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Chariot Resources Ltd (ASX:CC9)

ALERT: Price-sensitive ASX Announcement for CC9
Current share price for CC9 : $0.066 0.018 (37.50%)+
Announcement
Release
31 Jul 2026 1:15PM
Price at Release
$0.048
Full Release
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Summary
Chariot Resources Ltd presented its Quarterly Activities Report for the quarter ended 30 June 2026, highlighting the progress in acquiring a 66.667% interest in a Nigerian hard-rock lithium portfolio from Continental Lithium Limited. The portfolio consists of eight exploration licenses and three small-scale mining leases across various project clusters in Nigeria. The company also reported mineralogical findings from testwork conducted by the University of British Columbia, confirming the presence of spodumene in samples from the Fonlo and Iganna sites. Financials outlined in the Appendix 5B cash flow report indicate net cash used in operating activities was A$716,000 for the current quarter. Chariot secured a A$3.5 million loan, which carries an 18% annual interest and is backed by a security charge over the company's assets. The report includes details of strategic partnerships, funding pursuits, and corporate board changes, notably the appointment of Mr. Philip Nolis as a Non-Executive Director.
Key Points
  • Chariot Resources Ltd's quarterly report for 30 June 2026 was released.
  • Progress in acquiring a 66.667% interest in a Nigerian lithium portfolio.
  • Portfolio includes eight exploration licenses and three small-scale mining leases.
  • UBC testwork confirmed significant spodumene presence in Nigerian samples.
  • Net cash used in operating activities was reported as A$716,000.
  • Chariot secured a A$3.5 million loan at 18% interest with security on company assets.
  • Strategic partnerships and funding discussions are ongoing.
  • Mr. Philip Nolis appointed as a Non-Executive Director.
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.