Chariot firms grip on district-scale Nigerian lithium portfolio
Chariot Resources has secured five of ten mining licences for its 254-square-kilometre lithium portfolio in Nigeria, extending the acquisition deadline to August 5 to finalize the remaining transfers. The company, through its joint venture C&C Minerals, now holds key exploration and mining titles across the Fonlo, Gbugbu, and Saki clusters. Laboratory analysis has confirmed high-grade spodumene-bearing pegmatites with lithium oxide grades up to 5.96%. Chariot plans an aggressive exploration campaign upon completion of the deal, while maintaining additional lithium assets in the United States.
- ▪Chariot Resources controls 66.667% of C&C Minerals, the joint venture holding the Nigerian lithium licences.
- ▪Five licences—three exploration and two small-scale mining leases—have been reissued by the Nigerian Mining Cadastre Office.
- ▪Spodumene content in samples ranges from 28.4% to 75.3%, with lithium oxide grades between 2.66% and 5.96%.
- ▪The acquisition deadline has been extended to August 5, 2026, to complete the remaining licence transfers.
- ▪Chariot also holds lithium projects in Wyoming, Nevada, and Oregon in the United States.
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