Chariot Corporation Teases Hard Rock Lithium Future In Wyoming

Chariot Corporation Limited (ASX: CC9) has recently completed its Initial Public Offering (IPO) and raised $9.0 million at $0.45 per share.

The raising will finance exploration at the Black Mountain hard rock lithium project and other projects.

There were positive results from a surface geochemistry survey at Black Mountain, with assay results of up to 6.68% Li2O. The average assay was 2.16% Li2O from 22 samples.

The ASX issued a ‘speeding ticket’ to Chariot Corporation Limited before year-end, as the share price soared from $0.42 to $0.89.

The company’s board mentioned that drilling has commenced at Black Mountain in Wyoming.

The Black Mountain project has potential, as there are over 40 known outcropping pegmatite bodies in the area, exhibiting spodumene-rich rock within a 1km long by 50m to 150m wide zone.

The diversity and concentration of these pegmatite bodies make the project an interesting one. Given the positive assay results and the upcoming drilling activities.

A director Neil Stuart acquired 180,000 shares in a recent on-market trade, always a good sign. The first results are due depending on the weather in Wyoming.

Keep an eye on Chariot Corporation as it progresses with exploration at Black Mountain. With a market cap of $81 million, it already has its supporters.

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