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Charger Metals NL (ASX:CHR)

ALERT: Price-sensitive ASX Announcement for CHR
Current share price for CHR : $0.090 0.003 (3.45%)+
Announcement
Release
2 Jul 2026 9:36AM
Price at Release
$0.087
Full Release
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Summary
The PDF document from Charger Metals NL details the metallurgical results from the Medcalf Spodumene Project, emphasizing successful lithium and tantalum ore sorting using TOMRA XRT technology. The results indicate a significant increase in lithium grades and recovery rates, with a substantial reduction in iron content. The Medcalf deposit, characterized by its amphibolite and granite geology, shows promising results in rejecting mining dilution and enhancing lithium yield through ore sorting. Further stages of metallurgical testing and project development are planned, with potential open pit and underground mining methods being considered.
Key Points
  • Charger Metals NL reports excellent Medcalf metallurgical results.
  • Medcalf Spodumene Project shows successful ore sorting.
  • TOMRA XRT technology used for lithium and tantalum sorting.
  • Significant increase in lithium grades and recovery rates.
  • Substantial reduction in iron content in sorted ore.
  • Geology consists of amphibolites and granite intrusions.
  • Potential for open pit and underground mining at Medcalf.
  • Further metallurgical testing and project development planned.
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.