Chariot Resources Ltd · ASX:CC9
Chariot Resources — Investor Presentation (March 2024)
27 slides from Chariot Resources's investor presentation, Mar 1, 2024
Slide 1: Investor Presentation
Investor For personal use only Presentation ASX: CC9 March 2024 Investor Presentation | March 2024 | chariotcorporation.com 1
Slide 2: 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 Any material used in this presentation inform any recipient of this presentation on any matter that subsequently comes information
Slide 3: Leadership and Exploration Team
Leadership and Exploration Team Board of Directors Exploration Team Murray Bleach Shanthar Pathmanathan Edward Max Baker Non-Executive Chairman Managing Director Geological Consultant • Former CEO of Macquarie Group • Prior CEO and MD of Lithium • Ph.D. Geologist and a fellow of Limited’s North Amer
Slide 4: Corporate Overview
Corporate Overview CC9 $7.6m $0.28 52.3% Shareholder Overview ASX ticker Cash on hand1 Share price2 Top 20 shareholders2 2% 150.3m 7.8m 9.5m Shares on issue Options on issue Performance rights3 15% For personal use only $1.20 $3.5 $3.0 $1.00 53% $2.5 $0.80 31% Share Price (A$/share) Value Traded (A$
Slide 5: U.S. Lithium Exploration Investment Highlights
U.S. Lithium Exploration Investment Highlights U.S. Lithium Companies - Land Position1 1 U.S. Focused Lithium Explorer 293 • Large landholder for lithium exploration in the United States2 • Large-scale potential with two (2) projects (the “Core Projects”), the Black Mountain Project (hard rock Li) a
Slide 6: U.S. Lithium Focused Portfolio
U.S. Lithium Focused Portfolio Asset Name: Black Mountain 2 Hard Rock Lithium 93.9% Ownership Core Projects: Black Mountain & Resurgent Asset Name: Resurgent Claystone Lithium 79.4% Ownership Asset Name: Lida, 6 For personal use only Amargosa Claystone Lithium 60% Ownership Exploration Pipeline Proj
Slide 7: Diversified, Dual-Pronged Strategy
Diversified, Dual-Pronged Strategy 15.48m @ 1.12% Li2O from 2.74m, Hard Rock Lithium including 4.27m @ 2.46% Li2O from 9.94m (Spodumene Mineralisation Confirmed at Surface1) Maiden drill holes all 14.33m @ 0.84% Li2O from 1.83m, intersected high-grade including 2.29m @ 3.09% Li2O from 10.67m spodume
Slide 8: Wyoming Hard Rock
For personal use only Wyoming Hard Rock Investor Presentation | March 2024 | chariotcorporation.com 8 8
Slide 9: Why Wyoming?
Why Wyoming? Exposure to Secular Tier 1 Mining District: Demand Growth & Nearby Offtake Partners: Long history of coal and uranium mining with a ranking of 2nd in the 2020 Fraser Institute’s Policy Perception Index. Resources are the largest Near gigafactories and manufacturers with contributor to s
Slide 10: Wyoming Hard Rock Lithium Projects
Wyoming Hard Rock Lithium Projects The Next U.S. Hard Rock Lithium Province • Seven (7) LCT pegmatite projects in Wyoming comprising 795 unpatented lode claims covering 6,270 ha • The Black Mountain Project is 27 sq. km area with outcropping For personal use only LCT-type pegmatites with preliminary
Slide 11: Core Project: Black Mountain
Core Project: Black Mountain Background • The Black Mountain Project is located in Natrona County in Central Wyoming • Black Mountain claims exhibit extensive pegmatite outcrops with For personal use only spodumene and tantalum mineralisation – surface rock chip samples returned assays of up to 6.38
Slide 12: Core Project: Black Mountain - Base Metal Mineralisation
Core Project: Black Mountain Base Metal Mineralisation Identified • The first drill hole intersected pyrite-pyrrhotite mineralisation which may be the peripheral portion of a significant body of potential base metal mineralisation For personal use only • BMDDH23_01 intersected 0.73m @ 0.4% Cu, 15.4%
Slide 13: Core Project: Black Mountain - Exploration Plan
Core Project: Black Mountain Exploration Plan • The Phase 1 Drill Program at Black Mountain has been completed and the data from the first nine (9) holes will now be processed and reviewed to determine the 3D shape and near-surface grades, down to 100m, within the three (3) major pegmatite dike zone
