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Charger fired up on maiden campaign

7 April 2022
ASX: CHR
Jack Baker

Charger Metal’s confirmation of massive nickel-copper-platinum group targets has the battery metal explorer-like a greyhound in the slips to begin maiden drilling at its Coates project near Julimar, just 65 kilometres northeast of Perth.

The confirmation also marks a significant milestone for the company – holding 70 per cent interest in the Lake Johnston Lithium project in Western Australia and the promising Bynoe Lithium and Gold project in the Northern Territory.

Amid surging copper and nickel markets, its first tilt at the mouthwatering score will start with five-diamond core drill holes followed by downhole surveys.

Charger said the site is drill ready with extensive previous exploration providing a host of multimineral targets close to a world-class 17 million ounce palladium equivalent project.

“We have produced a drill target in the emerging PGE and nickel province that demands attention at record nickel and palladium prices,” managing director David Crook said.

The company is preparing to begin drilling pending exploration approvals.

CHR’s Australian Stock Exchange-listed share price has risen 10 per cent today, selling at 88c (10.19 am UTC+ 8 hours).

COMPANY OVERVIEW

Charger has acquired interests in a portfolio of tenements that are considered by the Board to be prospective for demand-driven metals associated with the renewable energy sector. The Project portfolio includes a 70% interest in the Coates Ni-Cu-Co-PGE Project and the Lake Johnston Lithium Project in Western Australia; and the Bynoe Lithium and Gold Project in the Northern Territory. In addition, Charger has also entered into a separate option agreement to acquire an 85% interest in the Coates North Project which adjoins the Coates Ni-Cu-PGE Project.

COMPANY INFORMATION

ASX: CHR

Website

https://chargermetals.com.au/
https://www2.asx.com.au/markets/company/chr

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