{"id":1248,"date":"2023-11-10T03:24:40","date_gmt":"2023-11-10T03:24:40","guid":{"rendered":"https:\/\/economicherald.net\/?p=1248"},"modified":"2023-11-10T03:24:40","modified_gmt":"2023-11-10T03:24:40","slug":"swing-low-sweet-chariot-the-asxs-newest-resources-stock-starts-drilling-for-lithium-in-wyoming","status":"publish","type":"post","link":"https:\/\/economicherald.net\/?p=1248","title":{"rendered":"Swing low, sweet Chariot: The ASX\u2019s newest resources stock starts drilling for lithium in Wyoming"},"content":{"rendered":"<p>Drill rig arrive at Chariot\u2019s flagship Black Mountain lithium project ahead of 2,000-3,000m Phase 1 program<br \/>\nBlack Mountain in Wyoming features outcropping spodumene-bearing LCT pegmatite dykes<br \/>\nInitial assay results expected in January 2024<\/p>\n<p>\u00a0<\/p>\n<p><strong><em>Special Report<\/em>: Chariot Corporation has started drilling at its flagship Black Mountain lithium project in Wyoming, less than two weeks after the company joined the ASX following an oversubscribed $9 million IPO.<\/strong><strong>\u00a0<\/strong><\/p>\n<p><a href=\"https:\/\/stockhead.com.au\/company\/chariot-corporation-cc9\/\">Chariot Corporation (ASX:CC9)<\/a> joined the bourse on 27 October with a market capitalisation of $67.5 million and an IPO issue price of 45c per share. Wilsons Corporate Finance and Jett Capital Advisors were joint lead managers of the listing process.<\/p>\n<p>The newly listed company piqued investor interest with its plans to undertake drilling at Black Mountain as well as its early-stage exploration opportunities at Copper Mountain and Resurgent.<\/p>\n<p>Chariot has now received formal approval from the US Bureau of Land Management for Phase 1 drilling at Black Mountain, following a surface geochemistry survey which collected 22 rock chip samples and returned assays up to 6.68% Li2O, with an average assay result up to 2.16% Li2O.<\/p>\n<p>An exploration target over 40 known outcropping pegmatites bodies exhibiting spodumene-rich rock has been declared over a 1km long by 50-150m wide zone.<\/p>\n<p>Chariot managing director Shanathar Pathmanathan said the company offered ASX investors exposure to the \u201cnascent and rapidly growing\u201d US lithium market.<\/p>\n<p>\u201cWith the funds raised from the IPO, we are pursuing the first discovery of a large hard rock lithium resource in Wyoming,\u201d he said.<\/p>\n<p>Pathmanathan is joined on the Chariot board by non-executive chairman Murray Bleach, executive director Frederick Forni and non-executive director Neil Stuart.<\/p>\n<p>\u00a0<\/p>\n<h2><strong>Rock chip samples return up to <\/strong><strong>6.68% Li2O <\/strong><\/h2>\n<p>\u00a0<\/p>\n<p>Project location. Pic via Chariot Corporation<\/p>\n<p>\u00a0<\/p>\n<p>Chariot\u2019s US subsidiary, Panther Lithium, plans to drill 2,000-3,000m targeting outcropping spodumene-bearing LCT pegmatite dykes within the 1km long by 50-150m wide zone following formal approval from the US Government.<\/p>\n<p>The 23-hole drill program was designed and based upon highly encouraging assay results from 22 rock chip samples collected at Black Mountain.<\/p>\n<p>Of the 22 rock chip samples, 14 assayed +300ppm Li (0.06% Li2O), 10 of which were +7,000 ppm Li (1.51% Li2O) with the highest value being 31,018 ppm Li (6.68% Li2O).<\/p>\n<p>\u00a0<\/p>\n<h2><strong>Diamond Core Drill rig on site and ready to go\u00a0 <\/strong><\/h2>\n<p>Chariot says its site geologist and manager will be actively monitoring operations and interactively working with drilling contractor Major Drilling America to manage and dynamically adjust the program, which will continue on a 24\/7 operating basis; weather permitting.<\/p>\n<p>The company is utilising historical tracks and roadways in the Black Mountain area which were developed by ranching teams that lease the land from the Bureau of Land Management for cattle grazing purposes.