Chariot Corporation has discovered high-grade lithium mineralisation at its Black Mountain hard rock lithium project in Wyoming.

The discovery was made through a surface rock chip sampling program conducted in July 2023. 

"These recent rock chip samplings suggest the need for systematic exploration and drilling of the spodumene-bearing pegmatites at Black Mountain immediately upon completion of our IPO and ASX listing. 

“We will then need to systematically explore and drill the hundreds of other outcropping pegmatites at our 6 other projects in Wyoming which hold a unique opportunity to develop domestic hard rock lithium supply in the United States," said Chariot's Managing Director, Shanthar Pathmanathan.

The program identified spodumene, a lithium mineral, visible at surface at multiple locations. Laboratory assay results confirmed high-grades of lithium mineralization at-surface in outcropping lithium bearing pegmatites.

Chariot collected rock chip samples from pegmatite outcrops across multiple locations at Black Mountain. Twelve (12) rock chip samples were collected and laboratory assayed with a best result of 5.24% Li2O and an average assay result of 2.10% Li2O.

The results of the recent rock chip sampling survey confirm the broad distribution of lithium mineralization at-surface and the abundance of outcropping lithium bearing pegmatites at Black Mountain.