Charger Metals Regains Full Ownership of Lake Johnston Lithium & Gold Project After RTX Exit.
Charger Metals (ASX: CHR) has regained 100% ownership of the Lake Johnston Lithium and Gold Project after Rio Tinto Exploration exited the farm-in agreement. Over two years, RTX contributed AU$4.2 million in exploration funding, invested AU$1.2 million into Charger’s equity, and made AU$1 million in cash payments. With full control restored, Charger now advances exploration across Medcalf, Medcalf West, and Mt Gordon, including the 8.2Mt at 1.0% Li₂O Medcalf Maiden Resource and the 3–5Mt at 1.0%–1.4% Li₂O Medcalf West Exploration Target.
Recent drilling at the Whitten prospect delivered encouraging lithium intersections, and results for more than 3,000m of drilling are still pending. A major RC and diamond drill program is planned for January 2026 to test potential extensions and expand near-surface spodumene mineralisation. The project remains strategically positioned with strong infrastructure and proximity to established lithium processing hubs.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au
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Charger Metals Regains Full Ownership of Lake Johnston Lithium & Gold Project After RTX Exit.
Charger Metals (ASX: CHR) has regained 100% ownership of the Lake Johnston Lithium and Gold Project after Rio Tinto Exploration exited the farm-in agreement. Over two years, RTX contributed AU$4.2 million in exploration funding, invested AU$1.2 million into Charger’s equity, and made AU$1 million in cash payments. With full control restored, Charger now advances exploration across Medcalf, Medcalf West, and Mt Gordon, including the 8.2Mt at 1.0% Li₂O Medcalf Maiden Resource and the 3–5Mt at 1.0%–1.4% Li₂O Medcalf West Exploration Target.
Recent drilling at the Whitten prospect delivered encouraging lithium intersections, and results for more than 3,000m of drilling are still pending. A major RC and diamond drill program is planned for January 2026 to test potential extensions and expand near-surface spodumene mineralisation. The project remains strategically positioned with strong infrastructure and proximity to established lithium processing hubs.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au