Chariot Corporation

Wyoming Summer Exploration Programs

Chariot Corporation Limited (ASX:CC9) (“Chariot” or the “Company”) through a U.S. subsidiary will recommence exploration activities at its Black Mountain project and also engage in exploration activities at its six other lithium-caesium-tantalite (“LCT”) pegmatite projects in Wyoming during the 2024 North American summer season (“Summer Exploration”).


HIGHLIGHTS:

 
  • Hard rock lithium exploration has recommenced in Wyoming with the onset of the 2024 North American summer season
  • ERM appointed to assist with 2024 Wyoming exploration activities
  • Rock-chip/Soil sampling and K feldspar testing will be completed by mid-July to further refine targets for drilling
  • The plan is to drill 3,000 to 4,000m utilizing a cost-efficient, man-portable rigs as a precursor to a larger truck-mounted drilling program
  • Truck-mounted drilling on Black Mountain will recommence once BLM has approved the application for a dramatically larger area of disturbance
The Company has appointed lithium geologists, Mr Ralph Porter and Mr Michael Cronwright from ERM, to assist with designing the Summer Exploration programs. ERM have advised us to conduct extensive K Feldspar testing and further rock-chip and soil sampling as a means of further refining the proposed 2024 drilling of the pegmatite stocks interpreted to be underlying the outcropping pegmatite dikes to the north and east of the area drilled in 2023 and early 2024 (see Figure 1). The upcoming drill program will utilize a man-portable drill rig for the proposed 3,000 to 4,000m of diamond core drilling, which will be conducted under the existing NOI.

K-feldspar testing is a surface exploration method used for identifying and vectoring to highly fractionated LCT pegmatite systems. It has been successfully used by other lithium companies under the guidance of ERM.

The Summer Exploration programs at Black Mountain will transition to a truck-mounted diamond core drilling program upon approval of the EPO which will enable drill pads to be placed over a dramatically larger area of disturbance affording drilling access across the full 6,637 acres of the Black Mountain claims. While waiting for the EPO approval, the Company’s subsidiary will operate with a man-portable diamond drill rig to minimize costs and to keep the area of disturbance within the 5-acre limit permitted by the NOI.

Chariot’s 2023 discovery of spodumene bearing pegmatite dikes at Black Mountain, was the first reported drill intercept of a LCT pegmatite within the Archean-Proterozoic Shield Rocks of Wyoming. The first three drill holes drilled between November 2023 and January 2024, contained spodumene hosted lithium mineralization with grades of up to 1.12% Li2O in intersections of up to 15.42 meters1 (apparent width) and are interpreted to represent the outer branches of a potentially larger unexposed pegmatite system.

Further details of the Summer Exploration programs are provided below.

ERM appointed to assist with the 2024 Wyoming Exploration Program

Chariot has appointed ERM Australia Consultants Pty Ltd (previously CSA Global) and ERM Sustainable Mining Services (“ERM”) to assist with the design and implementation of the 2024 exploration program. ERM has substantial experience with hard rock lithium deposits and has been associated with large hard rock lithium discoveries in Western Australia and Africa.

Chariot is being advised by Ralph Porter and Michael Cronwright from ERM, who are experienced hard rock lithium geologists.

Mr Porter has significant experience in the identification and definition of pegmatite hosted tantalum and lithium, including as a geologist at the world-class Greenbushes lithium and tantalum mine. Mr Porter has provided training, regional assessment, targeting advice and technical input into exploration programs for numerous companies across the Archean Yilgarn and Pilbara cratons of Western Australia and globally.

Mr Cronwright has significant experience in targeting pegmatite hosted mineralisation (including pegmatite hosted lithium) across Africa and globally.

K-feldspar Sampling and K:Rb ratios

Prior to any further drilling, ERM has provided guidance on an expanded exploration program across the broader project areas comprising geological mapping and geochemical sampling focused on exposed pegmatites. The sampling will include the collection of K-feldspar samples to be screened by using a potable XRF (“pXRF”).

