CHR: Quarterly Activities/Appendix 5B Cash Flow Report

Original announcement by asx on

Company
Charger Metals NL
Ticker
CHR
Exchange
ASX
Region
Western Australia
Primary commodity
Lithium
Secondary commodities
Tantalum, Rubidium, Iron ore
Document categories
Metallurgy, Other, Agreement transaction, Resource update, Drill results
Extracted
2026-10-21 23:10:09 UTC

Analysis by Minestarters Atlas

Atlas analysis published:

Minestarters Atlas analysis

Summary

Charger Metals NL reported excellent metallurgical results for its Medcalf Lithium Project, demonstrating high lithium and tantalum recoveries and grade upgrades through ore-sorting, which de-risks the project. The company also completed the sale of its Bynoe Lithium Project, significantly boosting its cash reserves to $4.23 million, enabling further exploration and studies. A 10,000m drill program is underway at Medcalf, with assays expected shortly to support resource growth.

Reasoning: Charger Metals NL reported excellent metallurgical results for its Medcalf Lithium Project, demonstrating high lithium and tantalum recoveries and grade upgrades through ore-sorting, which de-risks the project. The sale of the Bynoe Project has significantly boosted the company's cash reserves, enabling further exploration and studies. While a drill program is underway, no new assays were reported in this quarterly update.

Positive factors

  • Excellent metallurgical recoveries and grade upgrades for lithium and tantalum through ore-sorting
  • Successful ore-sorting demonstrated effective rejection of iron and mining dilution
  • Strong cash position following the sale of the Bynoe Lithium Project
  • Ongoing drill program aimed at resource growth
  • Initial mining study confirms critical mass for a mine

Negative factors

  • Resource estimate is a re-statement of prior results, not a new update
  • No new drill assays reported from the ongoing drill program

Facts used in scoring: 45

Classification and evidence

High Recoverypositive

Recovery at or above the exceptional band for the commodity and processing route.

Why it applies: Lithium recovery of 94.9% and tantalum recovery of 97.2% from ore-sorting are at or above the exceptional band for the commodity and processing route.

Evidence · text

“The Li2O grade of 1.32% with a lithium recovery of 94.9% with a mass recovery of 72.5%.”

Recovery Improvingpositive

Recovery improved versus a like-for-like prior test program on the same domain and route.

Why it applies: Li2O grade increased from 1.01% to 1.32% (31% increase) and Ta2O5 grade increased to 147ppm (34% increase) versus the initial composite head grade.

Evidence · text

“Li2O grade increased from 1.01% to 1.32% (31% increase) with 94.9% recovery.”

Pilot Scale Completepositive

Pilot or demonstration plant testing completed under continuous operation.

Why it applies: Ore-sorting results were obtained from TOMRA, a provider of ore-sorting solutions from initial amenability testing to equipment sales and complete sorting lines, implying a robust test scale.

Evidence · text

“TOMRA Sorting|Mining offers ore-sorting solutions from initial amenability testing and characterisation through to equipment sales and complete sorting lines.”

Multi-Domain Testedpositive

Variability across ore domains (oxide, transition, fresh) has been addressed.

Why it applies: In addition to the Master Composite, two variability samples were also tested, confirming the results and indicating variability across ore domains has been addressed.

Evidence · text

“A further 2 variability samples totalling 127kg were also tested on a similar basis during the quarter with results confirming the results of the Master Composite.”

Free Millingpositive

Simple, clean ore amenable to standard processing without oxidation.

Why it applies: The material demonstrated excellent liberation characteristics and ore-sorting successfully rejected a large percentage of total iron from the feed.

Evidence · text

“excellent liberation characteristics demonstrated by the material”

Mill Routeneutral

Processing via mill or concentrator (CIL, CIP, tank leach, flotation).

Why it applies: Ore-sorting is described as a pre-concentration step, typically feeding into a mill or concentrator circuit.

Evidence · text

“The Medcalf spodumene and tantalite bearing pegmatites can be used as feed to produce a lithium concentrate and a separate tantalum concentrate.”

Inferred Resourcenegative · Story-specific tag

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: All reported mineral resources are classified as Inferred, which is a speculative category with limited drilling.

Evidence · text

“JORC 2012 Inferred Lithium Mineral Resource Estimates”

JORC Compliantpositive · Story-specific tag

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: The mineral resource estimate is stated to be compliant with the JORC 2012 Code.

Evidence · text

“JORC 2012 Inferred Lithium Mineral Resource Estimates”

QP/CP Signedpositive · Story-specific tag

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: Shaun Searle, a Member of the Australian Institute of Geoscientists, is named as the Competent Person responsible for the Mineral Resource and Exploration Target estimates.

Evidence · text

“Shaun Searle BSc. Hons (Applied Geology), who is a Member of the Australian Institute of Geoscientists.”

Stale Data Re-releasenegative · Story-specific tag

Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: The drill results for Medcalf West are explicitly stated as being from 'previous Medcalf West RC and diamond drill programmes' and refer to an ASX Announcement from 31 March 2026.

Evidence · text

“Assay results from previous Medcalf West RC and diamond drill programmes confirmed high-grade lithium mineralisation hosted by LCT (lithium-caesium-tantalum) pegmatites at Medcalf West3”

Gravity Routeneutral

Gravity separation forms a material part of the flowsheet.

Why it applies: the document describes a gravity route ("dense media separation")

Extracted facts

Stored fact records: 45. Some facts used in scoring do not have a stored record.

Drill Results (16)

CLMRC042Medcalf West Exploration Target · lithiumGrade: 1.46Grade Unit: %Intercept: 18 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
CLMRC042
Project
Medcalf West Exploration Target
Commodity
lithium
Region
australia_wa
Reported Region
australia_wa
Ticker
CHR

Geometry

Grade
1.46
Grade Unit
%
Intercept
18 m
From
134 m
To
152 m
Intercept Depth
134 m

Classification

Sample Type
drill
Group ID
CLMRC042:134-152

QA/QC

QA/QC Methods
standards

Review

Needs Review
Yes
Review Reason
historical_restatement
Interp. Status
scored
Historical
Yes
Historical Source Date
2026-03-31T00:00:00.000Z

Dates

Event date
2026-10-21T00:00:00.000Z

Reasoning: This is a re-statement of a historical drill intercept, providing context for the Medcalf West Exploration Target but not representing new information.

Negative factors

  • Stale Data Re-release

Evidence · text

“18m @ 1.46% Li2O & 81ppm Ta from 134m CLMRC042”

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Stale Data Re-releasenegative

Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

CLMRC042Medcalf West Exploration Target · tantalumGrade: 81Grade Unit: ppm TaIntercept: 18 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
CLMRC042
Project
Medcalf West Exploration Target
Commodity
tantalum
Region
australia_wa
Reported Region
australia_wa
Ticker
CHR

Geometry

Grade
81
Grade Unit
ppm Ta
Intercept
18 m
From
134 m
To
152 m
Intercept Depth
134 m

Classification

Sample Type
drill
Group ID
CLMRC042:134-152

QA/QC

QA/QC Methods
standards

Review

Needs Review
Yes
Review Reason
historical_restatement
Interp. Status
scored
Historical
Yes
Historical Source Date
2026-03-31T00:00:00.000Z

Dates

Event date
2026-10-21T00:00:00.000Z

Reasoning: This is a re-statement of a historical drill intercept, providing context for the Medcalf West Exploration Target but not representing new information.

