- Charger Metals (CHR) has kickstarted an aerial electromagnetic survey over its Coates base and precious metal project in Western Australia
- The survey is designed to test for potential nickel, copper, cobalt and platinum group elements conductors within the project
- Charger expects the survey to be completed later this week, with results anticipated “shortly after”
- The project is situated 60 kilometres northeast of Perth and is held 70 per cent by Charger and 30 per cent by Lithium Australia (LIT)
- Charger Metals’ shares ended the day up 3.28 per cent to close at 63 cents
Charger Metals (CHR) has kickstarted an aerial electromagnetic survey over its Coates base and precious metal project in Western Australia.
The survey is set to test a mafic intrusion and the surrounding ground
for conductors at the project, which include previously defined nickel-copper and platinum group element (PGE) geochemical targets.
The Coates nickel, copper, cobalt and PGE project is situated 60 kilometres northeast of Perth and is held 70 per cent by Charger and 30 per cent by Lithium Australia (LIT).
Charger will use a helicopter-borne geophysical system which is typically used to detect rocks that may include sulphide minerals containing nickel, copper, cobalt
and PGEs.
The company said data from the survey could be used for groundwater modelling, overburden thickness calculations as well as before and after studies for mine rehabilitation.
The study is expected to finish this week, with preliminary data available “shortly after.” Charger said this will then be processed and analysed by the company’s geophysics consultant.
Charger Metals’ shares ended the day up 3.28 per cent to close at 63 cents.