FY2021
Pre-IPO financing
The company raised seed capital, increased its FMSL investment and completed a 2.5-for-1 share consolidation in November.
ASX: CC9 · Five-year financial review
Chariot Resources Ltd (ASX: CC9) - Five-Year Financial Review FY2021-FY2025
An evidence-led review of Chariot’s December year-end results. Financial statement amounts are Australian dollars in units, except per-share figures and the separately labelled lithium Resource snapshot. FY2021 is a parent-only comparison; the group statements begin in FY2022.
Reading the tables: 0 (nil) is a supported zero. Other text distinguishes an amount included in another line, a non-applicable item, a separately unavailable component and an unresolved value. These are not interchangeable. Period-specific detail is labelled; complete year-by-year detail remains available.
FY2025 total loss
$(5.31)m
Consolidated statutory loss for the year.
FY2025 cash
$0.77m
Cash and cash equivalents at 31 December.
FY2025 current borrowings
$2.06m
Loans and borrowings at 31 December.
FY2025 exploration asset
$9.58m
Capitalised exploration carrying amount.
Five years in context
Chariot moved from a parent-only pre-IPO explorer to a consolidated ASX-listed group in October 2023. The FY2023 asset and cash expansion coincided with the listing and FMSL combination, while the FY2024 result includes a $22.1 million exploration impairment and Mustang deconsolidation. These events change the scope behind the year-to-year figures.
The group remains exploration-stage. FY2025 shows a smaller statutory loss than FY2024, but operating cash outflow continued and year-end current borrowings reached $2.06 million. The auditor again identified a material uncertainty related to going concern, dependent on further funding.
Events behind the numbers
FY2022
US project expansion
Panther Lithium joined the group structure in April; its Black Mountain option agreement followed in July.
FY2023
ASX listing and FMSL
Chariot listed on 27 October after a $9 million IPO and held a 79.4% beneficial interest in FMSL at year-end.
FY2024
Impairment and deconsolidation
The annual result included a $22.1 million exploration impairment and a $5.12 million gain on deconsolidating Mustang.
FY2025
New finance and identity
The group added a working-capital facility and a secured loan, then adopted the Chariot Resources name in December.
FINANCIAL REVIEW / 01
Profit or loss and ownership attribution
The FY2024 loss is dominated by the exploration impairment. FY2025 finance costs rise with new funding arrangements; the FY2021 parent-only column should be read as a different reporting perimeter.
The comprehensive-loss table follows the profit-or-loss and OCI statements: $(27,540,271) in FY2024 and $(5,867,564) in FY2025. The statement of changes in equity instead prints $(27,588,302) and $(5,835,878). The absolute differences are $48,031 and $31,686 respectively; their basis is unresolved, so neither source-reported total has been adjusted.
Statutory loss by year
AUD $ (units)
Loss for the year (net)
AI-generated presentation · values from Statutory profit or loss; no missing values plotted as zero.
Statutory profit or loss
AUD $ (units)
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Other income | 12,000 | 2,130 | 32,940 | 38,871 | 65,581 |
| Gain on sale | Not separately presented | Not separately presented | 700,000 | nil | nil |
| Gross profit subtotal (as presented) | Not separately presented | Not separately presented | 732,940 | 38,871 | 65,581 |
| Exploration expenses | -134,383 | -1,576,293 | -3,067,977 | -3,195,290 | -870,496 |
| Corporate and administrative expenses | Not separately presented | -596,177 | -1,810,891 | -1,665,759 | -1,398,844 |
| Directors' fees | -48,000 | -521,000 | -517,854 | -592,900 | -561,344 |
| Legal and consulting fees | -110,996 | -500,451 | -1,303,722 | -226,083 | -534,394 |
| Audit and tax expenses | -11,500 | -160,727 | -373,229 | -164,877 | -72,481 |
| Share-based payments expense | -889,248 | -182,590 | -2,013,905 | -236,735 | -447,693 |
| Depreciation and amortisation | -4,170 | -21,595 | -60,886 | -33,654 | -38,417 |
| Impairment expense | Not separately presented | Not separately presented | nil | -22,100,000 | nil |
| Share of loss of associate | Not separately presented | Not separately presented | nil | -540,000 | nil |
| Fair value gain/(loss) | Not separately presented | Not separately presented | -172,715 | -48,073 | nil |
| Other operating expenses | -79,591 | -131,505 | -388,221 | -228,428 | -267,703 |
| Total expenses | Not separately presented | Not separately presented | -9,709,400 | -29,031,799 | -4,191,372 |
| Loss before interest and tax | -1,381,006 | -3,688,208 | -8,976,460 | -28,992,928 | -4,125,791 |
| Finance costs | -475 | -1,469 | -319 | -3,910 | -1,179,232 |
