Charger Metals NL announces commencement of RC drilling at Lake Johnston Lithium Project

Charger Metals NL (ASX: $CHR) has initiated reverse circulation (RC) drilling at its Lake Johnston Lithium Project in Western Australia. The drilling will encompass two programs, totaling up to 5,000m, to assess priority lithium targets, including the strike extensions of high-grade spodumene mineralisation at the Medcalf Prospect and the large surface lithium anomalies at the Mt Gordon Prospect. The programs are anticipated to span 6-8 weeks and are being funded by Rio Tinto Exploration Pty Limited ('RTX') as part of their farm-in agreement with Charger.

Executive Commentary on Lake Johnston Lithium Project

Charger's Managing Director, Aidan Platel, expressed enthusiasm for the commencement of the RC drill programs at Lake Johnston. Platel highlighted the significance of the priority drill targets, particularly the Medcalf Prospect, where previous confirmation of a high-grade spodumene system has been established. Additionally, Platel emphasized the Company's eagerness to explore the Mt Gordon Prospect, citing its substantial lithium potential. He assured stakeholders of the Company's commitment to keeping the market informed as results from the drilling activities are obtained.

Summary of Charger Metals' Lake Johnston Lithium Project Announcement

Charger Metals' announcement of the commencement of RC drilling at the Lake Johnston Lithium Project signifies a significant step in the exploration and evaluation of priority lithium targets in Western Australia. The drilling programs, funded by RTX, are expected to provide valuable insights into the potential strike extensions of high-grade spodumene mineralisation at the Medcalf Prospect and the exploration of large surface lithium anomalies at the Mt Gordon Prospect. The Company's Managing Director, Aidan Platel, expressed optimism regarding the drilling activities and reaffirmed Charger's commitment to transparency by keeping stakeholders informed of the results. With a budget of $3 million allocated for exploration programs in 2024, Charger Metals is poised to advance its exploration efforts and potentially uncover substantial lithium resources at the Lake Johnston Lithium Project.