill-holes at the Blackbeard Prospect

CHARGER FPO [CHR]

Sector: Basic Materials

Industry: Other Industrial Metals & Mining

Employees:

Charger Metals NL engages in the exploration for battery metals. The company explores for nickel, copper, lithium, and platinum group elements. Its project portfolio includes a 100% interest in the Lake Johnston project located in Perth, Western Australia; 85% interest in the Coates project situated in Wundowie, Western Australia; and 70% interest in the Bynoe lithium project in the northern Territory. The company was incorporated in 2020 and is based in Subiaco, Australia. As of October 29, 2024 Charger Metals NL (ASX : CHR) operates as subsidiary of Core Lithium Ltd.

Please note the following valuable information before using this website. 

Independent Research 

Market Open Australia is intended to be used only for educational and informative purposes, and any information on this website should not be taken as investment advice or guidance. It is important to conduct your own research before making any investment decisions, which should be based on your own investment needs and personal circumstances. Any investment decisions based on information contained on this website should be taken in line with independent financial advice from a qualified professional or should be independently researched and verified.