| Loss before income tax | -1,381,481 | -3,689,677 | -8,976,779 | -28,996,838 | -5,305,023 |
| Income tax expense | nil | nil | nil | -324,109 | nil |
| Loss from continuing operations | Not separately presented | Not separately presented | -8,976,779 | -29,320,947 | -5,305,023 |
| Profit/(loss) from discontinued operations | Not separately presented | Not separately presented | 447,496 | -3,801,982 | nil |
| Loss for the year (net) | -1,381,481 | -3,689,677 | -8,529,283 | -27,999,290 | -5,305,023 |
| Gain on deconsolidation of Mustang Lithium | Not applicable | Not applicable | nil | 5,123,639 | nil |
Expenses and losses are negative. FY2021 is parent-only; FY2022 onward consolidated. The FY2023 and FY2024 discontinued-operation lines are shown separately from the continuing result. Not separately presented denotes an unresolved distinct line in that year. Not applicable is used only for an event-specific or parent-only coordinate; nil requires an issuer-supported zero.
Basis and presentation notes (19)
- Gain on sale / FY2021 — Not separately presented: The selected FY2021 parent-only statement does not separately present this exact line; later line placement cannot be backcast.
- Gain on sale / FY2022 — Not separately presented: The selected FY2022 consolidated statement does not separately present this exact line; later line placement cannot be backcast.
- Gross profit subtotal (as presented) / FY2021 — Not separately presented: The selected FY2021 parent-only statement does not separately present this exact line; later line placement cannot be backcast.
- Gross profit subtotal (as presented) / FY2022 — Not separately presented: The selected FY2022 consolidated statement does not separately present this exact line; later line placement cannot be backcast.
- Corporate and administrative expenses / FY2021 — Not separately presented: The selected FY2021 parent-only statement does not separately present this exact line; later line placement cannot be backcast.
- Impairment expense / FY2021 — Not separately presented: The selected FY2021 parent-only statement does not separately present this exact line; later line placement cannot be backcast.
- Impairment expense / FY2022 — Not separately presented: The selected FY2022 consolidated statement does not separately present this exact line; later line placement cannot be backcast.
- Share of loss of associate / FY2021 — Not separately presented: The selected FY2021 parent-only statement does not separately present this exact line; later line placement cannot be backcast.
- Share of loss of associate / FY2022 — Not separately presented: The selected FY2022 consolidated statement does not separately present this exact line; later line placement cannot be backcast.
- Fair value gain/(loss) / FY2021 — Not separately presented: The selected FY2021 parent-only statement does not separately present this exact line; later line placement cannot be backcast.
- Fair value gain/(loss) / FY2022 — Not separately presented: The selected FY2022 consolidated statement does not separately present this exact line; later line placement cannot be backcast.
- Total expenses / FY2021 — Not separately presented: The selected FY2021 parent-only statement does not separately present this exact line; later line placement cannot be backcast.
- Total expenses / FY2022 — Not separately presented: The selected FY2022 consolidated statement does not separately present this exact line; later line placement cannot be backcast.
- Loss from continuing operations / FY2021 — Not separately presented: The selected FY2021 parent-only statement does not separately present this exact line; later line placement cannot be backcast.
- Loss from continuing operations / FY2022 — Not separately presented: The selected FY2022 consolidated statement does not separately present this exact line; later line placement cannot be backcast.
- Profit/(loss) from discontinued operations / FY2021 — Not separately presented: The selected FY2021 parent-only statement does not separately present this exact line; later line placement cannot be backcast.
- Profit/(loss) from discontinued operations / FY2022 — Not separately presented: The selected FY2022 consolidated statement does not separately present this exact line; later line placement cannot be backcast.
- Gain on deconsolidation of Mustang Lithium / FY2021 — Not applicable: This line names the FY2024 Mustang Lithium deconsolidation gain (R002269); it is not a FY2021 event or amount.
- Gain on deconsolidation of Mustang Lithium / FY2022 — Not applicable: This line names the FY2024 Mustang Lithium deconsolidation gain (R002269); it is not a FY2022 event or amount.
Source: Chariot annual financial reports; packet facts and selected issuer table rows.
