Charger Metals NL (ASX: CHR, Charger or the Company) is pleased to advise that a SkyTEM aerial electromagnetic survey is scheduled to be undertaken over its Coates nickel (Ni), copper (Cu), cobalt (Co) and platinum group elements (PGE) Project during August 2021.
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. Aerial EM surveys of this type are an accepted method of targeting large areas considered prospective for nickel sulphides in an effective and time-efficient manner and has been used successfully by a number of Charger's neighbours in the Julimar district. The SkyTEM system is well suited to areas of thick bush and variable topography, which can reduce the efficiency of ground-based EM systems.
COMMENT FROM CHARGER'S MANAGING DIRECTOR, DAVID CROOK
'With Charger Metals completing its listing on the 9th of July this year, we are moving to implement the work programmes on our three projects as set out in the Company's prospectus. We are pleased to have locked in the timing of the SkyTEM programme over the Coates Ni Cu Co PGE Project and keenly await the results.'
Charger's Coates Ni Cu Co PGE Project is located approximately 60 km east of Perth, at Wundowie, WA. A vanadium-titanium magnetite deposit, hosted in a mafic intrusive suite of rocks, was briefly mined near the Coates Project before closing in 1982.
Recent interest in the Western Yilgarn, which includes the Coates Project, has been driven by the discovery of the significant mafic intrusive-hosted high-grade Julimar Ni Cu Co PGE Project by Chalice Mining Limited. 1 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
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
ABOUT THE SKYTEM GEOPHYSICAL SYSTEM
The proposed survey will utilise the helicopter-borne SkyTEM312 time-domain electromagnetic system. 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. The raw data from the SkyTEM survey will be available with days of completing the survey, which will then be processed and analysed by the Company's geophysics consultant prior to release to the market.
Contact:
David Crook
Tel: +61 427 916 974
Email: david.crook@chargermetals.com.au
CHALMERS LIMITED 
