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Bynoe Lithium Project, Northern Territory

The Bynoe Lithium Project covers approximately 63km2, in a known lithium-enriched belt within the Litchfield Pegmatite Field, approximately 35km southwest of Darwin, Northern Territory, with nearby infrastructure and excellent access.

Charger’s Project is enclosed by Core Lithium Limited’s (ASX:CXO) Finniss Lithium Project, which has a Mineral Resource2 of 30.6Mt at 1.31% Li2O, with operations having started at its mine just 7km north of Charger’s Bynoe Lithium Project.

Location map of the Bynoe Lithium Project and Finniss Lithium Project and the areas covered by the current ANT, ground gravity and surface geochemistry surveys.

Geophysics and surface geochemistry suggest multiple swarms of lithium-caesium- tantalum (‘LCT’) pegmatites that extend from the adjacent Finniss Lithium Project into the Bynoe Project along the regional NNE-SSW trend.

Extensive soil sampling and mapping of pegmatites and/or historical tin-tantalum workings have identified more than 25 lithium targets within the Bynoe tenement. Extensive RC and diamond drilling to-date has identified spodumene mineralisation at three of seven targets drill-tested​. One of these three targets is the Enterprise Prospect, where drilling intersected LCT pegmatites up to 24m wide with sporadic spodumene mineralisation, with assays up to 1.9% Li20.

Ambient Noise Tomography (ANT) and ground gravity surveys have also been conducted to potentially identify further drill targets including new “blind” pegmatites that don’t outcrop at surface.

Prospect location map of the Bynoe Lithium Project with Core Lithium’s nearby deposits and key prospects shown for reference.