Charger Metals completes strategic acquisition

Charger Metals NL (ASX:CHR) has acquired the remaining 30% ownership in the Bynoe Lithium Project from Livium Ltd, achieving full ownership. The acquisition was made for a cash consideration of $500,000. The Bynoe Lithium Project, located in the Northern Territory, now fully owned by Charger, covers an area of 63 square kilometers in a lithium-prospective region.

Charger Metals' strategic goals and future plans

Charger Metals NL has secured full ownership of the Bynoe Lithium Project, enhancing its strategic position in the Northern Territory's lithium-rich area. This move follows their goal to advance lithium exploration and development. Charger plans to conduct environmental surveys in preparation for drilling priority targets next field season. The company has identified over 20 prospective targets and completed extensive studies to guide future explorations. The acquisition aligns with Charger’s strategy to leverage geological insights from nearby Core Lithium activities. While acknowledging risks, Charger is committed to maximizing the project's potential in the growing lithium market.

Executive insights on Bynoe Lithium Project acquisition

The acquisition increases Charger’s stake to 100% in the Bynoe Lithium Project, enhancing its strategic position in the lithium-rich Finniss pegmatite field.