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Charger Metals drills into Yilgarn promise

25 July 2022
ASX: CHR
Tim Cornish

Charger Metals will interrogate promising areas for a suite of battery metals at the up-and-coming Coates project in the minerals in Western Australia’s mineral-rich West Yilgarn region.

The maiden drill program ⁠— within the Jimperding Metamorphic Belt and close to the 20 million ounce oz Julimar – Gonneville nickel-copper — will have five targets plus electromagnetic testing to assess the potential copper and PGE mineralisation further.

Previously fixed loop electromagnetic (FLTEM) testing revealed two highly conductive areas in the north sites, indicating the possibility of massive copper, nickel or volcanogenic sulphide deposits.

The company said it was upbeat about success following the fixed-loop electromagnetic surveys.

“We are very pleased to get the company’s maiden drilling campaign underway at the Coates Project, which will test a compelling nickel-copper-PGE target,” managing director David Crook said.

“When we combine the interpretation provided by our geophysical consultant of the completed fixed-loop electromagnetic survey with our existing geochemical data, we have produced an outstanding drill target in the emerging Western Yilgarn PGE and nickel province”.

Charger Metal’s Australian Stock Exchange-listed share price is trading at 48c today (1:22 pm 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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