Chariot Resources offers exposure to one of Nigeria’s largest high-grade lithium portfolios, with near-surface mineralisation, active Chinese offtake discussions, and 1:2 free-attaching listed options for added upside.
Chariot Resources Limited (ASX:CC9)
CC92
Lead Manager
Contact - Jake Grbavac
0474 484 982
jake@liquidity.com.au
Offer Price
A$0.100
per share
Offer Size
A$1,000,000
Offer Details
Issue Price (Per Share)
A$0.100
Discount
9.09%
Offer Size
A$1,000,000
Shares Available
10,000,000
Private Placement Offer to raise $1.00million with the ability to take oversubscriptions via the issue of fully paid ordinary shares, with the ability to take up oversubscriptions at an issue price of $0.10 per share.
Options
The offer comes with a 1:2 free attaching listed options under the existing option class, CC9O (Exercise price, $0.10, 19th December 2028).
Discount
Effective entry of ~$0.0825 representing a ~36% discount to the 15 day VWAP of ~$0.125
Documents & Downloads
Company Overview
Chariot Resources Ltd is a lithium exploration and development company focused on hard-rock pegmatites in Nigeria, where it is acquiring a 66.7% interest in a large portfolio across Fonlo, Gbugbu, Iganna, and Saki. Six of ten licences have already been approved for transfer, reducing acquisition risk. The projects show high-grade lithium at surface, with rock chip assays up to 5.96% Liâ‚‚O, but remain undrilled.
Chariot is pursuing near-term cash flow via small-scale mining with its JV partner Continental Lithium, while planning systematic exploration and eventual large-scale mining. The company has strategic MOUs with Chinese offtake partners and a conditional A$1.425 million equity investment from Jiangsu Greatpower NextEnergy.
In the U.S., Chariot holds lithium projects in Wyoming and Nevada, with 32 drilling targets recently identified at Resurgent. Key 2026 catalysts include completing the Nigerian acquisition, launching a 10,000m+ drilling program, securing additional financing and offtake deals, commencing small-scale mining, and exploring divestment options for its U.S. claystone assets.
Use of Funds
Use of Funds
1.
Acquisition Consideration & Costs
2.
Exploration
3.
Landholding & Maintenance Costs
4.
Corporate & Admin
5.
General Working Capital Purposes
Disclaimer
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