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Chariot Resources Ltd (ASX:CC9)
ALERT: Price-sensitive ASX Announcement for CC9
Current share price for CC9 : $0.055 -0.19 (-77.55%)+
Announcement
Release
14 Oct 2025 9:34AM
Price at Release
$0.245
Full Release
Summary
Chariot Corporation Ltd announced significant findings of lithium-bearing pegmatites at its Fonlo and Iganna projects in Nigeria. The site visits verified extensive lithium-caesium-tantalum (LCT) pegmatites and confirmed the geological potential of the projects. Artisanal workings at Fonlo extend for up to 6 km, with spodumene crystals observed up to 0.5 m in length. At Iganna, shallow-dipping pegmatite sills and active artisanal workings indicate substantial lithium deposits. Chariot plans to initiate small-scale mining operations and conduct systematic exploration, including high-resolution magnetics, soil sampling, and an initial drilling campaign. This strategic development aims to quickly delineate resources and expand operations in the region.
Key Points
- Site visits confirmed extensive lithium-bearing pegmatites at Fonlo and Iganna projects.
- Artisanal workings at Fonlo extend along strike for up to 6 km with large spodumene crystals.
- Iganna project includes shallow-dipping pegmatite sills with substantial lithium deposits.
- Planned small-scale mining operations and systematic exploration to begin in 2026.
- Exploration activities to include high-resolution magnetics, soil sampling, and diamond drilling.
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.
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