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Delivering Wyoming’s hard rock lithium potential

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Delivering Wyoming’s hard rock lithium potential


Chariot has made the first hard rock lithium discovery by drilling in Wyoming, US.

Chariot corporation limited (Chariot) recently announced the first discovery of hard rock lithium in Wyoming, US. The initial results from the Company’s first three drill holes at its flagship Black Mountain project had assays returning individual lithium (Li) and tantalum (Ta) values of up to 3.79% Li2O and 230 ppm Ta2O5. These are strong early results from Chariot’s Phase 1 drill programme, which will be completed by March 2024, and indicate the presence of hard rock lithium with further drilling focused on determining the scope of the resource.

The United States is rapidly accelerating the exploration and development of American lithium resources to meet the anticipated demand from over 224 GWh of expected battery manufacturing capacity due to be online by 2025¹ (and significantly more thereafter). The US Government has also taken significant first steps to incentivise and encourage local investment across the lithium-battery supply chain, including $3.5bn to expand domestic advanced battery and battery materials manufacturing capacity from the Bipartisan Infrastructure Law.

Chariot appears uniquely positioned to benefit from these efforts by being one of the largest landholders of lithium assets in the US. The company has a diversified strategy of holding both hard rock and claystone exploration claims focused in the US. The Black Mountain project (hard rock) and the Resurgent project (claystone) form the company’s core projects. Chariot also holds a dominant land position in Wyoming, with six additional hard rock lithium projects featuring extensive outcropping pegmatite swarms in geological settings similar to the Black Mountain project.

Why Wyoming?

The exceptional assay results from the first three holes of the Black Mountain project show the asset’s potential and, together with the company’s six additional Wyoming projects, position Wyoming to become an important source of critical minerals for the US electric vehicle market (see Fig. 1).

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Fig. 1: Chariot’s Wyoming hard rock lithium projects

Wyoming is a tier 1 mining jurisdiction with a long history of mining gold, uranium, coal, and industrial minerals, accounting for 21% of the state’s GDP. In 2020, Wyoming was ranked second on the Fraser Institute’s policy perception index, demonstrating strong government policy support for ongoing mining exploration and development. Moreover, the state’s infrastructure is well-developed, with extensive experience transporting minerals within and out of state.

Chariot’s Wyoming lithium portfolio is entirely located in areas with no known land use encumbrance. It is hosted in metasedimentary rocks in Archean-aged geological systems, ideal conditions for LCT pegmatite discovery.

Black Mountain project

Chariot’s core project, the Black Mountain project (Black Mountain), is located in Natrona County, Wyoming, US and comprises 134 unpatented lode mining claims. Chariot has intersected significant zones of strong lithium-tantalum mineralisation in the first three holes of the maiden drill programme at Black Mountain.

These drill results confirm the potential of the Black Mountain lithium caesium tantalum (LCT) pegmatite swarms with notable results, including:
•   BMDDH23_01 15.48m @ 1.12% Li2O and 79 ppm Ta2O5 from 2.74m, including 4.27m @ 2.46% Li2O and 128ppm Ta2O5 from 9.94m
•   BMDDH23_02 14.33m @ 0.84% Li2O and 61 ppm Ta2O5 from 1.83m, including 2.29m @ 3.09% Li2O and 138 ppm Ta2O5 from 10.67m
•   BMDDH23_03 18.81m @ 0.85% Li2O and 98ppm Ta2O5 from 45.26m, including 5.79m @ 1.08% Li2O and 105 ppm Ta2O5 from 47.55m
•   High-grade potential with individual grades downhole of up to 3.79% Li2O and 230 ppm Ta2O5

This is the first hard rock lithium discovery, through drilling, in Wyoming, US.

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Dr Edward Max Baker, Chariot’s Chief Geologist,³ said: “We’ve got stunning initial results amid the North American winter. The targeted hard rock lithium system has been intersected in multiple holes. Still, we need to come back in the North American summer for a 5,000 – 10,000m drill programme to better handle the resource potential. The base metals’ sulphide mineralisation is also very promising and indicates the potential for base metals and/or gold mineralisation, separate from the lithium mineralisation.”

