Investor Presentation
Released
Released
Announcement PDF
Investor
Presentation
ASX: CC9
March 2024
Investor Presentation | March 2024 | chariotcorporation.com
1
Important
Notice
Any material used in this presentation
is only an overview and summary of
certain data selected by the
management of Chariot Corporation Ltd
(CHARIOT).
The presentation does not purport to contain all the information
that a prospective investor may require in evaluating a possible
investment in CHARIOT and should not be used in isolation as a
basis to invest in CHARIOT. Recipients of this presentation must
make their own independent investigations, consideration and
evaluation of CHARIOT.
The information contained in this presentation is not investment or
financial product advice and is not intended to be used as the basis
for making an investment decision. Please note that, in providing
this presentation, CHARIOT has not considered the objectives,
financial position or needs of any particular recipient. The
information contained in this presentation is not a substitute for
detailed investigation or analysis of any particular issue and does
not purport to be all of the information that a person would need to
make an assessment of CHARIOT or its assets. CHARIOT
recommends that potential investors consult their professional
advisor/s as an investment in CHARIOT is considered to be
speculative in nature.
Statements in this presentation are current only as of the date of
this presentation and the information in this presentation remains
subject to change without notice. Reliance should not be placed on
information or opinions contained in this presentation.
Investor Presentation | March 2024 | chariotcorporation.com
To the maximum extent permitted by law, CHARIOT disclaims any responsibility to
inform any recipient of this presentation on any matter that subsequently comes
to its notice which may affect any of the information contained in this document
and presentation and undertakes no obligation to provide any additional or
updated information whether as a result of new information, future events or
results or otherwise.
No representation or warranty, express or implied, is made as to the fairness,
accuracy, completeness or correctness of the information, opinions or conclusions
contained in or derived from this presentation or any omission from this
presentation or of any other written or oral information or opinions provided now
or in the future to any person.
To the maximum extent permitted by law, neither CHARIOT nor any affiliates,
related bodies corporate and their respective officers, directors, employees,
advisors and agents, nor any other person, accepts any liability as to or in relation
to the accuracy or completeness of the information, statements, opinions or
matters (express or implied) arising out of, contained in, or derived from this
presentation or any omission from this presentation or of any other written or oral
information or opinions provided now or in the future to any person.
The information contained in this presentation is for information purposes only
and does not comprise a prospectus, product disclosure statement or other
offering document under Australian law. This presentation also does not
constitute or form part of any invitation, offer for sale or subscription or any
solicitation for any offer to buy or subscribe for any securities nor shall they or any
part of them form the basis of or be relied upon in connection therewith or act as
any inducement to enter into any contract or commitment with respect to
securities of CHARIOT.
The information in this presentation relating to exploration results and exploration
targets has been previously reported in accordance with the 2012 Edition of the
‘Australasian Code for Reporting of Exploration results, Mineral Resources and Ore
Reserves’ (JORC Code). CHARIOT confirms that it is not aware of any new
information as at the date of this presentation that materially affects the
information included in this presentation and that all material assumptions and
technical parameters underpinning the estimates continue to apply and have not
materially changed.
This presentation includes “forward looking statements” within the meaning of
securities laws of applicable jurisdictions. Forward looking statements can
generally be identified by the use of the words “anticipate”, “believe”, “expect”,
“project”, “forecast”, “estimate”, “likely”, “intend”, “should”, “could”, “may”, “target”,
“plan” “guidance” and other similar expressions. Indications of, and guidance on,
future earnings or dividends and financial position and performance are also
forward-looking statements. Such forward-looking statements are not guarantees
of future performance and involve known and unknown risks, uncertainties and
other factors, many of which are beyond the control of CHARIOT and its officers,
employees, agents or associates, that may cause actual results to differ materially
from those expressed or implied in such statement. Actual results, performance or
achievements may vary materially from any projections and forward looking
statements and the assumptions on which those statements are based. Readers
are cautioned not to place undue reliance on forward looking statements and
CHARIOT assumes no obligation to update such information. Cautionary Statement
on Visual Estimates: Visual estimates of mineral abundance should never be
considered a proxy for laboratory analysis where concentrations or grades are the
factor of principal economic interest. Visual estimates also potentially provide no
information regarding impurities or deleterious physical properties relevant to
valuations.
