Chariot Resources Ltd · ASX:CC9
Chariot Resources — Investor Presentation (October 2024)
27 slides from Chariot Resources's investor presentation, Oct 21, 2024
Slide 1: Investor Presentation October 2024
OR HARDROCK WY For personal use only Investor CLAYSTONE NV Presentation October 2024 ASX: CC9 Investor Presentation | October 2024 | chariotcorporation.com chariotcorporation.com 1
Slide 2: Investment Highlights
Investment Highlights Investment Highlights Lithium Companies U.S. Landholdings1 425 1 Black Mountain Pilot Mine near term • Black Mountain has high grade spodumene mineralisation at surface – i.e. could support shallow-open pit mining 503 OR • Wyoming has a streamlined Small-Mine Permit system HARD
Slide 3: North American Lithium Demand and IRA-compliant Supply
North American Lithium Demand and IRA- compliant Supply1 Majority of current & near-term lithium supply is contracted to China and/or uneconomic to ship to U.S., leaving the U.S. short of Inflation Reduction Act (IRA)-compliant lithium Demand For personal use only 800,000 Black Mountain, Resurgent a
Slide 4: Corporate Structure
Corporate Structure Chariot Corporation Ltd Other Mustang Unitholders3 (Organised under Australian Law & Listed on the ASX) Private individuals Exploration Pipeline Projects 75.9% Copper Mountain 93.9%1 79.4%2 24.1% For personal use only South Pass Panther Lithium FMS Lithium Corporation Corporation
Slide 5: Corporate Overview
Corporate Overview Options on Issue3 CC9 $2.6m $0.28 Options Exercise Price Expiry ASX ticker Cash on hand1 Share price2 4,890,667 $0.25 31/12/2024 771,000 $0.52 23/12/2024 1,000,000 $0.585 27/10/2025 158.4m 23.0m 5.6m 62,500 62,500 $0.30 $0.60 07/06/2026 07/06/2026 Shares on issue3 Options on issue
Slide 6: Key Projects Ranking
Key Projects Ranking Key Projects 1 2 3 4 5 6 Ranking: Black Mountain Black Mountain Project Resurgent North Resurgent East Horizon Other Wyoming Projects – Pilot Mine – Large Scale Location Wyoming, U.S.A. Wyoming, U.S.A. Oregon, U.S.A. Nevada, U.S.A. Nevada, U.S.A. Wyoming, U.S.A. For personal use
Slide 7: Large-scale Projects Indicative Project Development Timelines
Indicative Project Development Timelines Pilot Phase 1 Phase 2 Resource Definition Permitting & Modular Plant Construction First Black Mountain Mine Drilling Drilling & Met Testing Feasibility & Mine Development Production Pilot Mine development Potential Cash flow from Black For personal use only w
Slide 8: Leadership and Exploration Team
Leadership and Exploration Team Exploration Team Shanthar Pathmanathan Frederick Forni Edward Max Baker Managing Director Executive Director Geological Consultant • Prior CEO and MD of Lithium • Senior finance professional with over • Ph.D. Geologist and a fellow AusIMM. Consolidated Ltd, which had
Slide 9: Wyoming Hard Rock
For personal use only Wyoming Hard Rock
Slide 10: Why Wyoming?
Why Wyoming? Tier 1 Mining District Proximity to Refineries and Battery Plants For personal use only No Material Land Use Restrictions Supportive Policy & Strong Legal Framework Map to be updated with new BMclaims Extensive Road and Rail Infrastructure Highly Prospective Geology Investor Presentatio
Slide 11: Wyoming Hard Rock Lithium Projects
Wyoming Hard Rock Lithium Projects The Next U.S. Hard Rock Lithium Province • Chariot has seven (7) lithium exploration projects in Wyoming, covering a total of 6,296 hectares: 1. Black Mountain (6,632 acres or 2,684 ha) For personal use only 2. Copper Mountain (1,628 acres or 659 ha) 3. Tin Cup (92
Slide 12: Black Mountain Historical Exploration & Phase Drilling Results
Black Mountain Historical Exploration & Phase 1 Drilling Results • Initial rock chip sampling results yielded up to 6.68% lithium oxide (Li2O) • Phase 1 diamond drilling program completed in February 2024 with 1st 3 diamond drill holes intersecting near surface, high-grade spodumene mineralisation F
Slide 13: Black Mountain Phase Drilling Program
Black Mountain Phase 2 Drilling Program • The Phase 2 Drilling program to be completed soon under the current permit, which allows a 5-acre disturbance area • Phase 2 Drill program objectives are to: 1. Quickly and cost-effectively identify a small lithium resource to support establishment of a Pilo
Slide 14: Black Mountain fast-to-market supply to U.S. refineries
Black Mountain provides a potential fast-to-market solution to supply the future U.S. lithium hydroxide refineries with spodumene concentrate Black Mountain BLACK MOUNTAIN Pilot Mine NATRONA COUNTY BLACK MOUNTAIN POTENTIAL WYOMING ‘Pilot Plant’ SUPPLY FROM CANADA Key Drivers For personal use only 1.