Negative factors

  • Stale Data Re-release

Evidence · text

“18m @ 1.46% Li2O & 81ppm Ta from 134m CLMRC042”

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Stale Data Re-releasenegative

Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

CLMRC064DTMedcalf West Exploration Target · lithiumGrade: 1.8Grade Unit: %Intercept: 11 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
CLMRC064DT
Project
Medcalf West Exploration Target
Commodity
lithium
Region
australia_wa
Reported Region
australia_wa
Ticker
CHR

Geometry

Grade
1.8
Grade Unit
%
Intercept
11 m
From
111 m
To
122 m
Intercept Depth
111 m

Classification

Sample Type
drill
Group ID
CLMRC064DT:111-122

QA/QC

QA/QC Methods
standards

Review

Needs Review
Yes
Review Reason
historical_restatement
Interp. Status
scored
Historical
Yes
Historical Source Date
2026-03-31T00:00:00.000Z

Dates

Event date
2026-10-21T00:00:00.000Z

Reasoning: This is a re-statement of a historical drill intercept, providing context for the Medcalf West Exploration Target but not representing new information.

Negative factors

  • Stale Data Re-release

Evidence · text

“11m @ 1.80% Li2O & 125ppm Ta from 111m CLMRC064DT”

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Stale Data Re-releasenegative

Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

CLMRC064DTMedcalf West Exploration Target · tantalumGrade: 125Grade Unit: ppm TaIntercept: 11 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
CLMRC064DT
Project
Medcalf West Exploration Target
Commodity
tantalum
Region
australia_wa
Reported Region
australia_wa
Ticker
CHR

Geometry

Grade
125
Grade Unit
ppm Ta
Intercept
11 m
From
111 m
To
122 m
Intercept Depth
111 m

Classification

Sample Type
drill
Group ID
CLMRC064DT:111-122

QA/QC

QA/QC Methods
standards

Review

Needs Review
Yes
Review Reason
historical_restatement
Interp. Status
scored
Historical
Yes
Historical Source Date
2026-03-31T00:00:00.000Z

Dates

Event date
2026-10-21T00:00:00.000Z

Reasoning: This is a re-statement of a historical drill intercept, providing context for the Medcalf West Exploration Target but not representing new information.

Negative factors

  • Stale Data Re-release

Evidence · text

“11m @ 1.80% Li2O & 125ppm Ta from 111m CLMRC064DT”

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Stale Data Re-releasenegative

Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

CLMRC064DTMedcalf West Exploration Target · lithiumGrade: 1.1Grade Unit: %Intercept: 6.35 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
CLMRC064DT
Project
Medcalf West Exploration Target
Commodity
lithium
Region
australia_wa
Reported Region
australia_wa
Ticker
CHR

Geometry

Grade
1.1
Grade Unit
%
Intercept
6.35 m
From
218 m
To
224.35 m
Intercept Depth
218 m

Classification

Sample Type
drill
Group ID
CLMRC064DT:218-224.35

QA/QC

QA/QC Methods
standards

Review

Needs Review
Yes
Review Reason
historical_restatement
Interp. Status
scored
Historical
Yes
Historical Source Date
2026-03-31T00:00:00.000Z

Dates

Event date
2026-10-21T00:00:00.000Z

Reasoning: This is a re-statement of a historical drill intercept, providing context for the Medcalf West Exploration Target but not representing new information.

Negative factors

  • Stale Data Re-release

Evidence · text

“6.35m @ 1.10% Li2O & 108ppm Ta from 218m CLMRC064DT”

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Stale Data Re-releasenegative

Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

CLMRC064DTMedcalf West Exploration Target · tantalumGrade: 108Grade Unit: ppm TaIntercept: 6.35 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
CLMRC064DT
Project
Medcalf West Exploration Target
Commodity
tantalum
Region
australia_wa
Reported Region
australia_wa
Ticker
CHR

Geometry

Grade
108
Grade Unit
ppm Ta
Intercept
6.35 m
From
218 m
To
224.35 m
Intercept Depth
218 m

Classification

Sample Type
drill
Group ID
CLMRC064DT:218-224.35

QA/QC

QA/QC Methods
standards

Review

Needs Review
Yes
Review Reason
historical_restatement
Interp. Status
scored
Historical
Yes
Historical Source Date
2026-03-31T00:00:00.000Z

Dates

Event date
2026-10-21T00:00:00.000Z

Reasoning: This is a re-statement of a historical drill intercept, providing context for the Medcalf West Exploration Target but not representing new information.

Negative factors

  • Stale Data Re-release

Evidence · text

“6.35m @ 1.10% Li2O & 108ppm Ta from 218m CLMRC064DT”

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Stale Data Re-releasenegative

Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

CLMRC064DTMedcalf West Exploration Target · lithiumGrade: 0.71Grade Unit: %Intercept: 4.9 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
CLMRC064DT
Project
Medcalf West Exploration Target
Commodity
lithium
Region
australia_wa
Reported Region
australia_wa
Ticker
CHR

Geometry

Grade
0.71
Grade Unit
%
Intercept
4.9 m
From
239.1 m
To
244 m
Intercept Depth
239.1 m

Classification

Sample Type
drill
Group ID
CLMRC064DT:239.1-244

QA/QC

QA/QC Methods
standards

Review

Needs Review
Yes
Review Reason
historical_restatement
Interp. Status
scored
Historical
Yes
Historical Source Date
2026-03-31T00:00:00.000Z

Dates

Event date
2026-10-21T00:00:00.000Z

Reasoning: This is a re-statement of a historical drill intercept, providing context for the Medcalf West Exploration Target but not representing new information.

Negative factors

  • Stale Data Re-release

Evidence · text

“4.9m @ 0.71% Li2O & 100ppm Ta from 239.1m CLMRC064DT”

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Stale Data Re-releasenegative

Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

CLMRC064DTMedcalf West Exploration Target · tantalumGrade: 100Grade Unit: ppm TaIntercept: 4.9 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
CLMRC064DT
Project
Medcalf West Exploration Target
Commodity
tantalum
Region
australia_wa
Reported Region
australia_wa
Ticker
CHR

Geometry

Grade
100
Grade Unit
ppm Ta
Intercept
4.9 m
From
239.1 m
To
244 m
Intercept Depth
239.1 m

Classification

Sample Type
drill
Group ID
CLMRC064DT:239.1-244

QA/QC

QA/QC Methods
standards

Review

Needs Review
Yes
Review Reason
historical_restatement
Interp. Status
scored
Historical
Yes
Historical Source Date
2026-03-31T00:00:00.000Z

Dates

Event date
2026-10-21T00:00:00.000Z

Reasoning: This is a re-statement of a historical drill intercept, providing context for the Medcalf West Exploration Target but not representing new information.