By receiving this presentation, you acknowledge and represent to the Company
that you have read, understood and accepted the terms of this disclaimer. It is the
responsibility of all recipients of this presentation to obtain all necessary approvals
to receive this presentation and receipt of this presentation will be taken by the
Company to constitute a representation and warranty that all relevant approvals
have been obtained.
2
Leadership and Exploration Team
Board of Directors
Murray Bleach
Non-Executive Chairman
• Former CEO of Macquarie Group
Limited’s North American business
with 40 years of experience in
investment banking, funds
management and infrastructure.
• Previously CEO of Intoll Group
Limited before its sale for A$3.5bn.
• Non-Executive Director and Chair at
IFM Investors Pty Ltd for 9 years
which oversaw A$113bn of funds
under management.
• Currently holds Chair and Non-
Exploration Team
Shanthar Pathmanathan
Managing Director
Geological Consultant
• Prior CEO and MD of Lithium
• Ph.D. Geologist and a fellow of
Consolidated Ltd, which had one of
the largest portfolios of hard rock
lithium exploration assets, globally.
• 14 years investment banking
experience in the metals and mining,
oil and gas and chemicals sectors.
• Previous VP with Deutsche Bank’s
investment banking division and held
investment banking and principle
investment roles with Macquarie
Group.
Executive Director roles at various
funds, investment start-ups and notfor-profit ventures.
Fred Forni
Executive Director
• Senior finance professional with over
25 years of investment banking
experience.
• Prior Senior Managing Director of
Macquarie Holdings (USA) Inc.
• Holds a B.A. in Economics from
Connecticut College, a J.D., from
Georgetown University Law Center.
Investor Presentation | March 2024 | chariotcorporation.com
Edward Max Baker
AusIMM.
• Over 50 years of experience,
working across multiple continents
and commodities, including tintantalum pegmatites.
• Prior Chief Geologist at Newcrest
during the discovery and
development phases of the Cadia
and Gossowong deposits.
• Previously VP Exploration for
Integra Resources Corp.
Neil Stuart
Troy Blackledge
• Prior founding Director and Chairman
• Exploration Geologist with over 17
Non-Executive Director
of Orocobre Limited, now Allkem postmerger with Galaxy Resources Limited
(ASX: AKE).
• 50 years exploration experience, 20 of
which were involved with the
exploration and commercial
development of lithium projects.
Project Manager
years of experience working in
Nevada and Oregon.
• Previously held mine
superintendent, mine geologist and
other mine production roles with
Barrack Gold Corporation and
Newmont Corporation.
3
Corporate Overview
CC9
$7.6m
$0.28
52.3%
ASX ticker
Cash on hand1
Share price2
Top 20 shareholders2
150.3m
7.8m
9.5m
Shares on issue
Options on issue
Performance rights3
$1.20
Shareholder Overview
2%
15%
$3.5
$3.0
$1.00
53%
31%
$0.80
$2.0
$0.60
$1.5
$0.40
Value Traded (A$m)
Share Price (A$/share)
$2.5
$1.0
$0.20
$0.5
$0.00
$0.0
Volume
Institutional Investors
High Net Worth
Board & Management
Other
Close
Notes:
1) Cash at bank as of 31/12/2023
2) As of 28/2/2024
3) 9.5m performance rights to directors Murray Bleach, Fred Forni and Neil Stuart, Mining Corporate Pty Ltd, Ramesh Chakrapani and Trinity Cooper.
