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Charger Metals NL (ASX:CHR)

ALERT: Price-sensitive ASX Announcement for CHR
Current share price for CHR : $0.085 -0.006 (-6.59%)+
Announcement
Release
13 May 2026 9:46AM
Price at Release
$0.091
Full Release
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Summary
Charger Metals NL has announced positive drilling results from the Medcalf Spodumene project, part of their 100%-owned Lake Johnston Lithium and Gold Project in Western Australia. The latest drilling outcomes from the March quarter reveal significant lithium and tantalum mineralization, with holes CLMRC063DT, CLMRC064DT, and CLMRC065DT showing continued spodumene-pegmatite lode extensions and increased thickness at depth. The results indicate the presence of spodumene mineralization from the surface extending up to 700 meters down dip, suggesting a potential upgrade from the current resource estimate of 8.2 million tonnes at 1.0% Li2O. The drilling program comprised 3,418 meters, including both diamond and Reverse Circulation (RC) drilling. Although additional drilling at the Xmas Gold Prospect did not yield further significant gold intercepts, the company anticipates an upward revision of the Medcalf Lithium Resource.
Key Points
  • 3,418 meters of drilling completed at Medcalf Spodumene project.
  • Significant lithium and tantalum mineralization confirmed.
  • Holes CLMRC063DT, CLMRC064DT, and CLMRC065DT showed extended spodumene-pegmatite lodes.
  • Resource estimate anticipated to exceed the current 8.2 million tonnes at 1.0% Li2O.
  • Drilling program included both diamond and RC drilling.
  • Additional holes at Xmas Gold Prospect did not yield further gold intercepts.
  • Expected upward revision of Medcalf Lithium Resource.
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.