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
ABOUT THE COATES NI CU CO PGE PROJECT
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Tel: +61 427 916 974
Email: david.crook@chargermetals.com.au
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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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