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Chariot Resources Ltd (ASX:CC9)

ALERT: Price-sensitive ASX Announcement for CC9
Current share price for CC9 : $0.060 -0.014 (-18.92%)+
Announcement
Release
15 May 2026 9:25AM
Price at Release
$0.074
Full Release
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Summary
Chariot Resources Ltd (ASX: CC9) announced a significant update regarding their Nigerian lithium portfolio acquisition from Continental Lithium Limited. They have executed a third deed of variation with Continental, including SSML 042553 in the acquisition perimeter, with no additional acquisition consideration. This expansion extends the portfolio to 11 mineral titles over 257.1 km², consolidating rights in the Fonlo project area alongside other project clusters in Nigeria. The deed mandates the conversion of small-scale mining licences (SSMLs) to mining leases (MLs), enhancing the tenure and rights for C&C Minerals Ltd, a joint venture between Chariot and Continental. The completion deadline for the transaction has been extended to 5 May 2027, accommodating regulatory processes. This move solidifies Chariot's commitment to strengthening its strategic foothold in Nigeria's lithium sector.
Key Points
  • Chariot Resources Ltd updates on Nigerian lithium acquisition.
  • Third deed of variation with Continental Lithium executed.
  • SSML 042553 included in acquisition perimeter without additional cost.
  • Portfolio expanded to 11 mineral titles over 257.1 km².
  • Conversion of SSMLs to MLs to strengthen tenure rights.
  • Deadline for transaction completion extended to 5 May 2027.
  • Joint venture C&C Minerals Ltd to benefit from expanded mining rights.
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.