Charger Metals NL (ASX: CHR, Charger or the Company) is pleased to advise that a SkyTEM aerial electromagnetic survey has commenced over its Coates nickel (Ni), copper (Cu), cobalt (Co) and platinum group elements (PGE) Project.

The Coates Project ownership is 70% Charger and 30% Lithium Australia NL (ASX: LIT) and is located approximately 20 kilometres from Chalice Mines Limited's Julimar Project, which includes the Gonneville Ni Cu Co PGE Prospect.

The helicopter-borne SkyTEM312 timedomain electromagnetic (TEM) system being used is an accepted method of targeting large areas considered prospective for nickel sulphides in an effective and time-efficient manner. Similar systems have been used successfully by a number of Charger's neighbours in the Julimar district. The SkyTEM312 is a high resolution, surface-to-depth exploration tool which provides not only mineral exploration data, but data of use to multiple scientific disciplines over the life of the project, from exploration and mining to rehabilitation phases. High-resolution near surface data can facilitate groundwater modelling, overburden thickness calculations for seismics and mine planning, plus before and after studies for mine rehabilitation. In addition, simultaneous conventional deeper-looking EM capability may provide detection of conductive units down to 300m to 400m depth. Preliminary data from the SkyTEM survey will be available within days of completing the survey, which will then be processed and analysed by the Company's geophysics consultant Charger's Coates Ni Cu Co PGE Project is located approximately 60 km east of Perth, at Wundowie, WA. Recent interest in the Western Yilgarn geological domain has been driven by the discovery of the significant mafic intrusive-hosted high-grade Julimar Ni Cu Co PGE Project by Chalice Mining Limited. The regional geology is largely interpreted from geophysical data due to the poor outcrop and includes highly deformed Archean gneisses and mafic/ultramafic rocks intruded by mafic and granitoid bodies.

ABOUT THE COATES NI CU CO PGE PROJECT

Charger's Coates Ni Cu Co PGE Project benefitted from an earlier exploration programme by Bauxite Resources Ltd, which undertook vacuum drilling and sampling. Geochemical analysis for Ni, Cu, Au and PGE returned anomalous, and often co-incident, values including platinum (max 37ppb), palladium (max 53ppb) and gold (max 108ppb)2 adjacent to the Coates Mafic Complex, which is considered most encouraging from an exploration point of view. By analogy, the mineralisation at Chalice's Gonneville Prospect is characterised by a similar Cu Ni Co PGE elemental association within a mafic intrusive complex.

Contact:

David Crook

Tel: +61 427 916 974

Email: david.crook@chargermetals.com.au

About Charger Metals NL

Charger Metals NL is a recently listed exploration company targeting battery-component and precious metals in politically stable jurisdictions. The Company's exploration portfolio includes advancing projects that are prospective for nickel, copper, PGEs, gold and lithium.

Forward looking statements

This announcement may contain certain 'forward looking statements' which may not have been based solely on historical facts, but rather may be based on the Company's current expectations about future events and results. Where the Company expresses or implies an expectation or belief as to future events or results, such expectation or belief is expressed in good faith and believed to have a reasonable basis. However, forward looking statements are subject to risks, uncertainties, assumptions and other factors which could cause actual results to differ materially from future results expressed, projected or implied by such forward looking statements. Such risks include, but are not limited to exploration risk, Resource risk, metal price volatility, currency fluctuations, increased production costs and variances in ore grade or recovery rates from those assumed in mining plans, as well as political and operational risks in the countries and states in which we sell our product to, and government regulation and judicial outcomes. Readers should not place undue reliance on forward looking information. The Company does not undertake any obligation to release publicly any revisions to any 'forward looking statement' to reflect events or circumstances after the date of this announcement, or to reflect the occurrence of unanticipated events, except as may be required under applicable securities laws

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