Negative factors

  • Stale Data Re-release

Evidence · text

“4.9m @ 0.71% Li2O & 100ppm Ta from 239.1m CLMRC064DT”

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Stale Data Re-releasenegative

Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

CLMRC067Medcalf West Exploration Target · lithiumGrade: 1.21Grade Unit: %Intercept: 10 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
CLMRC067
Project
Medcalf West Exploration Target
Commodity
lithium
Region
australia_wa
Reported Region
australia_wa
Ticker
CHR

Geometry

Grade
1.21
Grade Unit
%
Intercept
10 m
From
128 m
To
138 m
Intercept Depth
128 m

Classification

Sample Type
drill
Group ID
CLMRC067:128-138

QA/QC

QA/QC Methods
standards

Review

Needs Review
Yes
Review Reason
historical_restatement
Interp. Status
scored
Historical
Yes
Historical Source Date
2026-03-31T00:00:00.000Z

Dates

Event date
2026-10-21T00:00:00.000Z

Reasoning: This is a re-statement of a historical drill intercept, providing context for the Medcalf West Exploration Target but not representing new information.

Negative factors

  • Stale Data Re-release

Evidence · text

“10.0m @ 1.21% Li2O & 68ppm Ta from 128m CLMRC067”

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Stale Data Re-releasenegative

Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

CLMRC067Medcalf West Exploration Target · tantalumGrade: 68Grade Unit: ppm TaIntercept: 10 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
CLMRC067
Project
Medcalf West Exploration Target
Commodity
tantalum
Region
australia_wa
Reported Region
australia_wa
Ticker
CHR

Geometry

Grade
68
Grade Unit
ppm Ta
Intercept
10 m
From
128 m
To
138 m
Intercept Depth
128 m

Classification

Sample Type
drill
Group ID
CLMRC067:128-138

QA/QC

QA/QC Methods
standards

Review

Needs Review
Yes
Review Reason
historical_restatement
Interp. Status
scored
Historical
Yes
Historical Source Date
2026-03-31T00:00:00.000Z

Dates

Event date
2026-10-21T00:00:00.000Z

Reasoning: This is a re-statement of a historical drill intercept, providing context for the Medcalf West Exploration Target but not representing new information.

Negative factors

  • Stale Data Re-release

Evidence · text

“10.0m @ 1.21% Li2O & 68ppm Ta from 128m CLMRC067”

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Stale Data Re-releasenegative

Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

CLMRC043Medcalf West Exploration Target · lithiumGrade: 1.15Grade Unit: %Intercept: 3 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
CLMRC043
Project
Medcalf West Exploration Target
Commodity
lithium
Region
australia_wa
Reported Region
australia_wa
Ticker
CHR

Geometry

Grade
1.15
Grade Unit
%
Intercept
3 m
From
26 m
To
29 m
Intercept Depth
26 m

Classification

Sample Type
drill
Group ID
CLMRC043:26-29

QA/QC

QA/QC Methods
standards

Review

Needs Review
Yes
Review Reason
historical_restatement
Interp. Status
scored
Historical
Yes
Historical Source Date
2026-03-31T00:00:00.000Z

Dates

Event date
2026-10-21T00:00:00.000Z

Reasoning: This is a re-statement of a historical drill intercept, providing context for the Medcalf West Exploration Target but not representing new information.

Negative factors

  • Stale Data Re-release

Evidence · text

“3m @ 1.15% Li2O & 72ppm Ta from 26m CLMRC043”

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Stale Data Re-releasenegative

Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

CLMRC043Medcalf West Exploration Target · tantalumGrade: 72Grade Unit: ppm TaIntercept: 3 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
CLMRC043
Project
Medcalf West Exploration Target
Commodity
tantalum
Region
australia_wa
Reported Region
australia_wa
Ticker
CHR

Geometry

Grade
72
Grade Unit
ppm Ta
Intercept
3 m
From
26 m
To
29 m
Intercept Depth
26 m

Classification

Sample Type
drill
Group ID
CLMRC043:26-29

QA/QC

QA/QC Methods
standards

Review

Needs Review
Yes
Review Reason
historical_restatement
Interp. Status
scored
Historical
Yes
Historical Source Date
2026-03-31T00:00:00.000Z

Dates

Event date
2026-10-21T00:00:00.000Z

Reasoning: This is a re-statement of a historical drill intercept, providing context for the Medcalf West Exploration Target but not representing new information.

Negative factors

  • Stale Data Re-release

Evidence · text

“3m @ 1.15% Li2O & 72ppm Ta from 26m CLMRC043”

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Stale Data Re-releasenegative

Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

CLMRC043Medcalf West Exploration Target · lithiumGrade: 1.11Grade Unit: %Intercept: 5 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
CLMRC043
Project
Medcalf West Exploration Target
Commodity
lithium
Region
australia_wa
Reported Region
australia_wa
Ticker
CHR

Geometry

Grade
1.11
Grade Unit
%
Intercept
5 m
From
120 m
To
125 m
Intercept Depth
120 m

Classification

Sample Type
drill
Group ID
CLMRC043:120-125

QA/QC

QA/QC Methods
standards

Review

Needs Review
Yes
Review Reason
historical_restatement
Interp. Status
scored
Historical
Yes
Historical Source Date
2026-03-31T00:00:00.000Z

Dates

Event date
2026-10-21T00:00:00.000Z

Reasoning: This is a re-statement of a historical drill intercept, providing context for the Medcalf West Exploration Target but not representing new information.

Negative factors

  • Stale Data Re-release

Evidence · text

“5m @ 1.11% Li2O & 70ppm Ta from 120m CLMRC043”

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Stale Data Re-releasenegative

Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

CLMRC043Medcalf West Exploration Target · tantalumGrade: 70Grade Unit: ppm TaIntercept: 5 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
CLMRC043
Project
Medcalf West Exploration Target
Commodity
tantalum
Region
australia_wa
Reported Region
australia_wa
Ticker
CHR

Geometry

Grade
70
Grade Unit
ppm Ta
Intercept
5 m
From
120 m
To
125 m
Intercept Depth
120 m

Classification

Sample Type
drill
Group ID
CLMRC043:120-125

QA/QC

QA/QC Methods
standards

Review

Needs Review
Yes
Review Reason
historical_restatement
Interp. Status
scored
Historical
Yes
Historical Source Date
2026-03-31T00:00:00.000Z

Dates

Event date
2026-10-21T00:00:00.000Z

Reasoning: This is a re-statement of a historical drill intercept, providing context for the Medcalf West Exploration Target but not representing new information.