<\/p>\n<p>Mobilisation of drilling and support equipment from Salt Lake City, Utah, started after 2 November with first equipment arriving at site on 6 November.<\/p>\n<p>\u00a0<\/p>\n<p>Equipment mobilised at Black Mountain. Pic via Chariot Corporation<\/p>\n<p>\u00a0<\/p>\n<p>Drill rig walking, placement and setup was completed on 8 November, with drill collaring and coring activity scheduled to commence on 9 November.<\/p>\n<p>\u00a0<\/p>\n<h2><strong>First assays in \u201924 <\/strong><\/h2>\n<p>Chariot believes the Black Mountain project may represent a generational hard rock lithium opportunity in the US.<\/p>\n<p>\u201cBlack Mountain features an excellent combination of geological factors, a supportive regulatory regime and is located in a largely unpopulated part of Wyoming,\u201d the company says.<\/p>\n<p>The company expects first assay results in January 2024.<\/p>\n<p>\u00a0<\/p>\n\n<p><span class=\"mce_SELRES_start\">\ufeff<\/span>\u00a0<\/p>\n<p><em>This article was developed in collaboration with Chariot Corporation, a Stockhead advertiser at the time of publishing. <\/em><\/p>\n<p><em>\u00a0<\/em><\/p>\n<p><em>This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.<\/em><\/p>\n<p><span class=\"et_bloom_bottom_trigger\"><\/span><\/p>\n<p>The post <a href=\"https:\/\/stockhead.com.au\/resources\/swing-low-sweet-chariot-the-asxs-newest-resources-stock-starts-drilling-for-lithium-in-wyoming\/\">Swing low, sweet Chariot: The ASX\u2019s newest resources stock starts drilling for lithium in Wyoming<\/a> appeared first on <a href=\"https:\/\/stockhead.com.au\/\">Stockhead<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"<p>Drill rig arrive at Chariot\u2019s flagship Black Mountain lithium project ahead of 2,000-3,000m Phase 1 program Black Mountain in Wyoming features outcropping spodumene-bearing LCT pegmatite <a href=\"https:\/\/economicherald.net\/?p=1248\" class=\"read-more-link\">[more&#8230;]<\/a><\/p>\n","protected":false},"author":0,"featured_media":1249,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-1248","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Swing low, sweet Chariot: The ASX\u2019s newest resources stock starts drilling for lithium in Wyoming - Economic Herald<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/economicherald.net\/?p=1248\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Swing low, sweet Chariot: The ASX\u2019s newest resources stock starts drilling for lithium in Wyoming - Economic Herald\" \/>\n<meta property=\"og:description\" content=\"Drill rig arrive at Chariot\u2019s flagship Black Mountain lithium project ahead of 2,000-3,000m Phase 1 program Black Mountain in Wyoming features outcropping spodumene-bearing LCT pegmatite [more...]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/economicherald.net\/?p=1248\" \/>\n<meta property=\"og:site_name\" content=\"Economic Herald\" \/>\n<meta property=\"article:published_time\" content=\"2023-11-10T03:24:40+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/economicherald.net\/wp-content\/uploads\/2023\/11\/GettyImages-104239838-chariot2-TuJBNp.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"675\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/economicherald.net\\\/?p=1248#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/economicherald.net\\\/?p=1248\"},\"author\":{\"name\":\"\",\"@id\":\"\"},\"headline\":\"Swing low, sweet Chariot: The ASX\u2019s newest resources stock starts drilling for lithium in Wyoming\",\"datePublished\":\"2023-11-10T03:24:40+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/economicherald.net\\\/?p=1248\"},\"wordCount\":619,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/economicherald.net\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/economicherald.net\\\/?p=1248#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/economicherald.net\\\/wp-content\\\/uploads\\\/2023\\\/11\\\/GettyImages-104239838-chariot2-TuJBNp.jpeg\",\"articleSection\":[\"Finance\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/economicherald.net\\\/?p=1248#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/economicherald.net\\\/?p=1248\",\"url\":\"https:\\\/\\\/economicherald.net\\\/?p=1248\",\"name\":\"Swing