FREE DAILY STOCK MARKET NEWS

FREE DAILY STOCK MARKET NEWS

Charger move on Lake Johnston lithium

8 September 2022 09:06
ASX: CHR
FFrs Scaled 1

Charger Metals have circled the December quarter to begin drilling the high priority Medcalf lithium prospect after wrapping up geochemistry and mapping programs over its Lake Johnston holdings 450 kilometres east of Perth.

Drilling will occur just 70 kilometres east of Mt Holland, understood as one of the largest undeveloped hard rock lithium projects in the nation.

Medcalf boasts an outcropping pegmatite cluster at least 500 metres long with assays ranging between 1.51 and 7.15 per cent lithium oxide — with the predominant lithium mineral being desirable spodumene, known for both high lithium content and rates of extraction.

CHR Medcalf Map

Medcalf Lithium Prospect showing mapped pegmatites, soil sample and rock chip locations.

The company said its geological team was finishing up the prerequisites for approvals.

“The Prospect hosts an extensive area of spodumene bearing pegmatite swarms that will be drilled soon after the statutory approvals process is complete,” managing director David Crook said.

Maiden drill planning over its Bynoe lithium and gold project is well underway, with assays awaited from Coates after completing drilling over the nickel-copper-cobalt PGE project.

CHR’s Australian Stock Exchange-listed share price was trading at 46c today (8.18 am UTC+8 hours).

The Market Bull Logo

FREE DAILY STOCK MARKET NEWS

Join our mailing list to receive the latest stock market news.

You have Successfully Subscribed!

Share This