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The latest announcement is out from Chariot Corporation Limited ( (AU:CC9) ).
Chariot Resources has confirmed the presence of spodumene in all six previously disclosed verification samples from its Fonlo and Iganna lithium projects in southwest Nigeria, based on independent quantitative mineralogical testwork by the University of British Columbia. The analysis also identified significant pollucite in the highest-caesium Iganna samples, reinforcing the interpretation of these areas as lithium-caesium-tantalum pegmatite systems.
These results strengthen Chariot’s geological understanding of the Fonlo and Iganna projects and provide a clearer technical basis for planned metallurgical testwork. While the findings highlight the presence of key lithium and caesium minerals, the company notes that further systematic metallurgical, geological and drilling work will be required to assess mineralisation continuity, recoveries and potential project scale for stakeholders.
More about Chariot Corporation Limited
Chariot Resources Ltd is an ASX-listed resources company focused on lithium exploration and development, with a portfolio of four lithium projects in southwest Nigeria. The company is in the process of acquiring a 66.667% interest in these projects, which target lithium-caesium-tantalum pegmatite systems with potential for spodumene and associated critical minerals.
Average Trading Volume: 257,271
Technical Sentiment Signal: Sell
Current Market Cap: A$17.92M
Find detailed analytics on CC9 stock on TipRanks’ Stock Analysis page.