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Charger Metals NL (ASX:CHR)

ALERT: Price-sensitive ASX Announcement for CHR
Current share price for CHR : $0.090 0.005 (5.88%)+
Announcement
Release
23 Jun 2026 9:07AM
Price at Release
$0.085
Full Release
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Summary
Charger Metals NL has announced a significant 34% increase in the Mineral Resource Estimate (MRE) of its Medcalf Lithium Deposit at the Lake Johnston Lithium Project in Western Australia. The updated MRE now stands at 10.6 million tonnes at 1.0% Li2O and 107 ppm Ta2O5. This expansion was achieved through less than 11,000 meters of drilling. The deposit remains open for further exploration, suggesting potential for continued growth. Alongside Medcalf, an additional resource, Medcalf West, has been identified with an exploration target of 3 to 5 million tonnes at 1.0% to 1.4% Li2O and 100 ppm to 150 ppm Ta2O5. Charger Metals is focusing on further drilling and metallurgical studies to assess the full potential of these resources.
Key Points
  • Medcalf Lithium Resource increased by 34% to 10.6Mt @ 1.0% Li2O.
  • Additional Medcalf Tantalum MRE of 2.2Mt @ 132ppm Ta2O5.
  • Medcalf and Medcalf West remain open at depth and along strike.
  • Exploration target at Medcalf West is 3 – 5Mt @ 1.0% – 1.4% Li2O.
  • Charger plans further drilling and metallurgical studies.
  • Deposit is economically favorable due to its shallow depth.
  • Potential for significant resource growth with further exploration.
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.