Bynoe Lithium Project, Northern Territory
Charger Metals sold 100% of the Bynoe Lithium Project to Core Lithium Limited’s (ASX:CXO; “Core”) 100%-owned subsidiary Bynoe Lithium Pty Limited (“BLPL”) for:
- $3,750,000 cash received 17 July 2026
- $1,000,000 cash payable on an Inferred Mineral Resources Estimate of at least 8Mt @ a minimum grade of 1.0% Li₂O being delineated on and attributable to the area covered by EL 30897; and
- a 1.0% gross revenue royalty in respect of lithium product generated from the Tenement Area capped at $10,000,000.
The Bynoe Lithium Project ~63 km² within the Finniss Lithium Project, where Core have resumed mining , and is just 9km from Finniss Concentration Plant.
Bynoe drilling to-date tested 7 initial targets – LCT pegmatites up to 24m wide with confirmed spodumene at three prospects, including:
- 7m @ 0.96% Li₂O from 107m, including
- 5m @ 1.13% Li₂O from 108m (CBYRC023); and
- 16m @ 0.65% Li₂O from 185m, including
Over 20 priority Li targets still to be systematically drill tested drill tested.
Location map of the Bynoe Lithium Project