Negative factors

  • Stale Data Re-release

Evidence · text

“5m @ 1.11% Li2O & 70ppm Ta from 120m CLMRC043”

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Stale Data Re-releasenegative

Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

CLMRC071Medcalf West Exploration Target · lithiumGrade: 1.11Grade Unit: %Intercept: 4 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
CLMRC071
Project
Medcalf West Exploration Target
Commodity
lithium
Region
australia_wa
Reported Region
australia_wa
Ticker
CHR

Geometry

Grade
1.11
Grade Unit
%
Intercept
4 m
From
92 m
To
96 m
Intercept Depth
92 m

Classification

Sample Type
drill
Group ID
CLMRC071:92-96

QA/QC

QA/QC Methods
standards

Review

Needs Review
Yes
Review Reason
historical_restatement
Interp. Status
scored
Historical
Yes
Historical Source Date
2026-03-31T00:00:00.000Z

Dates

Event date
2026-10-21T00:00:00.000Z

Reasoning: This is a re-statement of a historical drill intercept, providing context for the Medcalf West Exploration Target but not representing new information.

Negative factors

  • Stale Data Re-release

Evidence · text

“4.0m @ 1.11% Li2O & 100ppm Ta from 92m CLMRC071”

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Stale Data Re-releasenegative

Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

CLMRC071Medcalf West Exploration Target · tantalumGrade: 100Grade Unit: ppm TaIntercept: 4 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
CLMRC071
Project
Medcalf West Exploration Target
Commodity
tantalum
Region
australia_wa
Reported Region
australia_wa
Ticker
CHR

Geometry

Grade
100
Grade Unit
ppm Ta
Intercept
4 m
From
92 m
To
96 m
Intercept Depth
92 m

Classification

Sample Type
drill
Group ID
CLMRC071:92-96

QA/QC

QA/QC Methods
standards

Review

Needs Review
Yes
Review Reason
historical_restatement
Interp. Status
scored
Historical
Yes
Historical Source Date
2026-03-31T00:00:00.000Z

Dates

Event date
2026-10-21T00:00:00.000Z

Reasoning: This is a re-statement of a historical drill intercept, providing context for the Medcalf West Exploration Target but not representing new information.

Negative factors

  • Stale Data Re-release

Evidence · text

“4.0m @ 1.11% Li2O & 100ppm Ta from 92m CLMRC071”

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Stale Data Re-releasenegative

Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

Resource Estimates (21)

inferredLake Johnston Lithium Project · lithiumTonnes: 310000Grade: 0.94Grade Unit: %Contained Metal: 2900Contained Unit: tHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Lake Johnston Lithium Project
Commodity
lithium
Region
australia_wa
Reported Region
Western Australia
Ticker
CHR

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Shaun Searle
Resource group id
resource:0034ed843789ba51490a
Deposit or zone
Medcalf Lithium Pegmatites - Weathered

Resource Data

Category
inferred
Tonnes
310000
Grade
0.94
Grade Unit
%
Contained Metal
2900
Contained Unit
t
Cutoff Grade
0.4
Cutoff Unit
% Li2O

Prior Estimate

Resource Date
2026-06-23

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2026-06-23T00:00:00.000Z

Dates

Event date
2026-10-21T00:00:00.000Z

Reasoning: This is a re-statement of a prior Inferred Mineral Resource for weathered lithium pegmatites, indicating low novelty but providing context for the project's overall resource.

Positive factors

  • JORC Compliant
  • QP/CP Signed

Negative factors

  • Inferred Resource
  • Stale Estimate

Evidence · table

“0.94”

Context: 0.31

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

inferredLake Johnston Lithium Project · tantalumTonnes: 310000Grade: 109Grade Unit: ppmHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Lake Johnston Lithium Project
Commodity
tantalum
Region
australia_wa
Reported Region
Western Australia
Ticker
CHR

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Shaun Searle
Resource group id
resource:0034ed843789ba51490a
Deposit or zone
Medcalf Lithium Pegmatites - Weathered

Resource Data

Category
inferred
Tonnes
310000
Grade
109
Grade Unit
ppm
Cutoff Grade
65
Cutoff Unit
ppm Ta2O5

Prior Estimate

Resource Date
2026-06-23

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2026-06-23T00:00:00.000Z

Dates

Event date
2026-10-21T00:00:00.000Z

Reasoning: This is a re-statement of a prior Inferred Mineral Resource for weathered tantalum in lithium pegmatites, indicating low novelty but providing context for the project's overall resource.

Positive factors

  • JORC Compliant
  • QP/CP Signed

Negative factors

  • Inferred Resource
  • Stale Estimate

Evidence · table

“109”

Context: 0.31

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

inferredLake Johnston Lithium Project · rubidiumTonnes: 310000Grade: 0.12Grade Unit: %Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Lake Johnston Lithium Project
Commodity
rubidium
Region
australia_wa
Reported Region
Western Australia
Ticker
CHR

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Shaun Searle
Resource group id
resource:0034ed843789ba51490a
Deposit or zone
Medcalf Lithium Pegmatites - Weathered

Resource Data

Category
inferred
Tonnes
310000
Grade
0.12
Grade Unit
%
Cutoff Grade
0.4
Cutoff Unit
% Li2O

Prior Estimate

Resource Date
2026-06-23

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2026-06-23T00:00:00.000Z

Dates

Event date
2026-10-21T00:00:00.000Z

Reasoning: This is a re-statement of a prior Inferred Mineral Resource for weathered rubidium in lithium pegmatites, indicating low novelty but providing context for the project's overall resource.

Positive factors

  • JORC Compliant
  • QP/CP Signed

Negative factors

  • Inferred Resource
  • Stale Estimate

Evidence · table

“0.12”

Context: 0.31

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

inferredLake Johnston Lithium Project · lithiumTonnes: 10300000Grade: 1Grade Unit: %Contained Metal: 103000Contained Unit: tHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Lake Johnston Lithium Project
Commodity
lithium
Region
australia_wa
Reported Region
Western Australia
Ticker
CHR

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Shaun Searle
Resource group id
resource:ee1b6066fa2da2b33361
Deposit or zone
Medcalf Lithium Pegmatites - Primary

Resource Data

Category
inferred
Tonnes
10300000
Grade
1
Grade Unit
%
Contained Metal
103000
Contained Unit
t
Cutoff Grade
0.4
Cutoff Unit
% Li2O

Prior Estimate

Resource Date
2026-06-23

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2026-06-23T00:00:00.000Z

Dates

Event date
2026-10-21T00:00:00.000Z

Reasoning: This is a re-statement of a prior Inferred Mineral Resource for primary lithium pegmatites, indicating low novelty but providing context for the project's overall resource.

Positive factors

  • JORC Compliant
  • QP/CP Signed

Negative factors

  • Inferred Resource
  • Stale Estimate

Evidence · table

“1.00”

Context: 10.3

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

inferredLake Johnston Lithium Project · tantalumTonnes: 10300000Grade: 107Grade Unit: ppmHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Lake Johnston Lithium Project
Commodity
tantalum
Region
australia_wa
Reported Region
Western Australia
Ticker
CHR

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Shaun Searle
Resource group id
resource:ee1b6066fa2da2b33361
Deposit or zone
Medcalf Lithium Pegmatites - Primary

Resource Data

Category
inferred
Tonnes
10300000
Grade
107
Grade Unit
ppm
Cutoff Grade
65
Cutoff Unit
ppm Ta2O5

Prior Estimate

Resource Date
2026-06-23

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2026-06-23T00:00:00.000Z

Dates

Event date
2026-10-21T00:00:00.000Z

Reasoning: This is a re-statement of a prior Inferred Mineral Resource for primary tantalum in lithium pegmatites, indicating low novelty but providing context for the project's overall resource.

