Charger Metals Advances Exploration at Lake Johnston Lithium Project

The latest announcement is out from Charger Metals NL ( (AU:CHR) ).

Charger Metals NL has announced its quarterly activities report for March 2025, highlighting significant developments in its Lake Johnston Lithium Project in Western Australia. The company has agreed on a $1.1 million exploration program with Rio Tinto Exploration Pty Limited, which includes 5,000 meters of planned drilling to test priority targets. High-grade lithium was intersected at the Medcalf West Prospect, and potential economic gold mineralization was identified at the Mt Gordon tenement. The exploration efforts are funded by Rio Tinto under a farm-in agreement, allowing Charger to advance its projects despite a downturn in lithium prices. The company holds cash reserves of $1.78 million and continues to seek new project opportunities in the gold and battery metals sectors.

More about Charger Metals NL

Charger Metals NL is a company engaged in the exploration of battery minerals and gold. The company focuses on projects such as the Lake Johnston Lithium Project in Western Australia, where it explores for high-grade lithium and potential gold mineralization. Charger Metals is also involved in evaluating new opportunities within the gold and battery metals sectors.

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Average Trading Volume: 136,009

Technical Sentiment Signal: Buy

Current Market Cap: A$4.99M

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