low, sweet Chariot: The ASX\u2019s newest resources stock starts drilling for lithium in Wyoming - Economic Herald\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/economicherald.net\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/economicherald.net\\\/?p=1248#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/economicherald.net\\\/?p=1248#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/economicherald.net\\\/wp-content\\\/uploads\\\/2023\\\/11\\\/GettyImages-104239838-chariot2-TuJBNp.jpeg\",\"datePublished\":\"2023-11-10T03:24:40+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/economicherald.net\\\/?p=1248#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/economicherald.net\\\/?p=1248\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/economicherald.net\\\/?p=1248#primaryimage\",\"url\":\"https:\\\/\\\/economicherald.net\\\/wp-content\\\/uploads\\\/2023\\\/11\\\/GettyImages-104239838-chariot2-TuJBNp.jpeg\",\"contentUrl\":\"https:\\\/\\\/economicherald.net\\\/wp-content\\\/uploads\\\/2023\\\/11\\\/GettyImages-104239838-chariot2-TuJBNp.jpeg\",\"width\":1200,\"height\":675},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/economicherald.net\\\/?p=1248#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/economicherald.net\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Swing low, sweet Chariot: The ASX\u2019s newest resources stock starts drilling for lithium in Wyoming\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/economicherald.net\\\/#website\",\"url\":\"https:\\\/\\\/economicherald.net\\\/\",\"name\":\"Economic Herald\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\\\/\\\/economicherald.net\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/economicherald.net\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/economicherald.net\\\/#organization\",\"name\":\"Economic Herald\",\"url\":\"https:\\\/\\\/economicherald.net\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/economicherald.net\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/economicherald.net\\\/wp-content\\\/uploads\\\/2023\\\/10\\\/cropped-cropped-economicheraldlogo-1.png\",\"contentUrl\":\"https:\\\/\\\/economicherald.net\\\/wp-content\\\/uploads\\\/2023\\\/10\\\/cropped-cropped-economicheraldlogo-1.png\",\"width\":850,\"height\":760,\"caption\":\"Economic Herald\"},\"image\":{\"@id\":\"https:\\\/\\\/economicherald.net\\\/#\\\/schema\\\/logo\\\/image\\\/\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Swing low, sweet Chariot: The ASX\u2019s newest resources stock starts drilling for lithium in Wyoming - Economic Herald","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/economicherald.net\/?p=1248","og_locale":"en_US","og_type":"article","og_title":"Swing low, sweet Chariot: The ASX\u2019s newest resources stock starts drilling for lithium in Wyoming - Economic Herald","og_description":"Drill rig arrive at Chariot\u2019s flagship Black Mountain lithium project ahead of 2,000-3,000m Phase 1 program Black Mountain in Wyoming features outcropping spodumene-bearing LCT pegmatite [more...]","og_url":"https:\/\/economicherald.net\/?p=1248","og_site_name":"Economic Herald","article_published_time":"2023-11-10T03:24:40+00:00","og_image":[{"width":1200,"height":675,"url":"https:\/\/economicherald.net\/wp-content\/uploads\/2023\/11\/GettyImages-104239838-chariot2-TuJBNp.jpeg","type":"image\/jpeg"}],"twitter_card":"summary_large_image","twitter_misc":{"Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/economicherald.net\/?p=1248#article","isPartOf":{"@id":"https:\/\/economicherald.net\/?p=1248"},"author":{"name":"","@id":""},"headline":"Swing