A first-pass drilling program has commenced at the high priority Megabucks, Old Bucks, and Enterprise prospects along strike from Core Lithium’s Finniss Lithium Mine.

Charger Metals (ASX:CHR) believes these three targets have high prospectivity for significant pegmatite-hosted lithium mineralisation, with Old Bucks comprising a strong lithium anomaly at surface that extends over 800m in strike and up to 500m wide.

The Megabucks prospect also exhibits a lithium-in-soils anomaly up to 800m long, with a significant pegmatite up to 70m thick defined by historical deep trenching across the strike.

A third high priority target, the Enterprise prospect, will also be tested.

Enterprise is also characterised by a large lithium anomaly at surface, and is located along strike from Core Lithium Limited’s (ASX:CXO) Blackbeard prospect, which includes recently-announced significant drill intersections such as 41m at 1.63% Li2O from 137m.

Where and when

Drilling is expected to take roughly three weeks, and over the coming weeks, Charger will increase its exploration activities across the Bynoe project as the area continues to become more accessible following the region’s wet season.

The Bynoe Project occurs within the Litchfield Pegmatite Field, around 35 km southwest of Darwin in the Northern Territory, with nearby infrastructure and excellent all-weather access. 

Multiple swarms of pegmatites

Geochemistry, aeromagnetic programs, and open file research completed by Charger suggests multiple swarms of LCT pegmatites that extend from the adjacent Finniss Lithium Project into the Bynoe Project.

These results have highlighted two large LCT-prospective corridors, with significant strike lengths of 8km at Megabucks and 3.5km at 7-Up.

Numerous drill-ready lithium targets have been identified within each pegmatite zone.




This article was developed in collaboration with Charger Metals, a Stockhead advertiser at the time of publishing.


This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.