The drill intercepts reported from the first three holes confirm the lithium potential of the Black Mountain LCT pegmatite (see Fig. 2 and Fig. 3), as indicated by the Chariot’s earlier surface rock chip sampling results.⁴ In addition, Chariot is optimistic it may have intersected the peripheral portion of a potentially larger base metal mineral system, with selected intervals grading up to 0.6% (6,012 ppm) copper (Cu), 1.0% (9,931 ppm) zinc (Zn), and 15.4% (154,412 ppm) lead (Pb).

 

 

Fig. 2: Drill Core sample from BMDDH23_01 from 10.6m showing some of the spodumene mineralisation
Fig. 3: Pegmatite intersection in BMDDH23_02 from 9.6m (31.5ft.) to 14.5m (47.5ft.)

Two diamond core drill holes (BMDDH23_01 and BMDDH23_02) were drilled to test the outcropping pegmatites in the central Northwest swarm area (Northwest Area), whilst a third diamond drill hole (BMDDH23_03) was drilled in to test outcropping pegmatites in the central southeast swarm area (the Southeast Area)(see Fig. 4).

Fig. 4: Plan View of the Black Mountain Project, showing the pegmatite outcrops (dark red) and interpreted folded geometry (in light red) along with the Northwest and Southeast Cross-Section Lines and Drill Collars. The rock chip and soil geochemistry results are also shown. Refer to the Prospectus for the complete set of rock chip assay results²

The Northwest Area comprise steeply dipping limbs of a tightly folded package of dikes, where the fold is now interpreted to be more open than initially anticipated before drilling. The dikes to the west of BMDDH23_01 and BMDDH23_02 are expected to dip westward at a dip approximately parallel to the pegmatite intercepted by BMDDH23_01. BMDDH23_01 and BMDDH23_02 both intersected the same pegmatite (see Fig. 5).

Fig. 5: A – AA cross-section (see Fig. 1) through the Northwest Area showing BMDDH23_01 and BMDDH23_02 drill traces with the intersected pegmatite shown in red

The pegmatite dike swarms in the Southeast Area comprise a complex fold-hinge, which, based on the location of the intercept of pegmatite in BMDDH23_03, appears to dip moderately steeply to the southeast (see Fig. 6).

Fig. 6: B-BB cross-section through the Southeast area showing BMDDH23_03 drill trace with the intersected pegmatite shown in red

Chariot also engaged ERM Australia Consultants Pty Ltd (previously CSA Global) and ERM Sustainable Mining Services (CSA Global) to provide technical guidance for the development of the Black Mountain exploration plan and have completed an independent review of the data, geological interpretations and exploration results to date. CSA Global’s scientific and technical disclosures review confirms Chariot’s drilling results.

Phase 1 drill programme

The Phase 1 maiden drilling programme consisting of 10-15 holes was designed to test under outcropping pegmatite dike swarms with anomalous Li rock chip values to determine the geometry of the dikes and to confirm the hard rock lithium potential ahead of a comprehensive resource drill-out in Q3 2024.

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Major Drilling Group International Inc. (Major Drilling) has been contracted to drill oriented triple tube HQ-sized diamond drill core (drill core) using a Boart Longyear LF90 Surface Diamond Core Drill Rig (the drill rig) (see Fig. 7). Drill core from Black Mountain is transported to Chariot’s core handling and storage facility in Jeffrey City, Wyoming, where each drill core is photographed, logged, and measured for density and recovery (see Fig. 8). Drill core samples are being assayed by American Assay Labs in Reno, Nevada.

Fig. 7: Drill rig at Black Mountain
Fig. 8: Chariot Senior Project Geologist Willis Blakeslee, inspecting
drill core

The Phase 1 programme was limited to the currently permitted seven drill pads due to the five-acre limit on disturbance under the Notice of Intent, which applies to both access roads and the drill pads.

