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Charger Metals NL ( (AU:CHR) ) has shared an update.
Charger Metals NL reported significant progress in its lithium exploration efforts for the quarter ending December 2024. At the Lake Johnston Lithium Project, the company completed a series of reverse circulation drill-holes and prepared for diamond drilling at Mt Day Prospect, supported by a farm-in agreement with Rio Tinto Exploration Pty Ltd. Additionally, Charger Metals secured full ownership of the Bynoe Lithium Project, with high-grade lithium mineralization trends noted by Core Lithium Ltd extending towards its tenement. The company also raised $0.77 million through an entitlement offer and maintained a cash reserve of $2.49 million, positioning itself for future growth in the battery metals sector.
More about Charger Metals NL
Charger Metals NL is a battery minerals exploration company focused on lithium projects. The company operates primarily in Western Australia and the Northern Territory, with key projects including the Lake Johnston Lithium Project and the Bynoe Lithium Project. Charger Metals aims to capitalize on the growing demand for battery metals by exploring and developing high-grade spodumene deposits.
YTD Price Performance: -8.57%
Average Trading Volume: 73,294
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$7.43M
Learn more about CHR stock on TipRanks’ Stock Analysis page.
