Charger threw a new wildcard into the Lake Johnston area thinking today with the definition of a Niobium anomaly. I'd suggest it was a fairly weak anomaly as the grades only reached 21.4ppm into the anomaly zone but still they got a 41% increase for the day.
For those not following (which is most likely heaps of people) WA1 has had a huge run on the discovery of not just a Niobium deposit but on with strong grades. It went from 14c in Oct 2022 to $21.30 today with a market cap of over $1b. This >10,000% return in a couple of years will draw in followers that look for a repeat and CHR appears to have pressed a few of those buttons. Do they have something of value - sorry I don't know. If there is a valuable find in Chargers tenement that is a adjacent to E25 that increases the value of E25's tenement.
They also defined an even larger 100ppm Li2O anomaly on the southern boundary of E25's tenement. The blue arrows show areas where the soil anomalies are larger or right on the boundary with E25's tenement. Given the similarity seen either side of TG6 / CHR's boundary its likely that if E25 were to do soils on the CHR boundary they would also find >100ppm Li2O anomalies.
E25 Price at posting:
27.5¢ Sentiment: Buy Disclosure: Held
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