Positive factors

  • JORC Compliant
  • QP/CP Signed

Negative factors

  • Inferred Resource
  • Stale Estimate

Evidence · table

“107”

Context: 10.3

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

inferredLake Johnston Lithium Project · rubidiumTonnes: 10300000Grade: 0.13Grade Unit: %Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Lake Johnston Lithium Project
Commodity
rubidium
Region
australia_wa
Reported Region
Western Australia
Ticker
CHR

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Shaun Searle
Resource group id
resource:ee1b6066fa2da2b33361
Deposit or zone
Medcalf Lithium Pegmatites - Primary

Resource Data

Category
inferred
Tonnes
10300000
Grade
0.13
Grade Unit
%
Cutoff Grade
0.4
Cutoff Unit
% Li2O

Prior Estimate

Resource Date
2026-06-23

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2026-06-23T00:00:00.000Z

Dates

Event date
2026-10-21T00:00:00.000Z

Reasoning: This is a re-statement of a prior Inferred Mineral Resource for primary rubidium in lithium pegmatites, indicating low novelty but providing context for the project's overall resource.

Positive factors

  • JORC Compliant
  • QP/CP Signed

Negative factors

  • Inferred Resource
  • Stale Estimate

Evidence · table

“0.13”

Context: 10.3

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

inferredLake Johnston Lithium Project · lithiumTonnes: 10600000Grade: 1Grade Unit: %Contained Metal: 106000Contained Unit: tHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Lake Johnston Lithium Project
Commodity
lithium
Region
australia_wa
Reported Region
Western Australia
Ticker
CHR

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Shaun Searle
Resource group id
resource:d7bf47e22e12f2124eb1
Deposit or zone
Medcalf Lithium Pegmatites - Total

Resource Data

Category
inferred
Tonnes
10600000
Grade
1
Grade Unit
%
Contained Metal
106000
Contained Unit
t
Cutoff Grade
0.4
Cutoff Unit
% Li2O

Prior Estimate

Resource Date
2026-06-23

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2026-06-23T00:00:00.000Z

Dates

Event date
2026-10-21T00:00:00.000Z

Reasoning: This is a re-statement of a prior Inferred Mineral Resource for total lithium pegmatites, indicating low novelty but providing context for the project's overall resource.

Positive factors

  • JORC Compliant
  • QP/CP Signed

Negative factors

  • Inferred Resource
  • Stale Estimate

Evidence · table

“1.00”

Context: 10.6

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

inferredLake Johnston Lithium Project · tantalumTonnes: 10600000Grade: 107Grade Unit: ppmHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Lake Johnston Lithium Project
Commodity
tantalum
Region
australia_wa
Reported Region
Western Australia
Ticker
CHR

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Shaun Searle
Resource group id
resource:d7bf47e22e12f2124eb1
Deposit or zone
Medcalf Lithium Pegmatites - Total

Resource Data

Category
inferred
Tonnes
10600000
Grade
107
Grade Unit
ppm
Cutoff Grade
65
Cutoff Unit
ppm Ta2O5

Prior Estimate

Resource Date
2026-06-23

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2026-06-23T00:00:00.000Z

Dates

Event date
2026-10-21T00:00:00.000Z

Reasoning: This is a re-statement of a prior Inferred Mineral Resource for total tantalum in lithium pegmatites, indicating low novelty but providing context for the project's overall resource.

Positive factors

  • JORC Compliant
  • QP/CP Signed

Negative factors

  • Inferred Resource
  • Stale Estimate

Evidence · table

“107”

Context: 10.6

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

inferredLake Johnston Lithium Project · rubidiumTonnes: 10600000Grade: 0.13Grade Unit: %Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Lake Johnston Lithium Project
Commodity
rubidium
Region
australia_wa
Reported Region
Western Australia
Ticker
CHR

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Shaun Searle
Resource group id
resource:d7bf47e22e12f2124eb1
Deposit or zone
Medcalf Lithium Pegmatites - Total

Resource Data

Category
inferred
Tonnes
10600000
Grade
0.13
Grade Unit
%
Cutoff Grade
0.4
Cutoff Unit
% Li2O

Prior Estimate

Resource Date
2026-06-23

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2026-06-23T00:00:00.000Z

Dates

Event date
2026-10-21T00:00:00.000Z

Reasoning: This is a re-statement of a prior Inferred Mineral Resource for total rubidium in lithium pegmatites, indicating low novelty but providing context for the project's overall resource.

Positive factors

  • JORC Compliant
  • QP/CP Signed

Negative factors

  • Inferred Resource
  • Stale Estimate

Evidence · table

“0.13”

Context: 10.6

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

inferredLake Johnston Lithium Project · lithiumTonnes: 100000Grade: 0.12Grade Unit: %Contained Metal: 200Contained Unit: tHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Lake Johnston Lithium Project
Commodity
lithium
Region
australia_wa
Reported Region
Western Australia
Ticker
CHR

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Shaun Searle
Resource group id
resource:c55088ecc6bf625a69ee
Deposit or zone
Medcalf Tantalum Pegmatites - Weathered

Resource Data

Category
inferred
Tonnes
100000
Grade
0.12
Grade Unit
%
Contained Metal
200
Contained Unit
t
Cutoff Grade
0.4
Cutoff Unit
% Li2O

Prior Estimate

Resource Date
2026-06-23

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2026-06-23T00:00:00.000Z

Dates

Event date
2026-10-21T00:00:00.000Z

Reasoning: This is a re-statement of a prior Inferred Mineral Resource for weathered lithium in tantalum pegmatites, indicating low novelty but providing context for the project's overall resource.

Positive factors

  • JORC Compliant
  • QP/CP Signed

Negative factors

  • Inferred Resource
  • Stale Estimate

Evidence · table

“0.12”

Context: 0.1

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

inferredLake Johnston Lithium Project · tantalumTonnes: 100000Grade: 136Grade Unit: ppmHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Lake Johnston Lithium Project
Commodity
tantalum
Region
australia_wa
Reported Region
Western Australia
Ticker
CHR

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Shaun Searle
Resource group id
resource:c55088ecc6bf625a69ee
Deposit or zone
Medcalf Tantalum Pegmatites - Weathered

Resource Data

Category
inferred
Tonnes
100000
Grade
136
Grade Unit
ppm
Cutoff Grade
65
Cutoff Unit
ppm Ta2O5

Prior Estimate

Resource Date
2026-06-23

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2026-06-23T00:00:00.000Z

Dates

Event date
2026-10-21T00:00:00.000Z

Reasoning: This is a re-statement of a prior Inferred Mineral Resource for weathered tantalum in tantalum pegmatites, indicating low novelty but providing context for the project's overall resource.

