Charger Metals Completes Flyover Investigation at Coates Project

THE CONFERENCE CALLER: Charger Metals recently listed on the ASX targeting battery-component and precious metals.

The company arrived with a portfolio consisting three projects, two in Western Australia and the third in Northern Territory.

The Coates nickel-copper-gold PGE project in WA (Charger 70%-85% interest) is approximately 20 kilometres SE of Chalice Mining’s Julimar nickel-copper-gold-PGE discovery.

Coates has SkyTEM anomalies, some with coincident nickel, copper, gold and PGE geochemistry anomalies that the company has identified as priority targets for further testing.

Charger just announced identification of a cluster of HEM anomalies at the priority Target 1 via a SkyTEM aerial survey.

The survey showed Target 1 consists of a cluster of 19 HEM anomalies that have been interpreted to form several parallel conductors extending over 1500 metres of strike length.

The Target 1 conductors sit immediately adjacent to magnetic features interpreted to be components of the Coates mafic intrusion.

The northern end of Target 1 has a nickel-copper-gold-PGE geochemistry anomaly, while the southern end of the target has previously not been tested.

Some of the other targets are less extensive but are considered good conductors by Charger and will be progressively further tested, including Target T8, which is highly conductive and along strike from the Target T1.

The second WA project, Lake Johnston lithium and gold project (Charger 70%-100%), includes the Medcalf spodumene discovery and much of the Mount Day lithium caesium tantalum (LCT) pegmatite field.

The region has attracted considerable interest for LCT Pegmatite mineralisation due to its proximity to the large Earl Grey lithium deposit (owned by Wesfarmers Limited and SQM of Chile), located approximately 70km west.

In the Northern Territory, the Bynoe lithium and gold project sits within the Litchfield Pegmatite Field.

The area has a history of tin mining and is demonstrably prospective for tantalum and alkali metals including spodumene, which are primarily hosted in LCT pegmatites.

The Bynoe project is surrounded by the extremely large tenement holdings of Core Lithium’s Finnis lithium project that is at a very advanced stage of development having had completed a definitive Feasibility Study in April 2019.