Charger Metals NL (ASX: CHR, Charger or the Company) is pleased to advise that exploration activities have commenced at the Company's Bynoe Lithium Project, located approximately 35 kilometres southwest of Darwin, NT.

The Bynoe Project ownership is 70% Charger and 30% Lithium Australia NL (ASX: LIT) and is in an area with excellent access and nearby infrastructure. Charger's interest in the Bynoe project was acquired due to its prospectivity for spodumene (a preferred lithium mineral), however the area is a past producer of cassiterite (Sn) and is recognised as prospective for tantalite (Ta) as well1. These minerals are hosted in pegmatites. Charger's Project is surrounded by the extremely large tenement holdings of Core Lithium Limited's (ASX: CXO) Finnis Lithium Project, which has a mineral resource inventory of 14.7Mt at 1.32% Li2O and is at a very advanced stage of development having had completed a definitive feasibility study2.

Charger's Managing Director, David Crook commented: 'Charger Metal's programmes of mapping, geochemistry and aero-magnetics now underway at the Bynoe Lithium Project are designed to refine the 5-kilometre-long cluster of lithium targets to a point where a substantial drilling programme can be planned.'

Contact:

David Crook

Tel: +61 427 916 974

Email: david.crook@chargermetals.com.au

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