low, sweet Chariot: The ASX\u2019s newest resources stock starts drilling for lithium in Wyoming","datePublished":"2023-11-10T03:24:40+00:00","mainEntityOfPage":{"@id":"https:\/\/economicherald.net\/?p=1248"},"wordCount":619,"commentCount":0,"publisher":{"@id":"https:\/\/economicherald.net\/#organization"},"image":{"@id":"https:\/\/economicherald.net\/?p=1248#primaryimage"},"thumbnailUrl":"https:\/\/economicherald.net\/wp-content\/uploads\/2023\/11\/GettyImages-104239838-chariot2-TuJBNp.jpeg","articleSection":["Finance"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/economicherald.net\/?p=1248#respond"]}]},{"@type":"WebPage","@id":"https:\/\/economicherald.net\/?p=1248","url":"https:\/\/economicherald.net\/?p=1248","name":"Swing low, sweet Chariot: The ASX\u2019s newest resources stock starts drilling for lithium in Wyoming - Economic Herald","isPartOf":{"@id":"https:\/\/economicherald.net\/#website"},"primaryImageOfPage":{"@id":"https:\/\/economicherald.net\/?p=1248#primaryimage"},"image":{"@id":"https:\/\/economicherald.net\/?p=1248#primaryimage"},"thumbnailUrl":"https:\/\/economicherald.net\/wp-content\/uploads\/2023\/11\/GettyImages-104239838-chariot2-TuJBNp.jpeg","datePublished":"2023-11-10T03:24:40+00:00","breadcrumb":{"@id":"https:\/\/economicherald.net\/?p=1248#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/economicherald.net\/?p=1248"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/economicherald.net\/?p=1248#primaryimage","url":"https:\/\/economicherald.net\/wp-content\/uploads\/2023\/11\/GettyImages-104239838-chariot2-TuJBNp.jpeg","contentUrl":"https:\/\/economicherald.net\/wp-content\/uploads\/2023\/11\/GettyImages-104239838-chariot2-TuJBNp.jpeg","width":1200,"height":675},{"@type":"BreadcrumbList","@id":"https:\/\/economicherald.net\/?p=1248#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/economicherald.net\/"},{"@type":"ListItem","position":2,"name":"Swing low, sweet Chariot: The ASX\u2019s newest resources stock starts drilling for lithium in Wyoming"}]},{"@type":"WebSite","@id":"https:\/\/economicherald.net\/#website","url":"https:\/\/economicherald.net\/","name":"Economic Herald","description":"","publisher":{"@id":"https:\/\/economicherald.net\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/economicherald.net\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/economicherald.net\/#organization","name":"Economic Herald","url":"https:\/\/economicherald.net\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/economicherald.net\/#\/schema\/logo\/image\/","url":"https:\/\/economicherald.net\/wp-content\/uploads\/2023\/10\/cropped-cropped-economicheraldlogo-1.png","contentUrl":"https:\/\/economicherald.net\/wp-content\/uploads\/2023\/10\/cropped-cropped-economicheraldlogo-1.png","width":850,"height":760,"caption":"Economic Herald"},"image":{"@id":"https:\/\/economicherald.net\/#\/schema\/logo\/image\/"}}]}},"_links":{"self":[{"href":"https:\/\/economicherald.net\/index.php?rest_route=\/wp\/v2\/posts\/1248","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/economicherald.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/economicherald.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/economicherald.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1248"}],"version-history":[{"count":0,"href":"https:\/\/economicherald.net\/index.php?rest_route=\/wp\/v2\/posts\/1248\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/economicherald.net\/index.php?rest_route=\/wp\/v2\/media\/1249"}],"wp:attachment":[{"href":"https:\/\/economicherald.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1248"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/economicherald.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1248"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/economicherald.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1248"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}