Charger Metals Extends Medcalf West Lithium Mineralisation at Lake Johnston

Charger Metals NL ( (AU:CHR) ) just unveiled an announcement.

Charger Metals has advanced drilling at its Lake Johnston Lithium and Gold Project, completing 3,418m of diamond and RC drilling this quarter across the Medcalf and Medcalf West deposits, bringing total holes to 75. The program targets stacked, near-surface spodumene‑bearing pegmatite swarms that appear well suited to open‑pit mining and are located within trucking distance of multiple processing plants.

New diamond drill assays from Medcalf West, including hole CLMRC055DT, have extended spodumene mineralisation to a vertical depth of at least 215m, with combined spodumene widths of 22.35m averaging 1.36% Li2O and associated tantalum. These results support the conceptual Medcalf West exploration target of 3–5Mt at 1.0–1.4% Li2O and are expected to feed into a revised Medcalf lithium resource estimate that the company anticipates will significantly increase the current 8.2Mt at 1.0% Li2O maiden resource.

The most recent analyst rating on (AU:CHR) stock is a Sell with a A$0.07 price target. To see the full list of analyst forecasts on Charger Metals NL stock, see the AU:CHR Stock Forecast page.

More about Charger Metals NL

Charger Metals NL is an Australian exploration and development company focused on lithium and gold, with its key asset being the 100%-owned Lake Johnston Lithium and Gold Project in the Yilgarn region of Western Australia. The Medcalf Spodumene Project within Lake Johnston benefits from proximity to four existing spodumene processing plants and is about 200km by road from the Esperance export port, underpinning its strategic positioning in the lithium supply chain.

Average Trading Volume: 502,013

Technical Sentiment Signal: Sell

Current Market Cap: A$6.65M

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