Charger Metals

What Charger Metals does

Charger Metals NL (ASX: CHR) is an Australian critical minerals exploration company that was established and listed on the ASX in July 2021. The company discovers and advances lithium and gold assets in tier-one Australian mining jurisdictions, specifically the Yilgarn Lithium Province in Western Australia and the Litchfield Pegmatite Field in the Northern Territory. Its portfolio comprises three exploration projects: the 100%-owned Lake Johnston Lithium & Gold Project (450km east of Perth, with confirmed high-grade spodumene at the Medcalf and Mt Day prospects), the Bynoe Lithium Project (approximately 63km² adjacent to Core Lithium's producing Finniss mine), and the Coates Ni-Cu-Co-PGE Project in Western Australia (70-85% interest, within 28km of Chalice's Julimar discovery).

Charger applies conventional mineral exploration techniques including reverse circulation and diamond drilling, rock chip and soil sampling, ground gravity surveys, and Ambient Noise Tomography (ANT) geophysics to identify and delineate spodumene-bearing LCT pegmatites and gold mineralisation. Exploration work is technology-driven rather than software-driven, with the company investing in geophysical methods such as ANT to detect blind pegmatites that do not outcrop at surface. The board holds deep operational and capital markets experience across mining, M&A, feasibility, financing, and lithium processing.

The company is pre-revenue and monetises assets through three channels: (1) capital raising from institutional and retail investors via ASX-listed equity; (2) joint venture partnerships with major miners, exemplified by the Rio Tinto agreement at Lake Johnston; and (3) project divestments, exemplified by the announced sale of the Bynoe Lithium Project for up to A$14.75 million. Its primary customer counterparts are therefore investors and major mining companies, with downstream end markets being battery manufacturers and the renewable energy supply chain.

Name

Charger Metals

Legal name

Charger Metals NL

Website

https://chargermetals.com.au

Company type

Public

Founded year

2021

Operating status

Operating

Headcount range

1–10 employees

Short description

Charger Metals NL (ASX: CHR) is a pre-revenue Australian critical minerals explorer discovering and advancing lithium and gold assets in tier-one Western Australian and Northern Territory mining jurisdictions via drilling, geophysics, and JV or divestment monetisation.

Ownership category

akta.pro rank

Product category

Mineral Exploration Services

NAICS

Other Metal Ore Mining (212290), Copper, Nickel, Lead, and Zinc Mining (21223)

SIC

Metal Mining (1000), Miscellaneous Metal Ores (1090), Gold And Silver Ores (1040)

akta.pro primary industry

Exploration & Resource Development (Critical Minerals) (IMAKAFAL)

akta.pro secondary industry

Mine Development & Processing EPC (Critical Minerals) (IMAKAFAM)

Keywords

• Lithium exploration
• Critical minerals exploration
• Gold exploration
• Spodumene pegmatite projects
• Battery metals mining

Headquarters

HQ city

Perth

HQ country

Australia

HQ region

Oceania

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Technology or R&D, Marketing or Sales, Infrastructure, Others

Revenue model

1. Project Divestment and Sale: Charger Metals generates capital through the sale or divestment of exploration projects to larger mining companies. The company agreed to sell the Bynoe Lithium Project for up to A$14.75 million, demonstrating this revenue stream.
2. Capital Raising via ASX: As a publicly listed exploration company on the ASX (CHR), Charger raises equity capital from institutional and retail investors to fund exploration activities.
3. Joint Venture Partnerships: The company enters joint ventures with major miners for project advancement, such as the agreement with Rio Tinto at Lake Johnston and the historical Coates Ni-Cu-Co-PGE Project where the company held 70-85% interest.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels8 records

Core offering

Charger Metals NL is an Australian critical minerals exploration company that discovers and advances lithium and gold assets in tier-one Australian mining jurisdictions. The company's core offering is the exploration of three projects — the Lake Johnston Lithium & Gold Project (100% owned, Western Australia), the Bynoe Lithium Project (100% owned, Northern Territory), and the Coates Ni-Cu-Co-PGE Project (70-85% interest, Western Australia) — using drilling, geophysics, and geochemistry to identify and delineate mineral resources for eventual sale, joint venture, or development.

Product overview

Charger Metals NL (ASX: CHR) is an Australian critical minerals exploration company operating a portfolio of three exploration projects: the 100% owned Lake Johnston Lithium & Gold Project in Western Australia (featuring confirmed high-grade spodumene at Medcalf and Mt Day prospects), the Bynoe Lithium Project in the Northern Territory (covering 63km2 in the Litchfield Pegmatite Field), and the Coates Ni-Cu-Co-PGE Project also in Western Australia. The company focuses on discovering and advancing lithium and battery metals assets in tier-one Australian mining jurisdictions.