Given that lithium bearing pegmatites often have a complex internal zonation, both laterally and vertically, potential lithium mineralization may not be exposed at surface. However, the unmineralized K-feldspar bearing wall and core zones often outcrop and can be readily sampled.


Click here for the full ASX Release

This article includes content from Chariot Corporation, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.

CC9:AU
The Conversation (0)
Black Mountain Phase 2 Program has Commenced

Black Mountain Phase 2 Program has Commenced

Chariot Corporation (CC9:AU) has announced Black Mountain Phase 2 Program has Commenced

Download the PDF here.

Digital hexagons overlay construction site with an excavator and cloudy sky in the background.

Ekin Ober on Why AI Could Be Mining’s Most Valuable Tool Yet

For Ekin Ober, bringing generative artificial intelligence (AI) to the critical metals sector through her work at Aethos Labs wasn’t just about technological innovation — it reshaped how she thinks about strategy and sustainability in mining.

Now a principal at Kinterra Capital, Ober applies that broad, cross-disciplinary lens to investment decisions, emphasizing the importance of digital fluency, stakeholder alignment and long-term viability.

Her experience helps her identify operational bottlenecks and social license challenges early — essential in guiding assets like nickel and copper projects from concept to production.

Keep reading...Show less
Stacks of US$100 bills with upward-pointing wooden arrows.

Chris Berry: The West Must Invest in Refinement Now or Fall Further Behind

China’s grip on the battery metals sector has drawn increasing scrutiny in recent years as nations confront growing concerns around supply chain risk and resource security.

Through a blend of domestic output and aggressive overseas investment, particularly in Africa and South America, Chinese companies now command a significant share of upstream supply.

The country is responsible for roughly 60 percent of global rare earths production and controls over 70 percent of cobalt supply through its stakes in mines across the Democratic Republic of Congo.

Keep reading...Show less
Magnifying glass focusing on the Albemarle website logo.

Albemarle's Commitment to Sustainability Shines in New Report

As global demand for critical minerals intensifies, Albemarle (NYSE:ALB) continues to position itself as a global leader not only in lithium production but also in sustainable practices.

In its newly released 2024 sustainability report, titled “Values-Led, Purpose-Driven,” the company underscores its commitment to reducing its environmental footprint across six continents, supporting global supply chains and promoting human rights across operations.

From cutting freshwater intensity at its Chilean operations by 28 percent to procuring 24 percent of its electricity from renewable sources, Albemarle is striving to grow its energy storage business while keeping carbon emissions flat, as it translates ESG goals into action.

Keep reading...Show less
Salt flats with text overlay: '5 Top Australian Mining Stocks This Week'

Top 5 Australian Mining Stocks This Week: Argosy Climbs 89 Percent on Rincon Lithium Spot Contract

Welcome to the Investing News Network's weekly round-up of Australia’s top-performing mining stocks on the ASX, starting with news in Australia's resource sector.

This week's top performing stocks includes firms focused on a wide variety of metals, including lithium, rutile and manganese. Lithium stocks, including top gainer Argosy Minerals (ASX:AGY), picked up momentum this week as prices moved upwards for a second straight week.

Companies focused on magnetite and rare earths were also among the week's top performers, including Freehill Mining (ASX:FHS), which saw its shares surge following insider buying from key executives including Chairman Benjamin Jarvis.

Keep reading...Show less
Metallic battery with a world map etched on it, against a dark background.

3 Key Themes from Fastmarkets' 2025 Lithium Supply & Battery Raw Materials Event

Market volatility, Chinese control, supply chain risk mitigation and financing emerged as some of the most prevalent themes at the 2025 Fastmarket’s Lithium Supply Battery Raw Materials (LBRM) conference in Las Vegas.

The event, which is in its 17th year, drew a crowd of roughly 1000 delegates, industry experts and analysts, to discuss the current landscape and future projections of the battery materials sector.

During his opening remarks, Fastmarkets CEO Raju Daswani highlighted the growth and maturation the battery raw materials sector has experienced.

Keep reading...Show less

Latest Press Releases

Related News

×