Charger Metals Tightens Grip on Lake Johnston as Drilling Uncovers High-Grade Gold

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

Charger Metals has amended an error in its December 2025 Quarterly Activities Report relating to drill results at the Richard Gold Prospect, clarifying an intercept of 8 metres at 0.86 grams per tonne gold from 60 metres. In its quarterly update, the company confirmed it has retained full ownership of the Lake Johnston Lithium and Gold Project following Rio Tinto Exploration’s withdrawal after funding $4.2 million of exploration, equity subscription and cash payments, and reported progress toward future mine development via a mining lease application over the Medcalf spodumene deposit and adjacent exploration target. Recent drilling at Lake Johnston returned high-grade gold intercepts at the under-explored Xmas Gold Discovery and additional gold mineralisation at the Richard Gold Prospect, with a further 3,000-metre diamond and reverse circulation drilling program now underway, while the company ended the quarter with $1.39 million in cash and has subsequently secured $2.26 million in additional funding, supporting ongoing exploration and project advancement.

The most recent analyst rating on (AU:CHR) stock is a Hold with a A$0.12 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 lithium and gold exploration company focused on its 100%-owned Lake Johnston Lithium and Gold Project in Western Australia. The company is advancing the Medcalf spodumene lithium deposit and associated exploration targets, alongside emerging gold prospects such as the Xmas Gold Discovery and Richard Gold Prospect, positioning itself in the battery metals and precious metals exploration markets.

Average Trading Volume: 638,270

Technical Sentiment Signal: Buy

Current Market Cap: A$13.35M

For an in-depth examination of CHR stock, go to TipRanks’ Overview page.