Latest Charger Metals (ASX:CHR) News

Charger Metals has completed the unconditional sale of its Bynoe Lithium Project to Core Lithium’s subsidiary for $3.75 million upfront, with further payments tied to resource milestones and a capped royalty. The deal frees capital for Charger’s Lake Johnston lithium exploration and development plans.

Speculation ran hottest in junior resources, where drilling hits, study results and funding deals drove some extreme weekly moves. Rare earths, gold and dealmaking set the pace, while several capital raisings and acquisitions produced mixed reactions.

Charger Metals reports strong metallurgical results from its Medcalf lithium deposit, lifting lithium and tantalum grades significantly while slashing iron content. The company’s recent 34% resource upgrade and proximity to processing infrastructure underpin plans for a scoping study.

A handful of small-cap names posted big weekly swings, but the bigger story was a flood of new studies, resource upgrades and funding deals across gold, rare earths and battery materials. Investors chased scale and near-term production, while several raisings and gap-down reopenings showed how quickly early enthusiasm can fade.

Charger Metals has expanded its Medcalf Lithium Inferred Mineral Resource Estimate by 34% to 10.6 million tonnes at 1.0% Li2O, with tantalum grades also impressively high. The adjacent Medcalf West target adds further upside as Charger refocuses on advancing Lake Johnston.

Small caps drove the week, with battery, resources and education names posting the biggest gains. Deal news, funding rounds and fresh drilling plans kept traders busy, while a few discounted raisings hit hard.

Charger Metals has struck a deal to sell its Bynoe Lithium Project to Core Lithium’s subsidiary for up to $14.75 million, including upfront cash, a resource milestone payment, and a capped royalty. The sale lets Charger focus on its Lake Johnston lithium ambitions.

Charger Metals has extended spodumene mineralisation at its Medcalf deposit to 700 metres depth, prompting a pending resource upgrade beyond the maiden 8.2Mt @ 1.0% Li2O estimate.

Charger Metals is advancing its Lake Johnston and Bynoe projects with growing lithium resources and high-grade gold discoveries, benefiting from a strong upswing in lithium and gold prices.

Speculative growth names and biotech drove the biggest gains this week, while one consumer staple copped the heaviest selling after cutting guidance. Deal flow stayed busy, but investors were even more responsive to hard numbers: profit upgrades, feasibility studies, contract wins and fresh drilling results.

Drilling wins, funding deals and takeover activity drove a busy week in materials stocks. Big moves came from early-stage explorers, while larger producers won support with cash flow, mine life and deal-making.

Charger Metals has confirmed significant extensions to spodumene mineralisation at its Medcalf project, with drilling pushing lithium-bearing pegmatites to 600-700m depth and along strike. The company anticipates a substantial resource upgrade following assay results due in the coming weeks.