Investor Presentation | March 2024 | chariotcorporation.com
4
U.S. Lithium Exploration
Investment Highlights
1
U.S. Focused Lithium Explorer
3
341
Surface Mineralisation with Strong
Initial Assays
395
• Both Black Mountain and Resurgent exhibit lithium mineralisation at
surface
425
Hard Rock Lithium Projects
517
• Seven (7) hard rock lithium projects in Wyoming with 795 claims
covering 6,270 ha
• First three (3) diamond drill holes at Black Mountain have all
intersected near surface, high-grade spodumene mineralisation
confirming the potential of the LCT pegmatite swarms
• 15.48m @ 1.12% Li2O from 2.74m, including 4.27m @ 2.46% Li2O
from 9.94m
5
331
• Divested four (4) claystone lithium projects in the U.S. and a hard
rock lithium exploration portfolio in Western Australia
• Black Mountain is one of the two Core Project with maiden drill
results intersecting shallow high-grade spodumene
4
293
• Large landholder for lithium exploration in the United States2
• Large-scale potential with two (2) projects (the “Core Projects”), the
Black Mountain Project (hard rock Li) and the Resurgent Project
(Claystone Li), in the U.S. and a deep pipeline of other exploration
projects
2
U.S. Lithium Companies - Land Position1
Claystone Lithium Project
• Resurgent is the other Core Project and is the 2nd largest land
position in the McDermitt Caldera
• The McDermitt Caldera hosts the two largest Li resources
discovered to-date (Thacker Pass 19.1mt lithium carbonate
equivalent (“LCE”) and McDermitt 21.5mt LCE) 3
• Highest grade surface sample at Resurgent of 3,865 ppm Li and 20
surface samples at Resurgent with values greater than 1,000 ppm Li
• General Motors recently committed to invest US$650m to develop
the Thacker Pass Project
OR
HARDROCK
CLAYSTONE
WY
NV
719
819
1,024
2,387
2,640
2,724
Notes:
1) Land position calculated using total number of claims. Refer to End Notes
in the Appendix for sources.
2) Total land holdings of 30,791 ha comprising of: Wyoming Lithium Projects
(6,270 ha), Resurgent Project (12,128 ha), Projects to be Divested (4,598 ha) and
certain Divested Assets via an Option Agreement (7,795 ha).
3) Refer to Lithium Americas Thacker Pass Feasibility Study NI43 -101 dated
2 November 2022 and Jindalee Lithium Limited company announcement
dated 27 February 2023.
Value Creation Outlook
• Exploration and drilling success
• Black Mountain Phase 1 drilling scheduled to continue until 1
March 2024 and restart upon approval of the Exploration Plan of
Operations
3,634
• U.S. Government support for U.S. Lithium sector accelerating
Investor Presentation | March 2024 | chariotcorporation.com
5
U.S. Lithium
Focused Portfolio
2
6
2
+
Asset Name: Black
Mountain
Hard Rock Lithium
93.9% Ownership
Core Projects:
Black Mountain & Resurgent
Exploration
Pipeline Projects
Divestment projects:
Asset Name: Resurgent
Claystone Lithium
79.4% Ownership
Asset Name: Lida,
Amargosa
Claystone Lithium
60% Ownership
Asset Names: Copper Mountain, South
Pass, Tin Cup, Pathfinder, JC, Barlow Gap.
Hard Rock Lithium
93.9% Ownership
Asset Name: 2
Exploration Licenses
Hard Rock Lithium
100% Ownership
Lida and Amargosa
Retained interest
in divested asset proceeds1,2
LEGEND
Core Asset No 1: Black Mountain
Core Asset No 2: Resurgent
Notes:
1) Chariot holds a 21.4% interest in the proceeds from the sale of Halo, Horizon,
Lithic and Mustang projects.
2) Chariot holds a 100% interest in the proceeds from the sale of the WA hard
rock lithium portfolio.
