Charger Metals Reports 8.2Mt Lithium Resource and 12m @ 6.55g/t Gold Intercept

Exploration Momentum at Lake Johnston

Charger Metals NL is making significant strides in its lithium and gold exploration efforts, centred on its 100% owned Lake Johnston project in Western Australia. The Medcalf spodumene deposit, a key asset within this project, boasts an inferred mineral resource of 8.2 million tonnes at 1.0% lithium oxide. This maiden resource, confirmed through a limited drilling program, has already demonstrated high-grade lithium mineralisation with spodumene-bearing pegmatites extending over 700 metres of strike and remaining open for expansion.

Adding to this, the Medcalf West prospect presents a highly prospective exploration target estimated between 3 to 5 million tonnes at grades ranging from 1.0% to 1.4% lithium oxide. While this target remains conceptual pending further drilling, early rock chip samples have returned impressive lithium grades up to 4.2%, signalling strong potential for resource growth.

New Gold Discoveries Boost Project Appeal

Beyond lithium, Charger Metals has uncovered encouraging gold mineralisation at the Mt Gordon prospects within the Lake Johnston project. The recent Xmas Gold Discovery has delivered high-grade intercepts, including a standout 12 metres at 6.55 grams per tonne gold, with a 4-metre section grading 16.9 grams per tonne. This discovery area remains under-explored, with over 2 kilometres of strike yet to be adequately drill tested, offering significant upside for further gold resource delineation.

Bynoe Project – Untapped Lithium Potential

In the Northern Territory, Charger’s Bynoe Lithium Project lies strategically adjacent to Core Lithium’s Finniss project, a well-established spodumene operation. The Bynoe tenure covers approximately 63 square kilometres of a spodumene-enriched corridor, with over 20 lithium targets identified but largely untested by drilling. Early results have confirmed spodumene-bearing pegmatites, with encouraging lithium grades intersected in initial drill holes. This project benefits from proximity to existing infrastructure and port facilities, enhancing its development prospects.

Market Tailwinds and Strategic Positioning

Charger Metals is well positioned to capitalise on robust commodity markets. Lithium carbonate prices have surged by over 100% in the past year, while spodumene concentrate prices have risen by 133%, reversing a prolonged bear market. Gold prices are also at record highs, further supporting the company’s dual-commodity exploration focus. The company maintains a tight capital structure, with recent funding bolstering its capacity to advance drilling programs scheduled for early 2026.

With multiple high-grade lithium and gold targets across two tier-1 Australian jurisdictions, Charger Metals is leveraging its experienced management team and strategic assets to unlock value. The absence of offtake commitments on its WA spodumene resources adds flexibility in future development and marketing options.