Charger has acquired interests in a portfolio of tenements that are considered by the Board to be prospective for demand-driven metals associated with the renewable energy sector.
The Project portfolio includes a 70% interest in the Coates Ni-Cu-Co-PGE Project and the Lake Johnston Lithium Project in Western Australia; and the Bynoe Lithium and Gold Project in the Northern Territory.
In addition, Charger has also entered into a separate option agreement to acquire an 85% interest in the Coates North Project which adjoins the Coates Ni-Cu-PGE Project.
Following the recent success of Chalice Gold Mines Limited (Chalice) at its Julimar Project, a significant amount of exploration funding has been raised by various parties to target what appears to be an emerging Ni-Cu-PGE Province. The Coates Ni-Cu-PGE Project has significant Ni-Cu-PGE anomalies justifying further exploration to testing targets within 28 kilometres of the Julimar Project.
The Bynoe Lithium and Gold Project and the Lake Johnston Lithium Project both sit in emerging lithium provinces that have demonstrated sizeable lithium deposits and which are attracting significant exploration interest. Both the Bynoe Lithium and Gold Project and Lake Johnston Lithium Project have had limited lithium exploration to date and Charger’s management are excited about further evaluating these opportunities.
Charger has a highly credentialed and experienced board of directors and management team with extensive experience in exploration, corporate, funding and M&A.