InvestSMART

Charger Metals NL (ASX:CHR)

ALERT: Price-sensitive ASX Announcement for CHR
Current share price for CHR : $0.081 -0.009 (-10%)+
Announcement
Release
7 May 2026 10:22AM
Price at Release
$0.090
Full Release
download
Summary
Charger Metals NL's presentation at the RIU Sydney Resources Round-up highlights their focus on lithium and gold exploration projects in Australia, particularly the Lake Johnston and Bynoe Projects. They report significant lithium resources at Lake Johnston, with inferred resources of 8.2Mt at 1.0% Li2O and new gold discoveries, notably the Xmas Gold Discovery. The Bynoe Project offers untapped potential, strategically located near established lithium operations. With lithium prices surging over 160% in the last year, Charger Metals is well-positioned financially to capitalize on their exploration efforts, supported by a strong capital structure and market conditions.
Key Points
  • Charger Metals NL discussed their strategic projects, primarily focusing on the Lake Johnston Lithium and Gold Project and the Bynoe Lithium Project.
  • The Lake Johnston Project hosts an inferred mineral resource of 8.2Mt at 1.0% Li2O with significant potential to grow.
  • The Xmas Gold Discovery at Lake Johnston revealed high-grade gold intercepts such as 3m at 18.0 g/t Au.
  • The Bynoe Project is positioned along strike from Core Lithium's Finniss Project and remains largely untested, indicating strong exploration potential.
  • The lithium market is experiencing significant price increases, with spodumene concentrate and lithium carbonate prices both up over 160% in the past year.
  • The company emphasizes its well-funded position with a tight capital structure, leveraging exploration success.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.