In a notable development for the lithium sector, Chariot has secured six licences for lithium exploration and mining in Nigeria. This acquisition, which includes four exploration licences and two small-scale mining licences, positions Chariot as a key player in the region.
On April 13, 2026, Chariot announced its acquisition of a 66.667 percent stake in C&C Minerals Limited, while Continental Lithium Limited retains a 33.333 percent stake. This partnership is expected to enhance Chariot’s operational capabilities in Nigeria.
Independent analysis has confirmed the presence of high-value spodumene across all six sampled sites, with spodumene accounting for between 28.4 percent and 75.3 percent of crystalline content in the samples. The lithium oxide grades in these samples ranged from 2.66 percent to 5.96 percent, indicating a promising resource.
Additionally, elevated caesium values were recorded, with pollucite reaching up to 9.5 percent in one sample. These findings are crucial as they support Chariot’s plans to advance drill-ready targets and accelerate exploration across its Nigerian portfolio.
Chariot’s entry into the Nigerian lithium sector is significant as it is the first ASX-listed lithium company to do so. This milestone is seen as a key regulatory achievement that materially de-risks its Nigerian lithium portfolio acquisition.
Shanthar Pathmanathan, a representative from Chariot, emphasized the importance of these approvals, stating, “These approvals are monumental for the Company and indeed the global lithium sector as they signify the first entry of an ASX-listed lithium company into the high-potential lithium sector in Nigeria.”
The development is expected to have a substantial impact on the lithium market, particularly as the Nigerian lithium sector hosts pegmatites producing spodumene for the Chinese market.
As Chariot plans to further its exploration efforts, the implications of this discovery could extend beyond the company, potentially influencing global lithium supply chains.
Overall, this sequence of events marks a pivotal moment for Chariot and the broader lithium industry, highlighting Nigeria’s emerging role in the global lithium market.