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

From the Wire: Peace hype will come – once everyone gets over disbelief

This week’s HotCopper Wire geopolitics chat landed on a market caught mid-flinch: A U.S.
The Market Online Video

From the Wire: Hormuz may be open, but we can’t just ‘snap fingers’ and have oil flow again

Oil led the Commodities Check-in on this week’s HotCopper Wire, where Isaac McIntyre and Jonathon Davidson dug into a Brent crude market that’s
The Market Online Video

From the Wire: Big Oz banks say RBA cuts likely, but inflation still a big beast

The RBA’s first hold of CY26 anchored the domestic chat on this week’s HotCopper Wire, where Isaac McIntyre and Jonathon Davidson picked through
Dale Gillham's photo, and wording 'Words from Wealth Within's Chief Analyst Dale Gillham.

Dale Gillham: Could a Pauline Hanson victory boost your super balance?

Could a Pauline Hanson election victory make your super fund significantly more valuable? It sounds like a strange question, but it may be