Charger Metals NL (ASX: CHR, “Charger” or the “Company”) is pleased to provide an update to the drilling schedule for its 70-85% held2 Coates Ni-Cu-Co-Au-PGE Project (“Coates Project”), located 65km northeast of Perth, Western Australia. The Coates Project contains a mafic intrusive complex within the Jimperding Metamorphic Belt, which also hosts the world class, 17Moz PdEq Julimar - Gonneville nickel-copper-PGE Project3 owned by Chalice Mining Ltd (ASX: CHN) and located 28km NW of the Coates Project (Figure 1).

  • Final FLTEM geophysical report confirms conductor targets which could include massive sulphides with related nickel, copper and PGE mineralisation.
  • Maiden drill programme to commence shortly, with five diamond core drill holes planned to test conductor targets for economic mineralisation.
  • Drilling to commence when final DMIRS1 approval received.

Charger’s Managing Director, David Crook commented:

“We are excited about the approaching drilling campaign at the Coates Project which will test a compelling nickel-copper-PGE target.

“When we combine the interpretation provided by our geophysical consultant, Southern Geoscience Consultants, of the recently completed Fixed-loop EM survey with our existing geochemical data, we have produced a drill target in the emerging PGE and nickel province that demands attention at a time of record nickel and palladium prices”.

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