Charger Metals NL (AU:CHR) has released an update.
Charger Metals NL has reported promising results from their March 2024 quarterly activities, including successful diamond drill-holes at their Medcalf Prospect in Western Australia, which revealed high-grade lithium pegmatites. The operations, funded by Rio Tinto Exploration under a Farm-in Agreement, indicate the potential for a significant lithium resource with mineralization open at depth and along strike. Additionally, the company is preparing for further exploration at its Bynoe Lithium Project in the Northern Territory and holds $2.6M in cash reserves.
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