Chariot Unveils 32 Lithium Drilling Targets Next to Thacker Pass
Chariot Corporation has identified 32 high-priority lithium drilling targets at its Resurgent Project, strategically located adjacent to the world-class Thacker Pass lithium development in the US. This positions Chariot to potentially unlock a significant lithium resource amid strong government backing for domestic critical minerals.
- 32 high-priority lithium drilling targets defined at Resurgent Project
- Resurgent Project adjacent to Lithium Americas’ Thacker Pass, largest US lithium deposit
- Surface samples show high-grade lithium mineralisation up to 3,865 ppm Li
- Maiden drilling program planned with phased approach and minimal environmental impact
- Strong US government support highlighted by $2.26 billion DOE loan to Thacker Pass
Strategic Lithium Exploration in the McDermitt Caldera
Chariot Corporation has announced a significant step forward in its lithium exploration efforts with the definition of 32 high-priority drilling targets at its Resurgent Project. Situated within the McDermitt Caldera on the Nevada–Oregon border, the Resurgent Project shares the same prolific lithium-bearing geology as the neighbouring Thacker Pass and McDermitt deposits, which together hold over 87 million tonnes of lithium carbonate equivalent (LCE).
This adjacency is more than geographic; it places Chariot in the heart of one of the world’s most promising lithium provinces. Lithium Americas’ Thacker Pass project, currently under construction, is the largest known lithium deposit in the United States and benefits from substantial financial backing, including a landmark $2.26 billion loan from the U.S. Department of Energy (DOE) and a strategic partnership with General Motors.
High-Grade Surface Sampling and Drilling Plans
Chariot’s upcoming maiden drilling program is designed to be minimally invasive, utilising existing secondary roads and compact drill pads to reduce environmental disturbance. The program will be executed in phases, starting with up to 15 drill holes in the West Resurgent North area, prioritised to test the continuity of lithium mineralisation extending from the neighbouring McDermitt deposit.
Government Support and Strategic Positioning
The U.S. government’s commitment to securing domestic critical minerals is underscored by its financial involvement in the Thacker Pass project, including a 5% equity stake acquired through warrants. This support not only accelerates development timelines but also signals a favourable policy environment for lithium projects like Resurgent.
Chariot’s Executive Chairman and Managing Director, Shanthar Pathmanathan, emphasised the company’s resilience through the recent lithium market downturn and its preparedness for the next growth cycle. The strategic location of Resurgent, combined with robust surface grades and government backing, positions Chariot for a potentially transformational discovery in the lithium sector.
Looking Ahead
With permitting processes underway through the Bureau of Land Management and Oregon’s Department of Geology and Mineral Industries, Chariot is advancing towards its maiden drilling campaign. The results of this program will be critical in assessing the project’s resource potential and guiding future development decisions.
Beyond Resurgent, Chariot maintains a diversified portfolio of lithium projects across the United States and Nigeria, reflecting its broader ambition to become a significant player in the global lithium supply chain.
Bottom Line?
Chariot’s next drilling results at Resurgent will be pivotal in validating its potential to join the ranks of major lithium producers.
Questions in the middle?
- Will the maiden drilling confirm continuity of lithium mineralisation comparable to neighbouring deposits?
- How quickly can Chariot advance permitting and drilling to capitalise on strong US government support?
- What impact will the Nigerian lithium portfolio acquisition have on Chariot’s overall growth strategy?