Chariot plans to apply for an Exploration Plan of Operations (EPO) to increase the area of disturbance from five acres under the Notice of Intent to up to 2,500 acres for the Phase 2 resource drill programme commencing in Q3 2024.

The Phase 1 drill programme was limited to testing the two central pegmatite swarms (of the four pegmatite swarms identified at Black Mountain) in the Northwest and Southeast areas.

Base metal mineralisation potential

The upper section of BMDDH23_01 intersected pyrite-pyrrhotite mineralisation, occurring as veinlets and dissemination within the biotite schist throughout approximately 100m. At this early stage, only several select intervals of this mineralisation were sampled and assayed with selected intervals grading up to 0.6% (6,012 ppm) Cu, 1.0% 9,931 ppm Zn and 15.4% 154,412 ppm Pb.

Based on the location of this drill hole relative to an 800m long by 150m wide zone of anomalous zinc-in-soils, the Company is optimistic that it has intersected the peripheral portion of a potentially larger base metal mineral system (see Fig. 9). The zinc and lead anomalies are situated on the contact between metabasalt to the south and metasediments to the north coincident with a two-meter-wide zone of black massive chert outcrops along the southern margin of the soil anomaly.  Based on the anomalous drill intercepts, the geological setting and the extent of the zinc and lead soil anomaly, the company plans to further investigate this base metal mineralisation by extending the soil sampling programme and conducting a preliminary induced polarisation survey (IP) lines across the anomaly in Q3 2024.

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Fig. 9: Zone of anomalous zinc in soils to the north of the pyritepyrrhotite mineralisation intersected in BMDDH23_01 shown in relation to the outcropping pegmatites with soil sample locations showing Zn in ppm. Refer to Appendix 4 for the complete set of soilgeochemistry results

2024 Black Mountain exploration plans

The Phase 1 programme at Black Mountain is scheduled to continue until 1 March 2024, to determine the three-dimensional shape and near-surface grades, down to 100m, within the three major pegmatite dike zones, as shown in Fig. 1. In addition to the eight holes already drilled, another seven holes are planned for the remainder of the Phase 1 programme, which will conclude on 1 March 2024.

This information will be used to design a more extensive 5,000 to 10,000m initial resource definition drill programme expected to commence in Q3 2024 (the Phase 2 (resource drilling) programme).

Phase 2 (resource drilling) programme to commence in Q3 2024

In anticipation of the Phase 2 resource drill programme, the initial focus will consist of detailed re-logging of the Phase 1 programme drill core and a detailed petrographic study of the mineralisation, selection, and submittal of samples for initial metallurgical testing.  At the same time, the existing rock chip and soil sampling programme will be extended to the north and east to close off the open lithium and base metal anomalies.

In addition, the company plans to run a preliminary IP/resistivity survey over the area of anomalous Zn-Pb soil geochemistry to assist in siting several holes to test the nature of this base metal mineralisation in Q3-Q4 2024.

The Company is currently lodging an application for an EPO (to drill) to expand the area of disturbance and increase the number of drill pads in preparation for a maiden resource drill-out. The Phase 2 (resource drill) programme is expected to commence in the North American summer in Q3 2024 or when the BLM approves the EPO.

Forging a lithium future in Wyoming

Chariot is well-positioned to take advantage of the future demand for lithium resources and the need for an American supply. Over the next twelve months, the company will report additional drill results and launch a more comprehensive drilling programme at Black Mountain. In addition, the company will continue to advance its other assets prudently. Each of these activities has the potential to be a significant catalyst for value creation at Chariot and to drive shareholder value.

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References

  1. Source: National Blueprint for Lithium Batteries 2021-2030.
  2. The Prospectus can be downloaded from the Company website:
    www.chariotcorporation.com
  3. Dr Baker holds 7,926,860 ordinary shares in Chariot (equal to a 5.3% interest in the undiluted shares on the issue of Chariot). Dr Baker is also engaged as a consultant by Chariot.
  4. Refer to Chariot’s initial public offering prospectus and the Company’s announcement dated 9 November 2023 for the full set of surface rock chip sampling results.