Differentiator

Problem solved

Functional benefit

Products and services

• Lake Johnston Lithium & Gold Project
• Bynoe Lithium Project
• Coates Ni-Cu-Co-PGE Project

Quantifiable outcome

• 34% increase in lithium resource at Medcalf
• +2 more outcomes

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Four partnerships are on record, tiered core and minor.

• Core Lithium Limited (ASX: CXO)coreStrategic or Co-development Partner · 22 June 2026Core Lithium's Finniss Lithium Project mineral resource of 30.6Mt at 1.31% Li2O directly adjoins Charger Metals' Bynoe Lithium Project, with operations only 7km north. Geophysics suggests multiple LCT pegmatite swarms extend from the Finniss Project into Bynoe along the regional NNE-SSW trend, validating the prospectivity of Charger Minerals' adjacent tenure.
• Rio TintocoreStrategic or Co-development PartnerAgreement with Rio Tinto validates the enormous potential of the Lake Johnston Project. Rio Tinto's involvement provides validation of the project's prospectivity and potential for significant lithium discovery in the Yilgarn Lithium Province.
• Covalent Lithium Pty Ltd (SQM/Wesfarmers JV)minorStrategic or Co-development PartnerCovalent Lithium's Earl Grey (Mt Holland) Lithium Project, one of the largest undeveloped hard-rock lithium projects in Australia with a resource of 189Mt at 1.5% Li2O, is located approximately 70km west of Charger Minerals' Lake Johnston Lithium Project. This proximity validates the prospectivity of the broader Yilgarn Lithium Province.
• Lithium Australia (now renamed to VSG/Other)minorStrategic or Co-development PartnerCharger acquired 100% of the Lake Johnston Lithium Project after purchasing Lithium Australia's minority interest. Adrian Griffin, Non-Executive Chairman of Charger, was formerly Managing Director of Lithium Australia, bringing expertise in downstream lithium processing and battery recycling.

Scale indicators10 records

Recent moves7 records

Expansion highlights5 records

Emerging players

• Liontown Resources: ASX-listed hard-rock lithium developer with the Kathleen Valley project in Western Australia. Operates in the same Australian lithium ecosystem with similar spodumene assets, raising capital and engaging with major miners in a comparable way.
• Ioneer: ASX-listed lithium-boron developer with the Rhyolite Ridge project in the United States. Comparable as a single-asset lithium developer that has progressed from exploration to development and engaged with strategic partners for funding and offtake.
• Burley Minerals: ASX-listed early-stage mineral explorer where Charger's MD Bryan Dixon is also a non-executive director. Closely comparable as a small-cap Australian junior with similar governance and capital markets profile.

Direct peers

• Galan Lithium: ASX-listed lithium exploration and development company. Similar size and stage to Charger, with comparable Argentinian and Australian lithium assets. Board member Terry Gardiner is also a director at Galan, making it a direct comparability on capital structure and scale.
• Core Lithium: ASX-listed lithium producer whose Finniss mine directly adjoins Charger's Bynoe project. Operates in the same Litchfield lithium province with the same LCT pegmatite target style, making it the most directly comparable peer for project economics and geological setting.
• Premier1 Lithium: ASX-listed junior lithium explorer with multiple Australian lithium assets. Closely comparable in size, stage, business model, and capital structure to Charger as a small-cap lithium exploration play.

Regional players

• Patriot Battery Metals: Australia-listed lithium developer with the Shaakichiuwaanaan project in Canada. A peer across geography rather than direct jurisdiction, but very comparable in stage (exploration-to-development) and thematic (hard-rock lithium for the EV transition).

Broad incumbents

• Pilbara Minerals: Largest ASX-listed lithium hard-rock producer, operating Pilgangoora in Western Australia. Provides a reference valuation and operational benchmark for what successful lithium developments in WA look like, anchoring the broader Australian lithium market.
• Allkem (Arcadium Lithium): Global lithium producer (post Allkem-Livent merger) with Australian hard-rock operations including Mt Cattlin. Provides a benchmark for what scaled Australian lithium producers look like, and a potential acquirer profile for projects like Lake Johnston.
• Covalent Lithium: SQM/Wesfarmers joint venture developing the Earl Grey (Mt Holland) lithium project, located ~70km west of Charger's Lake Johnston. Comparable geological belt and project scale, and a key validation point for the broader Yilgarn Lithium Province.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/chargermetals
• LinkedInlinkedin.com/company/charger-metals-au

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Charger Metals