Slide 15: Black Mountain Pilot Mine: Strategy
Black Mountain Pilot Mine: Strategy Key Driver Strategy Implications 1. High-grade lithium • Leverage previous drilling results – which indicated high-grade lithium • Quickly and cost-effectively define a small-scale lithium resource mineralisation mineralization starting at surface and encountered
Slide 16: Black Mountain Pilot Mine: Project Execution Sequencing
Black Mountain Pilot Mine: Project Execution Sequencing Key Driver Workstreams Indicative Sequencing Black Mountain Pilot Mine: Advisors Phase 2 Drilling Program High-grade lithium 1. mineralisation For personal use only Small-scale Lithium Resource Definition METS Engineering Group Pty Ltd 2. Quarr
Slide 17: Black Mountain Pilot Mine: Illustrative Process Flowsheet
Black Mountain Pilot Mine: Illustrative Process Flowsheet For personal use only Full slide image Notes: 1) Footnotes Investor Presentation | October April 2024 2024 | chariotcorporation.com | chariotcorporation.com chariotcorporation.com chariotcorporation.com 17 17
Slide 18: Resurgent Project
For personal use only Project Resurgent
Slide 19: Resurgent Project Overview
Resurgent Project1 Overview • The Resurgent Project is a claystone-hosted lithium project located in the McDermitt Caldera in Oregon and Nevada, U.S.A. JINDALEE McDermitt Project • The lithium deposits in the Caldera occur in ancient lake sediments that MRE: 21.5mt LCE surround the centre of the cal
Slide 20: Claystone: Potentially the Future of Large-Scale Lithium Supply
Claystone: Potentially the Future of Large-Scale Lithium Supply 1 Lithium Projects in North America ! Chariot holds the second-largest land by Measured, Indicated & Inferred Mineral Resource (Mt LCE) position in the McDermitt Caldera, which hosts the largest lithium mineral resource in the U.S. McDe
Slide 21: Resurgent North Overview
Resurgent North Overview • Believed to share the same sedimentary units that host Jindalee’s McDermitt project (ASX: JRL) with a JORC MRE of 21.5 mt LCE1 • Resurgent North abuts Jindalee’s McDermitt project and follows the same stratigraphic sequence – based on rock-chip results • A surface sampling
Slide 22: Resurgent East Overview
Resurgent East Overview • Resurgent East claims target the same sedimentary units that host the Thacker Pass lithium deposit (MRE: 19.1mt LCE) and it is hoped that exploration results will establish analogous mineralisation • Thacker Pass stratigraphy features a low-grade zone (~25-30m thick < 4,000
Slide 23: Mustang Lithium LLC
For personal use only Mustang Lithium LLC
Slide 24: Horizon & Halo Lithium Projects
Horizon & Halo Lithium Projects Overview • The Horizon Lithium Project and Halo Lithium Project, together, consist of 10.69Mt 937 mineral claims over 19,358 acres in Tonopah, Nevada, USA LCE MRE1 • The projects neighbour American Lithium Corp.’s (TSX-V: LI) TLC project Market Cap: C$247m4 (MRE 10.69
Slide 25: Horizon & Halo Lithium Projects: Exploration History and Results
Horizon & Halo Lithium Projects Horizon Project: Exploration History and results Halo Project: Exploration History and results For personal use only Halo Lithium Cut-off Total Average Grade Lithium LCE Hole No. From (m) To (m) Width (m) Li (ppm) Classification (ppm Li) (K-tonnes) Lithium (ppm) (K-to
Slide 26: ESG Commitment
ESG Commitment Driving the Future of American-Made Clean Energy with Sustainable Domestic Lithium For personal use only Environmental Social Governance • As the U.S. accelerates its • Partnering with local • Ensuring compliance with transition to electric communities, creating U.S. federal and state
Slide 27: Important Notice
Important Notice To the maximum extent permitted by law, Chariot disclaims any responsibility to Reserves’ (JORC Code). Chariot confirms that it is not aware of any new information Any material used in this presentation inform any recipient of this presentation on any matter that subsequently comes