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Chariot is currently assessing the viability of establishing a ‘pilot mine’ project at Black Mountain to supply spodumene concentrate to several lithium hydroxide refineries currently under construction in the U.S.

Supply products to USA offtake facilities

Leverage existing infrastructure and local personnel

Pilot mine will de-risk future larger-scale miner development

The Black Mountain Project is situated in Natrona County and lies approximately midway between Casper and Riverton, Wyoming and comprises 352 unpatented lode mining claims (Claims).

The Black Mountain Project is Chariot's core hard rock lithium project and features:

Large spodumene-bearing pegmatites outcropping at surface – i.e. could support shallow open-pit mining

Three (3) diamond drill holes at Black Mountain have each intersected high-grade spodumene mineralisation (originating near surface), confirming the potential of the LCT pegmatite swarms

The first drill hole intersected 15.48m @ 1.12% Li2O from 2.74m, including 4.27m @ 2.46% Li2O from 9.94m

Black Mountain pegmatites are highly fractionated and well mineralised with respect to lithium based on reconnaissance rock chip sampling and drill core assays

Initial rock chip sampling results yielded up to 6.68% lithium oxide (Li2O)

Three (3) diamond drill holes from Black Mountain's maiden drill program each intersected high-grade spodumene mineralisation (originating near surface), confirming the potential for LCT pegmatite swarms.

Notable results from the three (3) holes include:

BMDDH23_01 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_02 14.33m @ 0.84% Li2O and 61ppm Ta2O5 from 1.83m, including 2.29m @ 3.09% Li2O and 138ppm Ta2O5 from 10.67m

BMDDH23_03 18.81m @ 0.85% Li2O and 98ppm Ta2O5 from 45.26m, including 5.79m @ 1.08% Li2O and 105ppm Ta2O5 from 47.55m

It is interpreted that the drilling intersected folded pegmatites sills which are offshoots from a large unexposed pegmatite stock to the Southeast.

Black Mountain Maps

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