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- The first round of drilling begins at Charger Metals (CHR) and Lithium Australia’s (LIT) joint venture Lake Johnston lithium project in Western Australia
- The maiden campaign will test out-cropping spodumene pegmatites at the Medcalf prospect
- Forty reverse circulation drill holes are planned over a 300-metre by 800-metre pegmatite swarm identified in previous fieldwork
- As drilling begins, Charger says ongoing mapping has continued to identify additional spodumene pegmatite outcrops in the area
- Charger Metals shares are up 4.63 per cent, trading at 56.5 cents at 12:40 pm AEDT
The first round of drilling has begun at Charger Metals (CHR) and Lithium Australia’s (LIT) joint venture Lake Johnston lithium project in Western Australia.
The maiden campaign has been designed to test out-cropping spodumene pegmatites at the Medcalf prospect.
Forty reverse circulation drill holes are planned over a 300-metre by 800-metre pegmatite swarm identified in previous fieldwork.
As drilling begins, Charger said ongoing mapping has continued to identify additional spodumene pegmatite outcrops in the area.
Charger holds a 70 per cent interest in the Lake Johnston project, which is 450 kilometres east from Perth, Lithium Australia holds the remaining 30 per cent.
The final environmental approval for drilling was received last month, at the same time Charger acquired a new tenement 6.5 kilometres southwest of the Medcalf prospect, increasing its land position by 33 square kilometres.
According to Charger, areas of the tenement fall within the interpreted ‘goldilocks zone’ which is considered by geologists to have “enhanced prospectivity” for lithium, caesium, tantalum pegmatites.
Charger Metals shares were up 4.63 per cent to trade at 56.5 cents at 12:40 pm AEDT.