Slide 14: Exploration Pipeline Project: Copper Mountain
Exploration Pipeline Project: Copper Mountain Exploration Plan • Geochemistry survey of prospective pegmatite outcrops completed with assay results pending Pegmatites • Ground magnetics survey planned for U.S. summer For personal use only Background • Mica, feldspar, tin/tantalite and beryl workings
Slide 15: Resurgent Claystone
For personal use only Resurgent Claystone Investor Presentation | March 2024 | chariotcorporation.com 15
Slide 16: Core Project: Resurgent Project
Core Project: 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 cen
Slide 17: Claystone: The Future of Large-Scale Lithium Supply
Claystone: The Future of Large-Scale Lithium Supply1 ! Chariot holds the second-largest land position in the McDermitt Lithium Projects in North America Caldera, which hosts the largest by Measured, Indicated & Inferred Mineral Resource (Mt LCE) lithium mineral resource in the U.S. McDermitt Caldera
Slide 18: Core Project: Resurgent North
Core Project: Resurgent North Overview • Targeting 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 same stratigraphic sequence – based on rock-chip results • A surface sampli
Slide 19: Core Project: Resurgent East
Core Project: Resurgent East Overview • Targeting the same sedimentary units that host the Thacker Pass lithium deposit (MRE: 19.1mt LCE) • The Thacker Pass depositional model provides an analogue for the lithium mineralisation at Resurgent East • Thacker Pass stratigraphy features a low-grade zone
Slide 20: Appendix
For personal use only Appendix Investor Presentation | March 2024 | chariotcorporation.com 20
Slide 21: U.S. EV Eco-System Build Out
U.S. EV Eco-System Build Out U.S. Li-ion Battery Manufacturing U.S. Planned Battery Plant Capacity 20301 U.S. EV Unit Sales2 Capacity to 10x by 2030 3.0 • By 2030, the U.S. is forecasted to increase its 2.5 lithium-ion battery manufacturing capacity from 110 GWhs in 2022 to over 1,000 GWh1, a nearly
Slide 22: Black Mountain Project: Deal Terms
Black Mountain Project: Deal Terms 1 Black Mountain Black Mountain Total (2 claims) (27 claims) 10-year lease with 12-month option for US$450k with Deal Type option to purchase option to purchase for US$4m at any time (Option Exercised) Asset – claim group Vesper BMLC Cash Cash Shares Cash or Shares
Slide 23: Corporate Structure
Corporate Structure Chariot Corporation Ltd (Australian and Australian Stock Exchange Listed) Exploration Pipeline Projects Proposed Divestment Projects 60%3 100% 95% Copper Mountain 93.9%1 79.4%2 For personal use only Marvel Lithium Stallion Lithium Chariot Metals South Pass LLC Pty Ltd Zimbabwe Pa
Slide 24: Lithium Assets - Divested
Lithium Assets - Divested Tonopah, Nevada, USA Deal Terms1 Milestone Upon Signing Y1 Y2 Payments Chariot Chariot’s Company Asset Total5 Ownership Net Benefit6 For personal use only Cash Shares Cash Shares Cash Shares Shares NSR SOLD Halo 21.4% $326,518 1,865,269 $200,000 1,250,000 $200,000 500,000 -
Slide 25: Exploration Pipeline Project: South Pass
Exploration Pipeline Project: South Pass Background • 214 unpatented lode claims covering 1,750 ha of exploration tenure prospective for hard rock lithium • Hundreds of outcropping pegmatites that occur in swarms For personal use only • Pegmatites range from a few centimetres in width and length to
Slide 26: Exploration Pipeline Projects: Wyoming Regional
Exploration Pipeline Projects: Wyoming Regional Overview JC • Four (4) additional areas staked to date comprising of 146 unpatented lode claims covering 1,186 ha of exploration tenure prospective for hard rock lithium • Swarms of interpreted pegmatites For personal use only Tin Cup Barlow Gap Pathfi
Slide 27: End Notes
End Notes Company Ticker # Claims Source Chariot Corporation Ltd ASX: CC9 3,634 Wyoming Lithium Projects (795 claims)1, Resurgent Project (1,450 claims), Projects to be Divested (550 claims), Divested via an Option Agreement (839 claims) Lithium Americas Corporation NYSE: LAC 2,724 Refer to Thacker