FREE DAILY STOCK MARKET NEWS

FREE DAILY STOCK MARKET NEWS

Charger launch at Lake Johnston

2 December 2022 10:05
ASX: CHR

Charger Metals have begun to spin on its Lake Johnston lithium, commencing its maiden campaign on the project near one of the largest undeveloped lithium resources in the world.

It begins heightened exploration near the Earl Grey Deposit, estimated to hold a world class 94.2 Mt at 1.5 per cent lithium oxide.

The Medcalf Spodumene Prospect is the key focus, drilling into a cluster of 20 outcropping spodumene pegmatite dykes which have returned assays up to 7.15 per cent lithium oxide.

Ahead of the campaign, Charger have upped its stake in the area, acquiring a license in the area’s ‘goldilocks zone’, considered to have heightened prospectivity for LCT pegmatites, which have been mapped in number at its nearby Mt Day Prospect.

“Charger Metals has commenced drilling its maiden drilling programme into the Medcalf Spodumene Prospect, the initial programme aims to test a 300m by 800m outcropping pegmatite swarm,” managing director David Crook said.

There are also Charger boots on ground at the Bynoe lithium project in the Northern Territory, greenlit to ramp up for a twinning lithium campaign.

CHR’s Australian Stock Exchange-listed share price has risen 4.63 per cent today, currently selling at 56.5c (9.53 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