Charger Metals (ASX:CHR) has lodged a mining lease application for development activities at its Medcalf spodumene deposit within the greater Lake Johnston Lithium and Gold Project in the Yilgarn province of Western Australia.
The lease application covers an area of 3,644 hectares on the traditional lands of the Ngadju people.
The company intends to conduct further diamond and reverse circulation drilling at the project in January 2026 at the Medcalf and Medcalf West targets. Charger is procuring contractors to conduct over 40 holes of drilling early next year.
Drilling intends to test the extensions of the known resource at Medcalf, while also following up on limited drilling underneath the outcropping spodumene pegmatite at Medcalf West.
Medcalf holds a resource estimate of 8.2 million tonnes @ 1% lithium oxide, which remains open in most directions. Meanwhile, Medcalf West has an exploration target of between 3-5 million tonnes @ 1-1.4% lithium oxide.
Managing Director Bryan Dixon says the team is pleased to lodge its mining lease application for the deposits which have four lithium concentration plants within trucking distance.
“This comes at a time when we have seen spodumene concentrate prices increase 82% this calendar year,” Dixon says.
“Charger management sees significant potential to expand the maiden Medcalf Spodumene Resource. The maiden Medcalf mineral resource highlights the potential of our Lake Johnston Lithium Project and is a reward for the systematic counter-cyclical exploration undertaken over the last two years.
“The lithium mineralisation hosted by spodumene-bearing pegmatites is both high grade and near surface (outcropping) which bodes well for future mining.
“The significant medcalf West exploration target is high grade drill intersections and pegmatite outcrops and highlights the potential to significantly grow the near-surface mineral resource within the greater Medcalf target.”
Charger Metals is an exploration company targeting battery metals and precious metals in three emerging battery minerals provinces in Australia.
Write to Maddison Elliott at Mining.com.au
Images: Charger Metals
