Charger (ASX:CHR) complete first pass into Bynoe

Charger Metals has completed the first pass of reconnaissance drilling on a pair of tantalising lithium prospects at its Bynoe Project in the Northern Territory, successfully intersecting pegmatites up to 36m thick at both Megabucks and Old Bucks.

With the initial 14-hole 2045 metre program completed, a first hole has already been drilled into Enterprise, and Remote Drilling Services is on site for an additional 2000m program to focus on a prospect sitting along strike from the thick, high-grade intercepts recently recorded at Core Lithium’s Blackbeard prospect.

RDS’s RC drill rig arriving at the Enterprise Prospect

Charger Managing Director Aidan Platel said the company was pleased with the early progress of a long-awaited campaign.

“With the more capable drill rig now on-site we have the ability to drill deeper into the fresh rock, which is important because lithium is often leached from the host rock by the weathering process,” Mr Platel said.

“We look forward to drilling the planned holes at the Enterprise Prospect, and to testing some of our new drill targets which continue to emerge as our technical team spend more time on the ground,” he added.

Bynoe

The project rests within a Pine Creek orogen which includes the Bynoe pegmatite field, one of the Northern Territory’s most prospective areas for lithium and holding noted geological similarities to Greenbushes – the world’s largest hard rock lithium mine.

And Core Lithium have further proved up the region’s high lithium prospectivity, bringing in a 30.6Mt @ 1.31% Li2O resource at a Finniss Lithium flagship which encircles Charger’s tenements.

Exploration has suggested multiple swarms of LCT pegmatites extend onto Bynoe from Finniss, and geochemistry highlighted two prospective corridors with heady strike lengths and numerous drill ready targets for Charger’s initial campaign.

Forward plan

All samples from completed drilling have been submitted to the lab, and assays are expected to start coming in within the fortnight as Charger plot its next stage of exploration.

Location of completed RC drill holes and nearby results

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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.

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