Chariot Resources Ltd (ASX:CC9) (FRA:ZJ5) (OTCMKTS:CHRTF) is a mineral exploration company focused on discovering and developing high-grade and near surface lithium opportunities focused principally in the United States and Nigeria. The Company recently announced an acquisition of a Nigeria portfolio of hard-rock lithium assets consisting of four project clusters. The projects cover approximately 254 square kilometers and are comprised of 8 exploration licences and 2 small-scale mining leases. These assets represent one of the largest portfolios of lithium assets in the country with high-grade surface samples and have a history of artisanal lithium mining.
In addition, Chariot has two core US projects and a number of exploration pipeline projects which Chariot majority owns and operates.
The core US projects include the Resurgent Project (which is prospective for claystone lithium in the McDermitt Caldera) in Nevada and Oregon, USA and the Black Mountain Project (which is prospective for hard rock lithium) in Wyoming, USA. The McDermitt Caldera has a defined MRE of over 87Mt LCE and hosts the world class Thacker Pass project. Initial survey results from the core US projects indicate high-grade lithium mineralisation at surface.
Chariot also holds a portfolio interest in certain properties prospective for claystone hosted lithium, including an NI 43-101 mineral resource estimate of 10.2Mt LCE, located in the State of Nevada in the United States through its interest in Mustang Lithium LLC.
