Nice releases by Cxo today in relation to their Finniss lithium...

Nice releases by Cxo today in relation to their Finniss lithium project in Bynoe.

CXO are looking to make FID and get into construction this year.

Chargers ELA30897 is right next door to all of this. The 7up prospect is just a few kilometres away from some of CXO’s deposits.

I think there is a real chance here to source one of the many rigs Cxo has up there and punch a few holes into 7up before the wet season. Should a deposit be found then that opens up some potential doors for CHR including:

* selling the deposit to Cxo who are chasing more tonnage
* getting paid a royalty for any tonnage discovered on ELA30897 and processed by Cxo
* paying Cxo a royalty to use their plant at the end of mine life and process any tonnage ourselves

etc.

Hopefully we can act quick

IMO

GLTAH