Charger Metals Lodges Mining Lease for Expanding Medcalf Lithium Project at Lake Johnston

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

Charger Metals has lodged a mining lease application (ML 63/691) over its 100%-owned Medcalf lithium deposit and the adjacent Medcalf West exploration target at the Lake Johnston Lithium and Gold Project in Western Australia, covering 3,644 hectares on Ngadju traditional lands. The lease area includes the maiden Medcalf Mineral Resource Estimate of 8.2 million tonnes at 1.0% Li2O and the conceptual Medcalf West exploration target, with both areas remaining open for expansion. Charger plans to begin a fully permitted diamond and reverse circulation drilling program in January 2026 to test extensions of the existing resource and the underexplored Medcalf West zone. Management highlights that Medcalf sits in the world’s largest spodumene province, within trucking distance of four spodumene concentrate plants and near the Port of Esperance, and notes the recent rebound in spodumene concentrate prices as supportive of potential development, underscoring the project’s potential to grow into a resource comparable with other major Yilgarn lithium deposits under feasibility and development.

More about Charger Metals NL

Charger Metals NL is an Australian exploration and development company focused on lithium and gold projects, with a key asset at the Lake Johnston Lithium and Gold Project in the Yilgarn Province of Western Australia. Its primary products in development are spodumene-hosted lithium resources, strategically located within trucking distance of multiple spodumene concentrate plants and export infrastructure, positioning the company to serve growing lithium demand.

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Technical Sentiment Signal: Buy

Current Market Cap: A$9.06M

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