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Chariot Resources Ltd (ASX:CC9)

ALERT: Price-sensitive ASX Announcement for CC9
Current share price for CC9 : $0.060 -0.033 (-35.48%)+
Announcement
Release
29 Apr 2026 9:16AM
Price at Release
$0.093
Full Release
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Summary
Chariot Resources Ltd has provided an update on its acquisition of a 66.667% interest in a Nigerian hard-rock lithium portfolio from Continental Lithium Limited. The acquisition involves ten licenses across four project clusters in Kwara and Oyo States, Nigeria. As of the announcement, five licenses have been successfully transferred and reissued to C&C Minerals Limited, a joint venture between Chariot and Continental. Chariot has extended the deadline for fulfilling the conditions precedent of the acquisition to August 5, 2026, due to administrative delays with the Nigerian Mining Cadastre Office. Field samples from Fonlo and Iganna clusters have confirmed spodumene-bearing pegmatites, highlighting lithium potential. Chariot is focused on finalizing the remaining license transfers and obtaining shareholder approval for issuing consideration shares. The company plans to commence exploration activities upon acquisition completion.
Key Points
  • Chariot Resources Ltd is acquiring a 66.667% interest in a Nigerian lithium portfolio.
  • Five of ten licenses have been transferred to C&C Minerals Limited.
  • The acquisition's conditions precedent deadline extended to August 5, 2026.
  • Spodumene-bearing pegmatites confirmed at Fonlo and Iganna clusters.
  • Chariot is working on finalizing license transfers and obtaining shareholder approval.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.