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The latest update is out from Charger Metals NL ( (AU:CHR) ).
Charger Metals NL has announced a maiden inferred mineral resource estimate for the Medcalf Lithium Deposit at its Lake Johnston Lithium Project, indicating a significant potential for lithium extraction. The estimate of 8.2 million tonnes at 1.0% Li2O, along with an exploration target at Medcalf West, highlights the project’s growth potential. The ongoing exploration, funded by Rio Tinto Exploration Pty Limited, aims to expand the lithium resources, enhancing Charger Metals’ position in the lithium market.
More about Charger Metals NL
Charger Metals NL is a company operating in the mining industry, focusing on the exploration and development of lithium resources. Their primary market focus is on lithium projects, particularly the Lake Johnston Lithium Project in Western Australia.
Average Trading Volume: 168,945
Technical Sentiment Signal: Buy
Current Market Cap: A$7.66M
See more insights into CHR stock on TipRanks’ Stock Analysis page.