The Market Online - At The Bell

Join our daily newsletter At The Bell to receive exclusive market insights

Chariot Corporation (ASX:CC9) has unveiled its vision for its Wyoming-based Black Mountain Project – aiming to fast-track its path to production by establishing a “pilot mine.”

While daily market-watchers may be more familiar with pilot plants, the pilot mine plan incorporates that asset.

A pilot mine is something that only a Wyoming lawmaker could love – indeed, that US state offers a unique permitting system which allows Chariot to undertake such an endeavour.

Wyoming is, after all, the Cowboy State.

The company perceives it has enough near-surface mineralisation to substantiate an open-pit mine, with enough lithium hydroxide downstream facilities nearby to facilitate an economic export model.

Chariot’s ultimate goal is to fast-track spodumene concentrate production for sale into world markets – notably, those relying on sources of lithium ex-China.

What it needs first is a “high-priority, small-scale lithium resource” to underscore that early-stage project.To that end, phase 2 drilling will kick off, set for completion by early 2025.

On the back of that, the company is also to export 200kg of core to a laboratory in Western Australia to undertake metallurgical work.

Chariot noted on Thursday that despite a fall in lithium prices worldwide, US demand is only set to grow into the 2030’s.

Lithium Carbonate futures, by chance, jumped 2% overnight on Thursday Australian time.

CC9 last traded at 14.5cps.

Join the discussion: See what HotCopper users are saying about Chariot Corporation and be part of the conversations that move the markets.

CC9 by the numbers
More From The Market Online
The Market Online Video

HotCopper Highlights, Week 49: ASX Ltd shoots itself in foot again, NextDC-OpenAI & more

Good afternoon and welcome to HotCopper Highlights, I’m Jon Davidson, in this segment we go through the most viewed and most discussed stocks
ASX concept

ASX announcement outage issue all sorted on Tuesday, but reputational damages remain

More pain for the listed equities in ASX Ltd (ASX:ASX), the share market operator itself, after a Monday morning
A HotCopper-branded graphic image which reads "Insider Trades: Key director trades to watch" in front of an ASX-themed image which has been faded.

Pantoro, WEB, Energy One: All the biggest ASX director trades from the last week

Welcome to HotCopper’s Director Trades column, where we take a look at all the most interesting director transactions from across the past week and break