Black Mountain Project Land Position Expanded

Chariot Corporation Limited (“Chariot”, “CC9” or the “Company”) is pleased to announce that it has significantly expanded the footprint of the Black Mountain project (“Black Mountain“) by staking and filing with the Bureau of Land Management (”BLM”) 218 unpatented lode mining claims (“Claims”) totalling 1,807 ha of tenure (“BMX Claims”).

HIGHLIGHTS

• Chariot expands Black Mountain project by 218 contiguous claims resulting in a 206% increase in project tenure area
• Black Mountain project now comprises 352 claims covering 2,686 ha of tenure
• Chariot has increased its ownership interests in its Wyoming Lithium Portfolio to 93.9%

The BMX claims were staked as a buffer and to cover possible extensions to the pegmatite dike swarms under shallow cover at Black Mountain.

Figure 1: Black Mountain Project – expanded footprint

Increased Ownership of Wyoming Lithium Portfolio

On 9 January 2024, Chariot increased its ownership of Wyoming Lithium Pty Ltd (“WLPL”) from 91.9% to 93.9% via a share subscription to reimburse Chariot for exploration expenses incurred at the Wyoming Lithium Projects.

Chariot’s Preeminent Position in Wyoming

The Company owns seven (7) hard rock lithium projects in Wyoming (“Wyoming Lithium Portfolio”), which is a State that is poised to become an important future supplier of a critical mineral for the U.S.A. (see Figure 2). Each of the projects comprising Chariot’s Wyoming Lithium Portfolio is located in an area without any known land-use encumbrances.

A summary of Chariot’s current land position in Wyoming is summarised below in Table 1 and Figure 2.

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