Chariot Corporation Ltd (ASX:CC9) was formed to target “early” opportunities in the lithium industry globally.
The Company is currently focused on selected projects located in the United States. The U.S. has a substantial endowment of lithium mineralisation, but lags behind more developed lithium regions, such as Australia, Chile and Argentina, in terms of lithium production. A significant increase in U.S. lithium supply is required to enable a domestic and secure source of this critical input into batteries to meet anticipated demand from U.S. battery manufacturers.
Chariot has specifically targeted lithium exploration opportunities in the United States with lithium mineralisation at surface with large-scale potential based on surface area.
Chariot’s projects are prospective for both hard rock lithium (i.e., spodumene) in Central Wyoming and claystone-hosted lithium in Nevada and Oregon. Recent rock chip assay results at the Black Mountain Project and the Resurgent Project demonstrate the presence of lithium mineralisation at surface. The assay results and initial geological work suggest that these two projects compare favourably with respect to grade and scale with similar early-stage hard rock lithium and claystone lithium projects in the U.S.
Chariot's projects are located in mining-friendly jurisdictions.
The Company believes these two core projects represent early, prospective lithium opportunities in the United States.