Positive factors

  • JORC Compliant
  • QP/CP Signed

Negative factors

  • Inferred Resource
  • Stale Estimate

Evidence · table

“136”

Context: 0.1

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

inferredLake Johnston Lithium Project · rubidiumTonnes: 100000Grade: 0.06Grade Unit: %Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Lake Johnston Lithium Project
Commodity
rubidium
Region
australia_wa
Reported Region
Western Australia
Ticker
CHR

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Shaun Searle
Resource group id
resource:c55088ecc6bf625a69ee
Deposit or zone
Medcalf Tantalum Pegmatites - Weathered

Resource Data

Category
inferred
Tonnes
100000
Grade
0.06
Grade Unit
%
Cutoff Grade
0.4
Cutoff Unit
% Li2O

Prior Estimate

Resource Date
2026-06-23

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2026-06-23T00:00:00.000Z

Dates

Event date
2026-10-21T00:00:00.000Z

Reasoning: This is a re-statement of a prior Inferred Mineral Resource for weathered rubidium in tantalum pegmatites, indicating low novelty but providing context for the project's overall resource.

Positive factors

  • JORC Compliant
  • QP/CP Signed

Negative factors

  • Inferred Resource
  • Stale Estimate

Evidence · table

“0.06”

Context: 0.1

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

inferredLake Johnston Lithium Project · lithiumTonnes: 2000000Grade: 0.24Grade Unit: %Contained Metal: 5000Contained Unit: tHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Lake Johnston Lithium Project
Commodity
lithium
Region
australia_wa
Reported Region
Western Australia
Ticker
CHR

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Shaun Searle
Resource group id
resource:f4460cca6902355b6e58
Deposit or zone
Medcalf Tantalum Pegmatites - Primary

Resource Data

Category
inferred
Tonnes
2000000
Grade
0.24
Grade Unit
%
Contained Metal
5000
Contained Unit
t
Cutoff Grade
0.4
Cutoff Unit
% Li2O

Prior Estimate

Resource Date
2026-06-23

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2026-06-23T00:00:00.000Z

Dates

Event date
2026-10-21T00:00:00.000Z

Reasoning: This is a re-statement of a prior Inferred Mineral Resource for primary lithium in tantalum pegmatites, indicating low novelty but providing context for the project's overall resource.

Positive factors

  • JORC Compliant
  • QP/CP Signed

Negative factors

  • Inferred Resource
  • Stale Estimate

Evidence · table

“0.24”

Context: 2.0

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

inferredLake Johnston Lithium Project · tantalumTonnes: 2000000Grade: 132Grade Unit: ppmContained Metal: 5000Contained Unit: tHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Lake Johnston Lithium Project
Commodity
tantalum
Region
australia_wa
Reported Region
Western Australia
Ticker
CHR

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Shaun Searle
Resource group id
resource:f4460cca6902355b6e58
Deposit or zone
Medcalf Tantalum Pegmatites - Primary

Resource Data

Category
inferred
Tonnes
2000000
Grade
132
Grade Unit
ppm
Contained Metal
5000
Contained Unit
t
Cutoff Grade
65
Cutoff Unit
ppm Ta2O5

Prior Estimate

Resource Date
2026-06-23

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2026-06-23T00:00:00.000Z

Dates

Event date
2026-10-21T00:00:00.000Z

Reasoning: This is a re-statement of a prior Inferred Mineral Resource for primary tantalum in tantalum pegmatites, indicating low novelty but providing context for the project's overall resource.

Positive factors

  • JORC Compliant
  • QP/CP Signed

Negative factors

  • Inferred Resource
  • Stale Estimate

Evidence · table

“132”

Context: 2.0

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

inferredLake Johnston Lithium Project · rubidiumTonnes: 2000000Grade: 0.09Grade Unit: %Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Lake Johnston Lithium Project
Commodity
rubidium
Region
australia_wa
Reported Region
Western Australia
Ticker
CHR

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Shaun Searle
Resource group id
resource:f4460cca6902355b6e58
Deposit or zone
Medcalf Tantalum Pegmatites - Primary

Resource Data

Category
inferred
Tonnes
2000000
Grade
0.09
Grade Unit
%
Cutoff Grade
0.4
Cutoff Unit
% Li2O

Prior Estimate

Resource Date
2026-06-23

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2026-06-23T00:00:00.000Z

Dates

Event date
2026-10-21T00:00:00.000Z

Reasoning: This is a re-statement of a prior Inferred Mineral Resource for primary rubidium in tantalum pegmatites, indicating low novelty but providing context for the project's overall resource.

Positive factors

  • JORC Compliant
  • QP/CP Signed

Negative factors

  • Inferred Resource
  • Stale Estimate

Evidence · table

“0.09”

Context: 2.0

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

inferredLake Johnston Lithium Project · lithiumTonnes: 2200000Grade: 0.23Grade Unit: %Contained Metal: 5000Contained Unit: tHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Lake Johnston Lithium Project
Commodity
lithium
Region
australia_wa
Reported Region
Western Australia
Ticker
CHR

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Shaun Searle
Resource group id
resource:82390d9af19ef7169c5d
Deposit or zone
Medcalf Tantalum Pegmatites - Total

Resource Data

Category
inferred
Tonnes
2200000
Grade
0.23
Grade Unit
%
Contained Metal
5000
Contained Unit
t
Cutoff Grade
0.4
Cutoff Unit
% Li2O

Prior Estimate

Resource Date
2026-06-23

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2026-06-23T00:00:00.000Z

Dates

Event date
2026-10-21T00:00:00.000Z

Reasoning: This is a re-statement of a prior Inferred Mineral Resource for total lithium in tantalum pegmatites, indicating low novelty but providing context for the project's overall resource.

Positive factors

  • JORC Compliant
  • QP/CP Signed

Negative factors

  • Inferred Resource
  • Stale Estimate

Evidence · table

“0.23”

Context: 2.2

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

inferredLake Johnston Lithium Project · tantalumTonnes: 2200000Grade: 132Grade Unit: ppmContained Metal: 5000Contained Unit: tHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Lake Johnston Lithium Project
Commodity
tantalum
Region
australia_wa
Reported Region
Western Australia
Ticker
CHR

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Shaun Searle
Resource group id
resource:82390d9af19ef7169c5d
Deposit or zone
Medcalf Tantalum Pegmatites - Total

Resource Data

Category
inferred
Tonnes
2200000
Grade
132
Grade Unit
ppm
Contained Metal
5000
Contained Unit
t
Cutoff Grade
65
Cutoff Unit
ppm Ta2O5

Prior Estimate

Resource Date
2026-06-23

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2026-06-23T00:00:00.000Z

Dates

Event date
2026-10-21T00:00:00.000Z

Reasoning: This is a re-statement of a prior Inferred Mineral Resource for total tantalum in tantalum pegmatites, indicating low novelty but providing context for the project's overall resource.

