Charger exercises Bynoe lithium pre-emptive right
Critical minerals company Charger Metals is taking full charge at the Bynoe lithium project after exercising its pre-emptive rights to acquire the remaining 30% of the lithium project from fellow ASX-listed Livium for A$500 000 in cash.
The move comes after Livium, formerly Lithium Australia, on Wednesday offered the 30% to Core Lithium for A$500 000.
“We are very pleased to move to 100% ownership of our Bynoe lithium project,” said MD Aidan Platel.
“Covering an area of 63 km2 and with more than 20 prospective lithium targets yet to be drilled tested, we believe it’s the largest underexplored area of the Finniss pegmatite field that is both inside the lithium-prospective structural corridor and within 20 km of Core’s spodumene beneficiation plant at Grants,” he stated.
Last quarter, Core was actively drilling directly along trend from some of Charger’s priority target areas, such as at their central Blackbeard Prospect, as well as regional targets surrounding the Ah Hoy prospect to the north-east of the Bynoe tenements.
Platel pointed out that Core on Wednesday announced excellent intersections at Blackbeard of 63 m at 1.67% lithium oxide, including 20 m at 2.09%, along strike from previous intersections of 71 m at 1.05%, 59 m at 1.54% and 41 m at 1.63%.
“This high-grade mineralisation trends to the north-east towards our Bynoe project and is modelled to within 50 m of our tenement boundary,” said Platel.
Charger has defined over 20 prospective areas for lithium at the Bynoe project.
Comments
Research Reports
Latest Multimedia
Latest News
Showroom
Multotec, recognised industry leaders in metallurgy and process engineering help mining houses across the world process minerals more efficiently,...
VISIT SHOWROOM
Rooted in the hearts of South Africans, combining technology and a quest for perfection to bring you a battery of peerless standing. Willard...
VISIT SHOWROOM
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
