Chariot Corporation

Primary Ticker: ASX:CC9
Stage of Development: Exploration
Primary Minerals: Lithium
Country / Region: Nigeria
Market Cap 9.2m
Website: Chariot Corporation

Chariot Corporation Limited 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. In addition to the recently announced acquisition of a Nigeria lithium portfolio, Chariot has twelve (12) lithium projects, including two core US projects and a number of exploration pipeline projects which Chariot majority owns and operates.

The Nigeria portfolio of hard-rock lithium assets consists of four project clusters (Fonlo, Gbugbu, Iganna, and Saki) which 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.

The core US projects include the Black Mountain Project (which is prospective for hard rock lithium) in Wyoming, USA and the Resurgent Project (which is prospective for claystone lithium in the McDermitt Caldera) in Nevada and Oregon, USA. The McDermitt Caldera hosts an MRE of over 87Mt LCE. Initial survey results from the core US projects indicate high-grade lithium mineralisation at surface.

In addition, Chariot 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.

 

Management Profile:

Mr Pathmanathan is the founder, Chief Executive Officer and a Director of Chariot Corporation Ltd. Mr Pathmanathan was the Chief Executive Officer and Managing Director of Lithium Consolidated Ltd, an ASX-listed company, which had one of the largest portfolios of hard rock lithium exploration assets, globally. Mr Pathmanathan has 14 years of investment banking experience in the metals and mining, oil and gas and chemicals sectors. He was Vice President with Deutsche Bank's investment banking division and previously held investment banking and principle investment roles with Macquarie Group in Australia and New York. Mr Pathmanathan has a Bachelor of Laws degree from the University of Western Australia.

 

What is your rationale for taking part in 121 Mining Investment?

Raising investor awareness

 

What recent news would you like to highlight to investors attending?

  • 10 Jul 2025: Chariot to Acquire 67% Stake in Nigerian Lithium Portfolio
 

What are your key goals for the next 3, 6 and 12 months?

3 Months

Initial exploration program at the newly acquired Nigerian lithium projects

6 Months

Initial drilling program at the Nigerian lithium projects

12 Months

Assess the potential to restart artisanal mining at the Nigerian lithium projects

 

What do you think makes your company such a compelling investment?

Large lithium exploration portfolio with access to both U.S. and China centric markets. Projects with high-grade surface samples and a history of artisanal mining.

 

What are the top 3 key investor takeaways?

  • Large lithium exploration portfolio with access to both U.S. and China centric markets.
  • Large U.S. and Nigerian based exploration teams.
  • Iconic exploration assets with lithium at surface & large-scale potential in both hard rock lithium (WY) and in claystone lithium (NV, OR).