Investor Presentation | March 2024 | chariotcorporation.com
Exploration Pipeline Assets
Proposed Divestment Projects
Divested Assets
6
Diversified, Dual-Pronged Strategy
15.48m @ 1.12% Li2O from 2.74m,
including 4.27m @ 2.46% Li2O from 9.94m
Hard Rock Lithium
(Spodumene Mineralisation
Confirmed at Surface1)
Maiden drill holes all
intersected high-grade
spodumene close to
surface1
14.33m @ 0.84% Li2O from 1.83m,
including 2.29m @ 3.09% Li2O from 10.67m
2 km
B l a ck M o u n tain
18.81m @ 0.85% Li2O from 43.92m, including
5.79m @ 1.08% Li2O from 47.55m
Claystone Lithium
(Lithium Mineralisation
Confirmed at Surface2)
COUNTY
Significant
U.S. Lithium
Land Holding
Re s u rg ent | No r th
COUNTY
Natrona County,
Wyoming
3,865 ppm Li
Malheur County,
Oregon
The McDermitt Caldera is the
largest known lithium claystone
endowment in North America –
Chariot in the Caldera owns the
2nd largest land position.
14 km
Re s u rg ent | E a s t
COUNTY
Investor Presentation | March 2024 | chariotcorporation.com
Humboldt County,
Nevada
Notes:
1) Refer to ASX announcement dated 2/2/2024.
2) Refer to Prospectus
7
Wyoming
Hard Rock
Investor Presentation | March 2024 | chariotcorporation.com
8
8
Why Wyoming?
Exposure to Secular
Demand Growth &
Nearby Offtake
Partners:
Near gigafactories and manufacturers with
substantial lithium supply requirements. By 2030
battery manufacturing capacity in the U.S. is
projected to be at least 10x greater than in 2022.
No Material Land
Use Restrictions:
Tier 1 Mining District:
Long history of coal and uranium mining with a
ranking of 2nd in the 2020 Fraser Institute’s Policy
Perception Index. Resources are the largest
contributor to state economy (21% of 2019 GSP)1.
Highly Prospective
Geology:
Late Archean granites and associated pegmatites
including economically significant LCT pegmatites.
Limited encroachment challenges from national
parks, culturally significant national monuments
or intensive urban areas. Although Wyoming is the
tenth largest state by land mass, it is the state with
the smallest population (<600,000)2
Supportive Policy &
Strong Legal
Framework:
Extensive Road and
Rail Infrastructure:
In 2018, 486 million tons of freight had its
origination, destination or both in Wyoming1.
Map to be updated with
new BMclaims
Minimal Capital
Outlays:
Clear laws and reliable enforcement has
facilitated Wyoming to become the leading
producer of coal and uranium in the U.S.A.
No minimum annual expenditure requirements.
Notes:
1) Sourced from Statewide Freight Assessment: Wyoming 2022
2) Sourced from the United States Census Bureau
Investor Presentation | March 2024 | chariotcorporation.com
9
Wyoming Hard Rock
Lithium Projects
The Next U.S. Hard Rock Lithium Province
• Seven (7) LCT pegmatite projects in Wyoming comprising 795
unpatented lode claims covering 6,270 ha
• The Black Mountain Project is 27 sq. km area with outcropping
LCT-type pegmatites with preliminary rock chip samples
returning assays up to 6.38% Li2O1
• The Black Mountain maiden drill program delivered strong
initial hard rock lithium results with multiple mineralised
lithium intersections from first three (3) holes
• Copper Mountain is an extensive LCT pegmatite field, with mica,
feldspar and tin/tantalite workings along with reported
amblygonite/petalite
• The remaining exploration pipeline projects cover 360 claims
covering 2,936 ha with evidence of pegmatite outcrops
occurring in swarms
Notes:
1) Refer to the Prospectus for the full set of assay results
Investor Presentation | March 2024 | chariotcorporation.com
10
Core Project:
Black Mountain
Background
• The Black Mountain Project is located in Natrona County in Central
Wyoming
• Black Mountain claims exhibit extensive pegmatite outcrops with
spodumene and tantalum mineralisation – surface rock chip
samples returned assays of up to 6.38% Li2O
• Drilling commenced on 10 November 2023 with a total of eight (8)
diamond drill holes completed to date
Maiden Drill Results1
• First three (3) diamond drill holes all intersected near surface,
high-grade spodumene mineralisation confirming the potential for
LCT pegmatite swarms
• 15.48m @ 1.12% Li2O and 79ppm Ta2O5 from 2.74m, including:
- 4.27m @ 2.46% Li2O and 128 ppm Ta2O5 from 9.94m (BMDDH23_01)
• 14.33m @ 0.84% Li2O and 61ppm Ta2O5 from 1.83m, including:
- 2.29m @ 3.09% Li2O and 138ppm Ta2O5 from 10.67m (BMDDH23_02)
• 18.81m @ 0.85% Li2O and 98ppm Ta2O5 from 45.26m, including:
- 5.79m @ 1.08% Li2O and 105ppm Ta2O5 from 47.55m (BMDDH23_03)
Investor Presentation | March 2024 | chariotcorporation.com
Notes:
1) Refer to ASX announcement dated 1/2/2024.