Please note, this article will also appear in the seventeenth edition of our quarterly publication.



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Wyoming

Man shot, critically injured by deputy during ‘disturbance’ in Rock Springs, Wyoming

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Man shot, critically injured by deputy during ‘disturbance’ in Rock Springs, Wyoming


A man was hospitalized with critical injuries after he was reportedly shot by a deputy responding to reports of a disturbance.

Deputies with the Sweetwater County Sheriff’s Office and officers with the Rock Springs Police Department responded to the Sweetwater Heights apartment complex in the 2100 block of Century Boulevard just after 4 a.m. on Monday to investigate reports of a disturbance involving an armed individual.

Information that dispatch received indicated that the individual had shot himself. When officials arrived, they found the individual on the balcony of an upstairs apartment “who appeared to have a gunshot wound consistent with the initial report,” a press release states.

MORE | Officer-Involved Shooting

During the encounter, a deputy discharged their weapon and struck the individual.

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Emergency medical personnel rendered aid, and the individual was transported to an area hospital in critical condition.

No law enforcement officers or members of the public were injured during the incident.

The Wyoming Division of Criminal Investigation will conduct an independent investigation.

The deputy who fired their weapon was placed on administrative leave per standard protocol.

_____

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Former House Speaker Albert Sommers seeks to win back Wyoming legislative seat

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Former House Speaker Albert Sommers seeks to win back Wyoming legislative seat


by Maggie Mullen, WyoFile

Albert Sommers, former Wyoming Speaker of the House, announced Thursday he will attempt to reclaim a seat he formerly held for more than a decade in the statehouse. 

“Leadership matters,” Sommers, a lifelong cattle rancher, wrote in a press release. “Right now, the Wyoming House is too often focused on division instead of solutions. We need steady, effective leadership that solves problems—not rhetoric and political theater.”

Voters in 2013 first elected Sommers to House District 20, which encompasses Sublette County and an eastern section of Lincoln County. As a lawmaker, Sommers largely focused on health care, education and water issues. Over six terms, he rose through the ranks, serving in leadership positions and chairing committees focused on education funding and broadband. 

In his announcement, Sommers highlighted his legislative work to establish funding for rural hospitals, prioritize “responsible property tax relief,” as well as the creation of the Wyoming Colorado River Advisory Committee within the State Engineer’s Office, “to ensure our water users have a voice in critical decisions affecting the Green River Valley,” he wrote. 

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As speaker, Sommers was a frequent target of the Wyoming Freedom Caucus as well as the DC-based State Freedom Caucus Network, even getting the attention of Fox News and other national, conservative news outlets. They often accused Sommers of not being conservative enough, and criticized him for keeping bills in “the drawer,” which has long been code for the unilateral power a speaker has to kill legislation by holding it back. (The practice of holding bills has been used to a much higher degree under Freedom Caucus leadership.)

In 2023, Sommers used the speaker’s powers to kill bills related to a school voucher program, banning instruction on gender and sexual orientation from some classrooms and criminalizing gender-affirming care for minors. At the time, Sommers defended his decision to hold back “bills that are unconstitutional, not well vetted, duplicate bills or debates, and bills that negate local control, restrict the rights of people or risk costly litigation financed by the people of Wyoming.”

He reiterated that philosophy and defended his record in his Thursday campaign announcement. 

“I am a common-sense conservative who believes in getting things done. I support our core industries—oil and gas, ranching, and tourism—and I will continue to fight for the people and natural resources of Sublette County and LaBarge. I am pro-gun, pro-life, pro-family, and pro-education,” Sommers wrote. “I also take seriously my oath to uphold the U.S. and Wyoming Constitutions, which means I didn’t support bills that violated those constitutions. I read bills carefully and I voted accordingly.”

