Charger Metals NL (ASX: CHR) announced encouraging drill assay results from the Medcalf Spodumene Project, part of its Lake Johnston Lithium and Gold portfolio in Western Australia. The latest diamond and reverse circulation drilling campaign completed 3,418 metres during the March 2026 quarter, confirming significant extensions of lithium mineralisation both along strike and at depth.
Key drill results included broad spodumene intersections such as 32 metres grading 1.06% Li₂O, 20.7 metres at 0.93% Li₂O, and 10.1 metres at 1.66% Li₂O. The drilling confirmed stacked pegmatite lodes extending from surface to depths of up to 700 metres down dip, highlighting strong continuity and expansion potential beyond the current resource boundary.
The company stated that these results are expected to support an upgrade to the maiden Medcalf Lithium Resource estimate of 8.2 million tonnes at 1.0% Li₂O. Charger also noted the project’s strategic location near major lithium infrastructure and processing facilities, strengthening its long-term development potential.
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
x
Daily Dose of Buy, Sell & Hold recommendations before the market opens.
Start Your 7 Days Free Trial Now!
We use cookies to help us improve, promote, and protect our services.
By continuing to use this site, we assume you consent to this.
Read our
Privacy Policy
and
Terms & Conditions
Charger Metals Reports Strong Medcalf Lithium Results Ahead of Resource Upgrade
Charger Metals NL (ASX: CHR) announced encouraging drill assay results from the Medcalf Spodumene Project, part of its Lake Johnston Lithium and Gold portfolio in Western Australia. The latest diamond and reverse circulation drilling campaign completed 3,418 metres during the March 2026 quarter, confirming significant extensions of lithium mineralisation both along strike and at depth.
Key drill results included broad spodumene intersections such as 32 metres grading 1.06% Li₂O, 20.7 metres at 0.93% Li₂O, and 10.1 metres at 1.66% Li₂O. The drilling confirmed stacked pegmatite lodes extending from surface to depths of up to 700 metres down dip, highlighting strong continuity and expansion potential beyond the current resource boundary.
The company stated that these results are expected to support an upgrade to the maiden Medcalf Lithium Resource estimate of 8.2 million tonnes at 1.0% Li₂O. Charger also noted the project’s strategic location near major lithium infrastructure and processing facilities, strengthening its long-term development potential.
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