Chariot Corporation (Chariot Corp.) is a lithium explorer with a global portfolio of exploration tenements held through various Chariot group (Chariot) companies. Chariot’s core assets are located in the United States and include both hard rock and claystone-hosted lithium. Chariot has the potential to become a leading US provider of lithium from Tier-1 mining jurisdictions (i.e. Wyoming, Nevada, and Oregon) located in proximity to battery manufacturers and gigafactories.
Chariot Corporation (Chariot Corp.) is a lithium explorer with a global portfolio of exploration tenements held through various Chariot group (Chariot) companies.
Chariot’s core assets are located in the United States and include both hard rock and claystone-hosted lithium.
Chariot has the potential to become a leading US provider of lithium from Tier-1 mining jurisdictions (i.e. Wyoming, Nevada, and Oregon) located in proximity to battery manufacturers and gigafactories.
➢ Chariot has the largest privately-owned lithium exploration
portfolio in the United States.
➢ Chariot’s principal asset is the Black Mountain Project located in Wyoming with initial samples showing ore-grade lithium at the top of a mountainous structure .
➢ The Black Mountain Project features spodumene outcrops
found at surface with rock chip assays averaging 2.22% Li2O
and as high as 6.67% Li2O.
➢ Wyoming is the only hard rock lithium region in the US without material land use restrictions.
➢ Chariot’s other key asset is the Resurgent Lithium Project which is the 2nd largest land-position in the McDermitt Caldera, straddling Nevada and Oregon. The McDermitt Caldera is the largest, high-grade lithium claystone endowment in the world .
➢ The Resurgent Lithium Project neighbours' projects held by Lithium Americas (NYSE: LAC) and Jindalee Resources Limited (ASX: JRL) – the two largest lithium resources in the US with a combined MRE of 31Mt LCE.
➢ Chariot holds 15,753 ha of tenements in the Tier-1 jurisdictions of WY, NV and OR.
Lithium Projects Overview
Black Mountain Project (Wyoming):
Chariot owns 79.6% of Black Mountain Project, with the remaining 20.4% interest held by our technical team. Historically the 2sq. km area has been unexplored for lithium, but sampling of the spodumene outcrops indicates an average grade of 2.22% Li2O, with best assay result of 6.67% Li2O. The project covers 89 claims over 744 ha, with over 30 mapped pegmatite dikes. Drill permitting is expected to be completed by the end of 2022 and an additional surface sampling campaign is planned for 1H 2023. Maiden drill program will commence in Q3 2023.
Copper Mountain Project (Wyoming):
The Copper Mountain Project consists of over 150 lode claims covering 1,141 ha of BLM ground. The property was previously mined for Ta, Be, feldspar and mica, with Li minerals reported. Chariot has 239 additional claims covering 2,343 ha of land in the surrounding area. These claims have swarms of interpreted pegmatites. Sampling and mapping across the combined 3,484 ha is expected to be completed in Q2 2023.
Chariot’s strategy is to build a global lithium portfolio with Tier 1 potential that will establish one of the premier land-banks of lithium assets early in the industry’s life cycle. Chariot’s flagship projects are:
Black Mountain Lithium Project (WY, USA) comprises of 89 filed lode claims. The project area features spodumene outcrops which returned surface rock chip assays of up to 6.67% Li2O with an average result of 2.22% Li2O;
Resurgent Lithium Project (NV / OR, USA), is located in the McDermitt Caldera. The McDermitt Caldera is considered to be the largest North American lithium play and hosts a combined mineral resource estimate of over 31mt LCE. The Resurgent Lithium Project comprises 1,412 claims (11,525 ha) and represents the largest land position in the eastern sector of the McDermitt Caldera.
Claystone Project Comparisons
Board & Management
Managing Director and Chief Executive Officer
Mr Pathmanathan was the Chief Executive Officer and Managing Director of Lithium Consolidated Ltd, an ASX-listed company, which had one of the largest portfolios of hard rock lithium exploration assets, globally. Mr Pathmanathan has 14 years of investment banking experience in the metals and mining, oil and gas and chemicals sectors. He was Vice President with Deutsche Bank's investment banking division and previously held investment banking and principle investment roles with Macquarie Group in Australia and New York. Mr Pathmanathan has a Bachelor of Laws degree from the University of Western Australia.
Mr Forni is a senior finance professional with over 25 years of investment banking experience. Mr Forni was the former Managing Director of Macquarie Holdings (USA) and held non-executive director roles with numerous Macquarie Group entities and GLI Finance Ltd. Mr Forni holds a B.A. in Economics from Connecticut College, a J.D., awarded cum laude, from Georgetown University Law Center and an LL.M. in taxation from New York University Law School.
Mr Stuart was a founding director of Orocobre Limited, now Allkem (ASX: AKE) post-merger with Galaxy Resources in 2021. Mr Stuart is an exploration geologist with over 40 years' of experience and is a member of The Australian Institute of Geoscientists and a Fellow of The Australasian Institute of Mining and Metallurgy. He has considerable experience across several commodities and was heavily involved in project delineation and acquisition in Australia, Mexico and Argentina. Over the last 20 years, he was involved with the exploration and commercial development of lithium projects. Mr Stuart is on the board of numerous ASX listed companies and is a graduate of the University of Melbourne (BSc.) and James Cook University (MSc.).
Mr Bleach is an accomplished corporate leader with over 40 years of experience in investment banking, funds management and infrastructure. He previously held Executive Director and CEO roles at Macquarie Group Limited’s North American business from 1999 to 2009 and was the CEO of Intoll Group Limited prior to its sale for A$3.5 billion in 2010. Mr Bleach served for 9 years as Non-Executive Director and Chair at IFM Investors Pty Ltd which oversaw A$113 billion of funds under management, and currently serves at AustralianSuper Pty Ltd as the ‘Infrastructure and Private Equity Expert’ for its Direct Investment Group and Transaction Review Committee. He also holds numerous Chair and Non-Executive Director roles at various funds, investment start-ups and not-for-profit ventures. Mr Bleach is a member of both The Australia Institute of Company Directors and The Institute of Charted Accountants. Mr Bleach holds a Bachelor of Arts (Financial Studies) and a Master’s in Applied Finance from Macquarie University.