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.


Highlights:
  • Key Landowner agreement executed, providing access to priority drill targets at the Western Yilgarn-located Coates Ni-Cu-Co-PGE Project.
  • New ground FLEM geophysical survey refines the earlier SkyTEM T1 target.
  • Drilling to commence when final DMIRS1 approval received.

The Coates Project contains a mafic intrusive complex within the Jimperding Metamorphic Belt, which also hosts the world class, 17Moz Pd Eq Julimar - Gonneville nickel-copper-PGE Project3 owned by Chalice Mining Ltd (ASX: CHN) and located 28km NW of the Coates Project (Figure 1).

Charger’s Managing Director, David Crook commented:

“The results of recently completed land based geophysical surveys coupled with coincident geochemical anomalism, provides the Company with an excellent drill target in the emerging PGE and nickel province at a time of record nickel and palladium prices.

“We are also delighted to have reached agreement with the key-landowner which enables this maiden drill program at the Coates Project to proceed in the near future.”

Click here for the full ASX Release

This article includes content from Charger Metals, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.

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