2) Intervals reported are downhole widths which are greater than apparent widths.
11
Core Project:
Black Mountain
Base Metal Mineralisation Identified
• The first drill hole intersected pyrite-pyrrhotite mineralisation which
may be the peripheral portion of a significant body of potential base
metal mineralisation
• BMDDH23_01 intersected 0.73m @ 0.4% Cu, 15.4% Pb, 1.0% Zn
from 121m
• 800m long by 150m wide zone of anomalous zinc-in-soils
• Chariot plans to extend the soil sampling program and run
preliminary induced polarisation/ resistivity survey lines across the
anomaly in Q3 2024
From (m)
To (m)
Interval (m)
Cu (ppm)
Pb (ppm)
S (ppm)
Zn (ppm)
BMDDH23_01
23.4
23.8
0.3
6,012
0
150,328
1,294
BMDDH23_01
23.8
25
1.2
660
0
120,231
1,991
BMDDH23_01
32.5
32.9
0.3
1,258
0
129,887
3,958
BMDDH23_01
36.8
37.6
0.9
610
79
80,607
3,540
BMDDH23_01
39.2
39.7
0.5
479
46
71,688
3,829
BMDDH23_01
41.1
41.8
0.7
360
18
36,406
1,292
BMDDH23_01
42.7
43.1
0.4
777
34
110,999
3,778
BMDDH23_01
43.1
43.4
0.3
769
33
88,317
3,326
BMDDH23_01
44.9
45.5
0.6
671
30
86,750
3,640
BMDDH23_01
45.5
45.9
0.4
1,214
48
114,744
5,103
BMDDH23_01
47.2
47.5
0.3
1,222
76
119,702
3,017
BMDDH23_01
64
64.9
0.9
1,228
345
95,799
177
BMDDH23_01
121
121.7
0.7
3,891
154,412
28,970
9,931
Hole ID
Investor Presentation | March 2024 | chariotcorporation.com
12
Core Project:
Black Mountain
Exploration Plan
• The Phase 1 Drill Program at Black Mountain has been completed and
the data from the first nine (9) holes will now be processed and
reviewed to determine the 3D shape and near-surface grades, down to
100m, within the three (3) major pegmatite dike zones
• Phase 2 Resource Drill Program of 5,000 – 10,000m expected to
commence upon approval of the Exploration Plan of Operations
Investor Presentation | March 2024 | chariotcorporation.com
13
Exploration Pipeline
Project: Copper Mountain
Exploration Plan
• Geochemistry survey of prospective pegmatite outcrops
completed with assay results pending
Pegmatites
• Ground magnetics survey planned for U.S. summer
Background
• Mica, feldspar, tin/tantalite and beryl workings
• Lithium minerals have been reported in historical workings
• Extensive field of outcropping pegmatites identified in the project
area
Investor Presentation | March 2024 | chariotcorporation.com
14
Resurgent Claystone
Investor Presentation | March 2024 | chariotcorporation.com
15
Core Project:
1
Resurgent Project
Overview
• The Resurgent Project is a claystone-hosted lithium project located in the
McDermitt Caldera in Oregon and Nevada, U.S.A.
