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Chariot Resources Ltd (ASX:CC9)

ALERT: Price-sensitive ASX Announcement for CC9
Current share price for CC9 : $0.059 -0.131 (-68.95%)+
Announcement
Release
2 Oct 2025 8:32AM
Price at Release
$0.190
Full Release
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Summary
Chariot Corporation Ltd has announced the progression of its Resurgent lithium project, strategically located next to the Thacker Pass lithium mine in the McDermitt Caldera, on the Nevada-Oregon border. The project, in which Chariot holds a 79.4% interest, has identified 32 high-priority drilling targets with lithium surface grades up to 3,865 ppm. The U.S. Department of Energy's financial backing of neighboring projects highlights the strategic value of this region. Chariot has planned an environmentally considerate drilling program across three prioritized areas to explore these targets. FMS Lithium Corporation, a subsidiary of Chariot, manages the project permits and exploration, marking a significant step in Chariot's expansion into lithium projects in the U.S. and Nigeria.
Key Points
  • Chariot Corporation Ltd announced their Resurgent lithium project adjacent to Thacker Pass, the largest lithium deposit in the United States.
  • The Resurgent project is located in the McDermitt Caldera on the Nevada–Oregon border.
  • Chariot holds a 79.4% interest in the Resurgent Project.
  • The project has defined 32 high-priority drilling targets based on surface samples with lithium grades reaching up to 3,865 ppm.
  • The U.S. Department of Energy has provided significant financial support to nearby lithium projects, underscoring the strategic importance of the location.
  • Chariot has planned a minimal-disturbance maiden drilling program focusing on three areas: West Resurgent North, Central Resurgent North, and East Resurgent North.
  • The exploration is managed by FMS Lithium Corporation, a U.S. subsidiary of Chariot.
  • Chariot’s expansion includes other lithium projects in the United States and Nigeria.
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.