Speaker of the House Albert Sommers (R-Pinedale) stands at the center of a rules committee huddle in the House of Representatives during the 2024 budget session. (Maggie Mullen/WyoFile)

Following his term as speaker, Sommers stepped away from the House to run for Senate District 14 in 2024. He lost in the primary election to political newcomer Laura Pearson, a Freedom Caucus-endorsed Republican from Kemmerer, who also won in the general election. Her Senate win coincided with the Freedom Caucus winning control of the House.

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“That race didn’t go my way, and I respected the outcome,” Sommers said in a Thursday press release. But “the direction of the Wyoming House,” since then, he said, has “raised serious concerns.” 

Sommers pointed to the Freedom Caucus and its budget proposal, which, despite a funding surplus, included major cuts and funding denials. Ahead of the session, the caucus said its sights were set on shrinking spending and limiting the growth of government. 

In his Thursday press release, Sommers criticized “decisions that cut food assistance for vulnerable children, reduced business opportunities, slashed funding to the University of Wyoming, eliminated resources for cheatgrass control, denied raises for state employees, and removed positions critical to protecting Wyoming’s water rights.”

Most of those proposals did not make it into the final budget bill.

Sommers also pointed to a controversy that dominated the 2026 session after a Teton County conservative activist handed out campaign checks to lawmakers on the House floor. Lawmakers in both chambers unanimously voted to ban such behavior before a House Special Investigative Committee found that the exchange did not violate the Wyoming Constitution nor did it amount to legislative misconduct. A Laramie County Sheriff’s Office criminal investigation is still underway. 

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But “controversies like ‘Checkgate’ undermined public trust, and decorum in the House deteriorated,” Sommers said. 

“Transparency and accessibility will remain central to how I serve,” Sommers said. “As I’ve done before, I will provide regular updates on legislation, seek your input, and clearly explain my votes.”

Incumbent bows out

Rep. Mike Schmid, R-La Barge, currently represents House District 20, but announced Thursday morning that he would not seek reelection. 

“It has truly been an honor to serve as your State Representative for House District 20. When I first ran, I had hoped to serve up to three terms and continue building on what I learned during my first term,” Schmid wrote in a Facebook post. “But life can change your priorities. Over the past year, my family has gone through some difficult times. My wife is dealing with serious health issues, and the death of my brother, Jim, just a few short weeks ago have made it clear to me where I need to spend my time.” 

In March, Bill Winney, a perennial candidate and former nuclear submarine commander, announced he would run for House District 20. 

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The official candidate filing period opens May 14. 


This article was originally published by WyoFile and is republished here with permission. WyoFile is an independent nonprofit news organization focused on Wyoming people, places and policy.





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Idaho semitruck driver involved in fatal accident at Wyoming FlyingJ – East Idaho News

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Idaho semitruck driver involved in fatal accident at Wyoming FlyingJ – East Idaho News


The following is a news release from the Wyoming’s Rock Springs Police Department:

ROCK SPRINGS, Wyo. — The Rock Springs Police Department is investigating a fatal incident that occurred early this morning in the parking lot of the Flying J Travel Center.

At approximately 5:00 a.m., a Flying J employee was working to direct commercial vehicle traffic within the lot. Initial findings suggest that as one semitruck began to move, the employee was positioned between that vehicle and a second stationary vehicle. The employee was subsequently pinned between the two units.

Rock Springs Fire Department and Castle Rock Ambulance arrived on the scene and coordinated life-saving measures. Despite the rapid response and medical intervention, the employee was pronounced deceased at the scene.

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The identity of the deceased is being withheld at this time pending the notification of family members.

The driver involved in the incident, a resident of Idaho, remained on-site and has been fully cooperative with investigators. Following an initial statement and questioning, the driver was released. While the investigation remains open, the incident currently appears to be a tragic accident.

We extend our deepest condolences to the family of the deceased and the staff at Flying J. We also want to commend the rapid response and professional life-saving efforts coordinated by Rock Springs Fire and Castle Rock Ambulance during this difficult call.

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