JINDALEE
McDermitt Project
MRE: 21.5mt LCE
• The lithium deposits in the Caldera occur in ancient lake sediments that
surround the centre of the caldera
• The Resurgent Project comprises 1,450 claims
• McDermitt Caldera hosts the two largest lithium mineral resources
discovered to-date
• Chevron Corp. drilled in the 1970s for uranium
Selected Surface
Assay Results2
Sample ID
ppm Li
Sample ID
ppm Li
679862
3,865
340673
2,089
679860
3,836
340652
1,883
340655
3,471
340667
1,679
679859
3,164
679858
1,650
679861
2,838
340752
1,645
679856
2,672
340663
1,538
461038
2,638
679885
1,526
340653
2,442
340654
1,418
340664
2,381
679937
1,122
Notes:
1) Chariot holds an 79.4% beneficial interest in FMSL, the 100% owner of the Resurgent Project.
2) FMSL collected 289 surface samples collected at the Resurgent Project, with 20 samples assaying >1,000 ppm Li and a best assay result of 3,865 ppm Li. Typical
mineral resource estimate cut-off grade for claystone lithium is 1,000 ppm Li. Refer to Independent Technical Assessment Report (Resurgent Project) in the
Prospectus for the full list of assay results.
3) Based on Lithium Americas Corp. market capitalisation. Source: S&P Capital IQ accessed 30 January 2023.
4) Based on Jindalee Lithium Limited market capitalisation. Source: S&P Capital IQ accessed 30 January 2023.
5) Lithium Americas Corporation’s (NYSE: LAC) (LAC) Thacker Pass Deposit contains a total NI43-101 Measured (7.0Mt), Indicated (9.1Mt), and Inferred (3.0Mt) Mineral
Resource of 19.1Mt LCE at a 1,047 ppm Li cut-off grade (“COG”). Refer to Lithium Americas Thacker Pass Feasibility Study NI43-101 dated 2 November 2022.
6) Jindalee’s McDermitt Project which contains a total JORC (2012) Indicated (11.1Mt) and Inferred (10.4Mt) Mineral Resource of 21.5Mt of Lithium Carbonate
Equivalent (LCE) at a 1,000 ppm Li COG. Refer to Jindalee Resources Limited company announcement 27 February 2023.
Investor Presentation | March 2024 | chariotcorporation.com
GM committed to invest
US$650m
LITHIUM AMERICAS
Thacker Pass Mine
MRE: 19.0mt LCE
to develop
Thacker Pass
Claims (#)
Area (Ha)
Mineral Resource (mt LCE) Head Grade (ppm Li) Indicative Asset Value (US$m)
Chariot1
1,450
12,128
N/A
N/A
N/A
Lithium Americas
~3,064
24,629
19.0 (MII)5
2,0365
$7603
Jindalee
671
5,460
21.5 (II)6
1,3406
$414
Disclaimer: The Company notes that details of neighbouring projects are included for information purposes only and is not an indication of the
prospectivity of the geology of the Company's projects.
16
Claystone: The Future of
1
Large-Scale Lithium Supply
!
Lithium Projects in North America
by Measured, Indicated & Inferred Mineral Resource (Mt LCE)
Chariot holds the second-largest
land position in the McDermitt
Caldera, which hosts the largest
lithium mineral resource in the U.S.
McDermitt Caldera Land Holders (km2)
>40mt LCE2,3
McDermitt Caldera
Location of Chariot’s
Resurgent Project
21.5
19.1
121
15.8
50
246
10.7
Hard Rock Li
8.8
18
Claystone Li
7.2
17
Brine Li
5.7
Brine Li Production
4.3
1.7
Investor Presentation | March 2024 | chariotcorporation.com
1.4
1.4
1.2
1.1
0.8
0.7
0.6
0.4
0.4
0.3
0.3
0.2
Notes:
1) Refer to End Notes in the Appendix for sources that contain the Inferred,
Indicated and Measured MRE for each project. Bar chart is illustrative.
