- Charger Metals (CHR) key landowner agreement executed, providing access to priority drill targets at the Western Yilgarn-located Coates Ni-Cu-Co-PGE Project
- The Coates Project T1 target is now ready to be drilled, according to the company, with the target standing out as an extensive and compelling target
- The company is working through the program of work permits with the DMIRS, and approval is expected within the coming weeks
- Looking into the future, Charger is actively engaging with stakeholders for future exploration activities on additional Coates targets
- Charger Metals NL (CHR) last traded at 62.5 cents
Charger Metals NL (CHR) updates its drilling schedule for its Coates nickel-copper-gold and platinum group elements project, located 65km northeast of Perth, Western Australia after reaching a key landowner agreement.
The Coates Project contains an intrusive mafic complex within the Jimperding Metamorphic Belt, which also hosts the world-class Julimar – Gonneville nickel-copper-PGE Project 3 owned by Chalice Mining.
The company acquired 70 per cent of the Coates Project from Lithium Australia NL (LIT) and 85 per cent of the Coates North Projecfrom Mercator Metals.
“The results of recently completed land-based geophysical surveys coupled with coincident geochemical anomalism, provides the company with an excellent drill target in the emerging PGE and nickel province at a time of record nickel and palladium prices,” Charger’s Managing Director, David Crook said.
“We are also delighted to have reached an agreement with the key-landowner which enables this maiden drill program at the Coates Project to proceed shortly,” added Crook.
Since acquiring the project, Charger has completed an analysis of 531 geochemical samples, generating a compelling multi-element target in regolith overlaying the Coates Mafic Intrusive.
It also held a fixed loop EM survey. A ground-based geophysical survey technique was used to determine the location of conductive rocks more precisely. Results are being processed.
The Coates Project T1 target is now ready to be drilled, according to the company.
T1 stands out as an extensive and compelling target when aspects of geology, geochemistry, and geophysics are drawn together and drill-ready.
The company is working through the program of work permits with the DMIRS, and approval is expected within the coming weeks.
Five-diamond core drill holes are initially planned to test conductive rocks for economic grades of Ni, Cu, Co, Au, and PGE.
In addition, it is also actively engaging with stakeholders around the company’s future exploration activities on the additional Coates targets.
Charger Metals NL (CHR) last traded at 62.5 cents.