InvestSMART

Chariot Resources Ltd (ASX:CC9)

ALERT: Price-sensitive ASX Announcement for CC9
Current share price for CC9 : $0.078 0.019 (32.20%)+
Announcement
Release
9 Jul 2026 8:56AM
Price at Release
$0.059
Full Release
download
Summary
Chariot Resources Ltd, an Australian company listed as CC9 on the ASX, is making significant progress in its acquisition of a 66.667% interest in a Nigerian hard-rock lithium portfolio from Continental Lithium Limited. This portfolio includes 11 mineral titles with exploration licenses and Small-Scale Mining Leases. Recent regulatory approvals in Nigeria support the transfer and conversion of these titles, which are integral to finalizing the acquisition. A convertible shareholder loan agreement has been adjusted to support ongoing expenses, with Chariot working closely with Nigerian authorities to meet all legal and regulatory requirements.
Key Points
  • Chariot Resources Ltd is progressing towards acquiring a 66.667% interest in a Nigerian hard-rock lithium portfolio from Continental Lithium Limited.
  • The Nigerian portfolio consists of 11 mineral titles, including eight exploration licenses and three Small-Scale Mining Leases (SSMLs).
  • Recent approvals from the Mining Cadastre Office of Nigeria include the transfer of exploration licenses EL 38148, EL 67480, and EL 68365 to C&C Minerals.
  • The Ministry of Solid Minerals Development in Nigeria has accepted applications for converting certain SSMLs into mining leases.
  • Chariot has executed an addendum to the convertible shareholder loan agreement, increasing the loan to US$879,195 to fund licence-related activities.
  • Chariot continues to work with Nigerian authorities to complete the acquisition process and will update shareholders as progress is made.
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.