2) Lithium Americas Corporation’s (NYSE: LAC) (LAC) Thacker Pass deposit
contains a total NI43-101 Measured (7.0Mt), Indicated (9.1Mt), and Inferred
(3.0Mt) Mineral Resource of 19.1Mt LCE at a 1,047 ppm Li COG. Refer to
Lithium Americas Thacker Pass Feasibility Study NI43-101 dated 2 November
2022.
3) Jindalee’s McDermitt Project contains a total JORC (2012) Indicated (11.1Mt)
and Inferred (10.4Mt) Mineral Resource of 21.5Mt of Lithium Carbonate
Equivalent (LCE) at a 1,000 ppm Li COG. Refer to Jindalee Lithium Limited
company announcement 27 February 2023.
17
Core Project:
Resurgent North
Overview
• Targeting the same sedimentary units that host Jindalee’s McDermitt project (ASX:
JRL) with a JORC MRE of 21.5 mt LCE1
• Resurgent North abuts Jindalee’s McDermitt project and follows same
stratigraphic sequence – based on rock-chip results
• A surface sampling campaign of 289 samples was conducted in 2021 at Resurgent
North. 70 samples returned values of greater than 100 ppm Li, 20 samples
returned values greater than 1,000ppm Li and 10 samples returned values
greater than 2,000 ppm Li2
• Highest surface sample assayed at 3,865 ppm Li (over 3x typical lithium
claystone MRE cut-off grade)3
Exploration Plan
• Additional soils sampling programme across the Project
• Drill target planning
• NOI approved, Oregon Department of Geology and Mineral Industries approval
expected in Q2 2024
Jindalee
A
A’
Aurora Energy Metals
A
Jindalee McDermitt Project
Resurgent Project
JINDALEE
McDermitt
Project
MRE: 21.5mt
LCE1
Caldera moat sediments
Lithium Mineral Resource
Interpreted exploration target
Chariot
A’
Notes:
1) Jindalee Lithium Limited company announcement 27 February 2023.
2) Refer to Independent Technical Assessment Report (Resurgent Project) in the Prospectus for the full list of assays results.
3) Jindalee Lithium Limited McDermitt Project applies a Mineral Resource COG of >1,000 ppm Li. Refer to Jindalee Lithium Limited company announcement 27 February 2023.
Investor Presentation | March 2024 | chariotcorporation.com
18
Core Project: Resurgent East
Overview
• Targeting the same sedimentary units that host the Thacker Pass lithium deposit
(MRE: 19.1mt LCE)
• The Thacker Pass depositional model provides an analogue for the lithium
mineralisation at Resurgent East
• Thacker Pass stratigraphy features a low-grade zone (~25-30m thick < 4,000 ppm Li)
overlaying a high-grade zone (~25-30m thick > 4,000 ppm Li)1
Exploration Plan
• A soil and rock chip program focused on aerial mapped sub crop with the aim of
testing through the gravel cover
• Drill target planning
A’’
A’’’
Note:
1) Refer to the
Independent Technical
Assessment Report
(Resurgent Project) in
the Prospectus for
further details
Investor Presentation | March 2024 | chariotcorporation.com
19
Appendix
Investor Presentation | March 2024 | chariotcorporation.com
20
U.S. EV Eco-System Build Out
U.S. Li-ion Battery Manufacturing
Capacity to 10x by 2030
U.S. Planned Battery Plant Capacity 20301
U.S. EV Unit Sales2
3.0
• By 2030, the U.S. is forecasted to increase its
lithium-ion battery manufacturing capacity from
110 GWhs in 2022 to over 1,000 GWh1, a nearly
tenfold expansion.
