Charger Metals Energised to Commence Exploration Activities

COMMODITY CAPERS: Charger Metals (ASX: CHR) wasted no time at all after listing in July this year before announcing it had identified a new lithium target at the company’s Lake Johnston lithium and gold project in Western Australia.

Charger Metals listed with the Lake Johnston project already including the Medcalf spodumene discovery and much of the Mount Day lithium caesium tantalum (LCT) pegmatite field.

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

An immediate soil geochemistry survey at the Lake Johnston project identified a substantial lithium anomaly in a previously untested area of E63/1903.

The anomaly demonstrated coincident lithium, caesium, and rubidium the company interpreted to be suggestive of the presence of a lithium-caesium-tantalum pegmatite.

“Soil geochemistry is often the first activity in a new area, leading the geological investigation process for a new prospect,” Charger Metals managing director David Crook said.

“It is very gratifying that Charger Metals has been rewarded with an anomaly at Lake Johnston from the first soil program since listing in an emerging lithium province.”

Charger also has a 70 per cent interest in the Bynoe lithium and gold project in the Northern Territory, within the Litchfield Pegmatite Field.

The area has a history of tin mining and is demonstrably prospective for tantalum and alkali metals including spodumene.

The Bynoe project is surrounded by the large tenement holdings of Core Lithium’s (ASX: CXO) Finnis lithium project, which is at a very advanced stage of development having had completed a definitive Feasibility Study in April 2019.

Charger has commenced field activities at Bynoe with a field crew mobilised to expand mapping and geochemical sampling.

Fourteen pegmatite anomalies have been identified within a five-kilometre-long zone from existing geochemistry.

Presently 50 per cent of the tenement remains yet to have been geochemically sampled.

A detailed aeromagnetic survey scheduled to be flown by the end of August.

“Charger Metal’s programs of mapping, geochemistry and aero-magnetics now underway at the Bynoe lithium project are designed to refine the five-kilometre-long cluster of lithium targets to a point where a substantial drilling program can be planned,” Crook said.