Positive factors

  • JORC Compliant
  • QP/CP Signed

Negative factors

  • Inferred Resource
  • Stale Estimate

Evidence · table

“132”

Context: 2.2

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

inferredLake Johnston Lithium Project · rubidiumTonnes: 2200000Grade: 0.09Grade Unit: %Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Lake Johnston Lithium Project
Commodity
rubidium
Region
australia_wa
Reported Region
Western Australia
Ticker
CHR

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Shaun Searle
Resource group id
resource:82390d9af19ef7169c5d
Deposit or zone
Medcalf Tantalum Pegmatites - Total

Resource Data

Category
inferred
Tonnes
2200000
Grade
0.09
Grade Unit
%
Cutoff Grade
0.4
Cutoff Unit
% Li2O

Prior Estimate

Resource Date
2026-06-23

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2026-06-23T00:00:00.000Z

Dates

Event date
2026-10-21T00:00:00.000Z

Reasoning: This is a re-statement of a prior Inferred Mineral Resource for total rubidium in tantalum pegmatites, indicating low novelty but providing context for the project's overall resource.

Positive factors

  • JORC Compliant
  • QP/CP Signed

Negative factors

  • Inferred Resource
  • Stale Estimate

Evidence · table

“0.09”

Context: 2.2

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

inferredLake Johnston Lithium Project · lithiumTonnes: 12800000Grade: 0.87Grade Unit: %Contained Metal: 111000Contained Unit: tHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Lake Johnston Lithium Project
Commodity
lithium
Region
australia_wa
Reported Region
Western Australia
Ticker
CHR

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Shaun Searle
Resource group id
resource:b9d919fe6065cbba86e0
Deposit or zone
Total MRE

Resource Data

Category
inferred
Tonnes
12800000
Grade
0.87
Grade Unit
%
Contained Metal
111000
Contained Unit
t
Cutoff Grade
0.4
Cutoff Unit
% Li2O

Prior Estimate

Resource Date
2026-06-23

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2026-06-23T00:00:00.000Z

Dates

Event date
2026-10-21T00:00:00.000Z

Reasoning: This is a re-statement of a prior Inferred Mineral Resource for the total MRE, indicating low novelty but providing context for the project's overall resource.

Positive factors

  • JORC Compliant
  • QP/CP Signed

Negative factors

  • Inferred Resource
  • Stale Estimate

Evidence · table

“0.87”

Context: 12.8

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

inferredLake Johnston Lithium Project · tantalumTonnes: 12800000Grade: 112Grade Unit: ppmHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Lake Johnston Lithium Project
Commodity
tantalum
Region
australia_wa
Reported Region
Western Australia
Ticker
CHR

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Shaun Searle
Resource group id
resource:b9d919fe6065cbba86e0
Deposit or zone
Total MRE

Resource Data

Category
inferred
Tonnes
12800000
Grade
112
Grade Unit
ppm
Cutoff Grade
65
Cutoff Unit
ppm Ta2O5

Prior Estimate

Resource Date
2026-06-23

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2026-06-23T00:00:00.000Z

Dates

Event date
2026-10-21T00:00:00.000Z

Reasoning: This is a re-statement of a prior Inferred Mineral Resource for total tantalum in the MRE, indicating low novelty but providing context for the project's overall resource.

Positive factors

  • JORC Compliant
  • QP/CP Signed

Negative factors

  • Inferred Resource
  • Stale Estimate

Evidence · table

“112”

Context: 12.8

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

inferredLake Johnston Lithium Project · rubidiumTonnes: 12800000Grade: 0.12Grade Unit: %Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Lake Johnston Lithium Project
Commodity
rubidium
Region
australia_wa
Reported Region
Western Australia
Ticker
CHR

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Shaun Searle
Resource group id
resource:b9d919fe6065cbba86e0
Deposit or zone
Total MRE

Resource Data

Category
inferred
Tonnes
12800000
Grade
0.12
Grade Unit
%
Cutoff Grade
0.4
Cutoff Unit
% Li2O

Prior Estimate

Resource Date
2026-06-23

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2026-06-23T00:00:00.000Z

Dates

Event date
2026-10-21T00:00:00.000Z

Reasoning: This is a re-statement of a prior Inferred Mineral Resource for total rubidium in the MRE, indicating low novelty but providing context for the project's overall resource.

Positive factors

  • JORC Compliant
  • QP/CP Signed

Negative factors

  • Inferred Resource
  • Stale Estimate

Evidence · table

“0.12”

Context: 12.8

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Metallurgical Results (8)

ore-sortingLake Johnston Lithium Project · lithiumRecovery: 94.9 %Head Grade: 1.01Head Grade Unit: % Li2OHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Lake Johnston Lithium Project
Commodity
lithium
Region
australia_wa
Reported Region
Western Australia
Ticker
CHR

Test Work

Program Status
preliminary
Test Type
ore-sorting
Processing Route
crushing, screening, ore-sorting
Sample
Master Composite (overall combined product including -10mm fines)

Recovery

Recovery
94.9 %
Recovery Basis
actual_test
Head Grade
1.01
Head Grade Unit
% Li2O
Conc. Grade
1.32
Conc. Grade Unit
% Li2O
Mass Pull
72.5 %

Lab

Laboratory
Independent Metallurgical Operations and TOMRA
Consultant
Alex Borger

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2026-07-02T00:00:00.000Z

Dates

Event date
2026-10-21T00:00:00.000Z

Reasoning: Excellent lithium recovery of 94.9% and grade upgrade to 1.32% Li2O from 1.01% Li2O head grade, achieved through ore-sorting, indicating strong metallurgical performance and de-risking for the project.

Positive factors

  • High Recovery
  • Recovery Improving
  • Pilot Scale Complete
  • Free Milling

Evidence · text

“The Li2O grade of 1.32% with a lithium recovery of 94.9% with a mass recovery of 72.5%.”

Tags used in scoring

High Recoverypositive

Recovery at or above the exceptional band for the commodity and processing route.

Why it applies: 94.9% is at or above the exceptional band (80%)

ore-sortingLake Johnston Lithium Project · tantalumRecovery: 97.2 %Head Grade: 109Head Grade Unit: ppm Ta2O5Historical resultNeeds review: historical_restatementView all details
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Identity

Project
Lake Johnston Lithium Project
Commodity
tantalum
Region
australia_wa
Reported Region
Western Australia
Ticker
CHR

Test Work

Program Status
preliminary
Test Type
ore-sorting
Processing Route
crushing, screening, ore-sorting
Sample
Master Composite (overall combined product including -10mm fines)

Recovery

Recovery
97.2 %
Recovery Basis
actual_test
Head Grade
109
Head Grade Unit
ppm Ta2O5
Conc. Grade
147
Conc. Grade Unit
ppm Ta2O5
Mass Pull
72.5 %

Lab

Laboratory
Independent Metallurgical Operations and TOMRA
Consultant
Alex Borger

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2026-07-02T00:00:00.000Z

Dates

Event date
2026-10-21T00:00:00.000Z

Reasoning: Excellent tantalum recovery of 97.2% and grade upgrade to 147ppm Ta2O5, achieved through ore-sorting, indicating strong metallurgical performance for a valuable byproduct.