Unit Sales (millions)
2.5
Large Capital Inflows to the EV
Charging Network and Battery
Supply Chains
1.5
1.0
0.5
• The Whitehouse announced US$606m in grants to
continue building out the EV charging network.
• Private companies have announced investments of
more than US$155 billion in the EV and battery
supply chain in the last 4 years.
2.0
0.0
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028
> 1,000 GWh
46 to 136 GWh
4 to 46 GWh
BEV
< 4 GWh
PHEV
Charging Stations2
NA
350
• U.S. EV unit sales are forecasted to grow at an 18%
CAGR until 2028.
• Inflation Reduction Act provides strong subsidies
and tax credits for EVs that satisfy certain ‘Made in
America’ conditions.
U.S. Charging Stations (‘000)
Strong U.S. EV Sales and Push for
‘American Made’
300
250
200
150
100
50
0
2016
Notes:
1) Sourced from U.S. Department of Energy (as of November 2022)
2) Sourced from Statista - https://www.statista.com/ (accessed 24 January 2024)
Investor Presentation | March 2024 | chariotcorporation.com
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
2027
2028
Charging Stations
21
21
1
Black Mountain Project: Deal Terms
Black Mountain
(2 claims)
Black Mountain
(27 claims)
10-year lease with
option to purchase
at any time
12-month option for US$450k with
option to purchase for US$4m
(Option Exercised)
Asset – claim group
Vesper
BMLC
Milestone
Cash
(US$)
Cash
(US$)
Shares
(US$)
Cash or Shares
(US$)4
Cash
(US$)
Shares
(US$)
Cash or Shares
(US$)4
Option term1,3
50,000
450,000
-
-
500,000
-
-
Upon Exercising Option3
150,000
500,000
1,250,000
-
650,000
1,250,000
-
-
-
-
500,000
-
-
500,000
1st Anniversary
50,000
-
-
750,000
50,000
-
750,000
2nd Anniversary
50,000
-
-
1,000,000
50,000
-
1,000,000
3rd Anniversary & each
thereafter
50,000
-
-
-
50,000
-
-
Outright Purchase Price
4,000,000
-
-
-
4,000,000
-
-
Total Consideration2
4,350,000
950,000
1,250,000
2,250,000
5,300,000
1,250,000
2,250,000
Yearly expenditure
commitment3
400,000
-
-
400,000
-
NSR
2%
-
-
-
-
NSR available for purchase
100%
-
-
-
-
NSR purchase consideration
2,000,000
-
-
-
-
Deal Type
6-month Anniversary
Total
Notes:
1) Consideration already paid is highlighted in light yellow.
2) Total consideration assumes outright purchase is executed after the 3rd anniversary and assumes no option term extension is executed.
3) Yearly expenditure commitment is only required during the term of the lease for a total of US$400k over 10 years. This has been satisfied through the Phase 1 drill program.
4) Cash or shares at the election of Black Mtn. Lithium Corp.
Investor Presentation | March 2024 | chariotcorporation.com
22
22
Corporate Structure
Chariot Corporation Ltd
(Australian and Australian Stock Exchange Listed)
Exploration Pipeline Projects
Proposed Divestment Projects
93.9%1
Copper Mountain
Pathfinder
100%
Tin Cup
100%
95%
Marvel Lithium
LLC
Stallion Lithium
Pty Ltd
Chariot Metals
Zimbabwe
MARDABILLA
NYAMUKONO
79.4%2
South Pass
Panther Lithium
Corporation
60%3
FMS Lithium
Corporation
(Delaware, USA
Registered)
(Nevada, USA Registered)
100%
100%
AMARGOSA
LIDA
Divested Assets
21.4%4
Barlow Gap
100%5
Mustang Lithium LLC
JC
Black Mountain
Resurgent
Notes:
1) Chariot holds a 93.9% interest in Wyoming Lithium Pty Ltd, which holds a 100% interest in Panther Lithium Corporation.
2) Chariot holds a 45.3% direct interest in FMS Lithium Corporation (“F
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