Chariot Corporation
ASX: CC9
:
:
:

Nigerian Projects

The C&C Minerals portfolio represents Nigeria’s largest lithium landholding, comprising four pegmatite clusters located in the states of Kwara and Oyo: Fonlo, Gbugbu, Iganna, and Saki.

Each project hosts numerous artisanal workings, with shallow pits and trenches exposing widespread pegmatites. The sale and delivery of hand-picked lithium mineralisation from the artisanal mining activities on the licences demonstrate the potential to produce saleable material.

Notable features of the C&C Portfolio include the following:

  • Nigeria’s Largest Lithium Landholding
  • Artisanal Extraction of Lithium Minerals
  • Outcropping Spodumene-bearing Pegmatites Verified
  • Significant Exploration Upside
  • Options to Fast-Track Development
  • Good Infrastructure & Access
  • Favourable Jurisdiction

Geologically, Nigeria’s lithium-bearing pegmatites are part of the same Late Proterozoic (Pan-African) LCT system as the Borborema Pegmatitic Province (BPP) in Northeast Brazil, and of similar age to the renowned “Lithium Valley” which is part of the Eastern Pegmatite Province in Brazil. Prior to the South Atlantic rift (~110 million years ago), the Nigerian and Brazilian pegmatites were part of a unified landmass. Like Brazil, many of Nigeria’s pegmatite belts were historically, and still are, mined for tin and columbite-tantalite and semi-precious gemstones, further indicating the potential for highly fractionated, lithium-rich LCT pegmatite systems.