Positive factors

  • High Recovery
  • Recovery Improving
  • Pilot Scale Complete

Evidence · text

“The Ta2O5 grade increased to 147ppm with recovery of 97.2% of the tantalum oxide.”
ore-sortingLake Johnston Lithium Project · lithiumRecovery: 78.4 %Historical resultNeeds review: historical_restatementView all details
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Identity

Project
Lake Johnston Lithium Project
Commodity
lithium
Region
australia_wa
Reported Region
Western Australia
Ticker
CHR

Test Work

Program Status
preliminary
Test Type
ore-sorting
Processing Route
crushing, screening, ore-sorting
Sample
Combined +10mm and +25mm concentrate

Recovery

Recovery
78.4 %
Recovery Basis
actual_test
Conc. Grade
1.37
Conc. Grade Unit
% Li2O
Mass Pull
57.7 %

Lab

Laboratory
Independent Metallurgical Operations and TOMRA
Consultant
Alex Borger

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2026-07-02T00:00:00.000Z

Dates

Event date
2026-10-21T00:00:00.000Z

Reasoning: Strong lithium concentrate grade of 1.37% Li2O with 78.4% recovery from the coarser ore-sorted fraction, demonstrating effective pre-concentration.

Positive factors

  • High Recovery
  • Pilot Scale Complete
  • Free Milling

Evidence · text

“Combined +10mm and +25mm concentrate achieved grades of 1.37% Li2O and 159ppm Ta2O5. This accounted for ~58% of the overall mass with recoveries of 78.4% and 83.6% respectively.”
ore-sortingLake Johnston Lithium Project · tantalumRecovery: 83.6 %Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Lake Johnston Lithium Project
Commodity
tantalum
Region
australia_wa
Reported Region
Western Australia
Ticker
CHR

Test Work

Program Status
preliminary
Test Type
ore-sorting
Processing Route
crushing, screening, ore-sorting
Sample
Combined +10mm and +25mm concentrate

Recovery

Recovery
83.6 %
Recovery Basis
actual_test
Conc. Grade
159
Conc. Grade Unit
ppm Ta2O5
Mass Pull
57.7 %

Lab

Laboratory
Independent Metallurgical Operations and TOMRA
Consultant
Alex Borger

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2026-07-02T00:00:00.000Z

Dates

Event date
2026-10-21T00:00:00.000Z

Reasoning: Strong tantalum concentrate grade of 159ppm Ta2O5 with 83.6% recovery from the coarser ore-sorted fraction, indicating effective pre-concentration for a valuable byproduct.

Positive factors

  • High Recovery
  • Pilot Scale Complete

Evidence · text

“Combined +10mm and +25mm concentrate achieved grades of 1.37% Li2O and 159ppm Ta2O5. This accounted for ~58% of the overall mass with recoveries of 78.4% and 83.6% respectively.”
magnetic separationLake Johnston Lithium Project · lithiumRecovery: 96.9 %Head Grade: 1.24Head Grade Unit: % Li2OHistorical resultNeeds review: historical_restatementView all details
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Identity

Project
Lake Johnston Lithium Project
Commodity
lithium
Region
australia_wa
Reported Region
Western Australia
Ticker
CHR

Test Work

Program Status
preliminary
Test Type
magnetic separation
Processing Route
magnetic separation
Sample
-10mm material from Master Composite and two Variability Composites

Recovery

Recovery
96.9 %
Recovery Basis
actual_test
Head Grade
1.24
Head Grade Unit
% Li2O
Conc. Grade
1.48
Conc. Grade Unit
% Li2O

Lab

Laboratory
Independent Metallurgical Operations and TOMRA
Consultant
Alex Borger

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2026-07-02T00:00:00.000Z

Dates

Event date
2026-10-21T00:00:00.000Z

Reasoning: High lithium recovery of 96.9% and grade upgrade to 1.48% Li2O from 1.24% Li2O head grade through magnetic separation on the fines fraction, indicating further processing potential.

Positive factors

  • High Recovery
  • Recovery Improving

Evidence · text

“the test showed that, in the non-magnetic stream, Li2O recovery was 96.9% at a grade of 1.48% Li2O (magnetic separation feed head grade of 1.24% Li2O), an upgrade factor of 19%”

Tags used in scoring

High Recoverypositive

Recovery at or above the exceptional band for the commodity and processing route.

Why it applies: 96.9% is at or above the exceptional band (80%)

magnetic separationLake Johnston Lithium Project · iron_oreHistorical resultNeeds review: historical_restatementView all details
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Identity

Project
Lake Johnston Lithium Project
Commodity
iron_ore
Region
australia_wa
Reported Region
Western Australia
Ticker
CHR

Test Work

Program Status
preliminary
Test Type
magnetic separation
Processing Route
magnetic separation
Sample
-10mm material from Master Composite and two Variability Composites

Recovery

Recovery Basis
actual_test
Tailings Grade
10.8
Tailings Grade Unit
% Fe
Mass Pull
18.55 %

Lab

Laboratory
Independent Metallurgical Operations and TOMRA
Consultant
Alex Borger

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2026-07-02T00:00:00.000Z

Dates

Event date
2026-10-21T00:00:00.000Z

Reasoning: Effective iron rejection demonstrated by 18.55% mass reporting to tails with 10.8% Fe grade during magnetic separation, which is positive for concentrate quality.

Positive factors

  • Free Milling

Evidence · text

“18.55% of the mass reported to the tails (magnetic product) with ~59.8% of the iron at a grade of 10.8% Fe showing iron rejection was effective.”
CWi testingLake Johnston Lithium Project · lithiumHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Lake Johnston Lithium Project
Commodity
lithium
Region
australia_wa
Reported Region
Western Australia
Ticker
CHR

Test Work

Test Type
CWi testing
Processing Route
crushing
Sample
Master Composite

Reagents

Reagent Notes
average crushing work index to be 7.55 kWh/tonne and abrasion index of 0.302

Lab

Laboratory
Independent Metallurgical Operations
Consultant
Alex Borger

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2026-07-02T00:00:00.000Z

Dates

Event date
2026-10-21T00:00:00.000Z

Reasoning: Crushing work index of 7.55 kWh/tonne and abrasion index of 0.302 are in the moderate range, indicating manageable comminution characteristics for the ore.

Evidence · text

“The results show the average crushing work index to be 7.55 kWh/tonne and abrasion index of 0.302 which are in the moderate range.”
Fact 8Bynoe Lithium ProjectView all details
Link to this fact

Identity

Project
Bynoe Lithium Project
Region
australia_nt
Reported Region
Northern Territory
Ticker
CHR

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-21T00:00:00.000Z

Reasoning: The sale of the Bynoe Lithium Project for $3.752 million cash significantly boosts the company's funding for ongoing activities, while retaining future upside through milestone and royalty considerations.

Positive factors

  • Significant cash injection
  • Maintains exposure to exploration and development success through royalty and milestone payments

Evidence · text

“$3,752,000 cash received 17 July 2026”

How Atlas produces this analysis

Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.