Attribution of loss and comprehensive result
AUD $ (units)
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Loss attributable to equity holders of the parent | -1,381,481 | -3,406,323 | -8,155,937 | -23,790,950 | -5,153,215 |
| Loss attributable to non-controlling interests | Not applicable | -283,354 | -373,346 | -4,208,340 | -151,808 |
| Total comprehensive loss for the year | -1,374,808 | -1,727,668 | -9,369,675 | -27,540,271 | -5,867,564 |
Non-controlling interests begin with the consolidated FY2022 statement. Total comprehensive loss here uses the profit-or-loss/OCI statement; FY2024 and FY2025 equity-statement total-comprehensive rows differ, as detailed above.
Basis and presentation notes (1)
- Loss attributable to non-controlling interests / FY2021 — Not applicable: FY2021 is a parent-entity-only statement; a non-controlling-interest attribution or equity balance applies to later consolidated statements, not this parent-only column.
Source: Chariot annual financial reports; packet facts and selected issuer table rows.
Per-share result
Mixed units (see row labels)
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Basic loss per sharecents/share | -4.62 | -4.66 | -9.93 | -15.70 | -2.91 |
| Weighted average ordinary shares - basicshares | 29,920,823 | 73,055,313 | 82,124,602 | 151,553,657 | 177,212,003 |
| Loss labelled as used in EPS noteAUD $ (units) | -1,381,481 | -3,406,323 | -8,155,937 | -23,790,949 | -5,305,023 |
Basic and diluted loss per share were equal in the disclosed years. The FY2025 EPS note labels total loss $5,305,023 as the EPS numerator, while reported 2.91 cents on 177,212,003 shares aligns with the parent-attributable loss of $5,153,215; this source inconsistency remains explicitly qualified.
Source: Chariot annual financial reports; packet facts and selected issuer table rows.
FINANCIAL REVIEW / 02
Assets, liabilities and liquidity
Current assets contracted after the FY2023 listing year and were below current liabilities at the last two balance dates. The FY2023 current figures include assets and liabilities held for distribution, making the liquidity mix different from later years.
Cash and exploration carrying amount
AUD $ (units)
Cash and cash equivalentsCapitalised exploration expenditure
AI-generated presentation · values from Consolidated financial position and liquidity; no missing values plotted as zero.
Consolidated financial position and liquidity
AUD $ (units)
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Cash and cash equivalents | 2,304,849 | 2,290,658 | 7,624,100 | 673,164 | 771,079 |
| Trade and other receivables | 51,721 | 59,173 | 361,251 | 227,997 | 212,187 |
| Other current assets | 23,206 | nil | 471,101 | 228,014 | 50,782 |
| Total current assets | 2,379,776 | 2,349,831 | 17,594,160 | 1,129,175 | 1,034,048 |
| Capitalised exploration expenditure | nil | 991,373 | 27,247,835 | 9,718,683 | 9,577,085 |
| Plant and equipment carrying amount | 12,060 | 11,481 | 127,447 | 163,443 | 119,801 |
| Total assets | 4,120,659 | 7,619,529 | 45,152,699 | 11,224,439 | 10,821,639 |
| Trade and other payables (current) | 226,284 | 888,906 | 1,482,817 | 3,509,010 | 2,375,866 |
| Loans and borrowings (current) | Not separately presented | Not separately presented | Not separately presented | Not separately presented | 2,064,884 |
| Total current liabilities | 254,819 | 912,544 | 12,289,863 | 3,509,010 | 4,440,750 |
| Total non-current liabilities | 22,084 | 8,888 | 29,400 | 36,152 | 59,385 |
| Total liabilities | 276,903 | 921,432 | 12,319,262 | 3,545,161 | 4,500,135 |
| Net assets / Total equity | 3,843,756 | 6,698,097 | 32,833,436 | 7,679,278 | 6,321,504 |
FY2021 is the parent-only balance sheet. The 2023 current totals include held-for-distribution balances. FY2024 plant and equipment uses the 2024 current-year statement (163,443); the 2025 comparative prints 163,442, a one-dollar source discrepancy.
Basis and presentation notes (4)
- Loans and borrowings (current) / FY2021 — Not separately presented: The selected FY2021 statement does not separately resolve Loans and borrowings (current); a missing distinct line is not treated as nil or issuer non-disclosure.
- Loans and borrowings (current) / FY2022 — Not separately presented: The selected FY2022 statement does not separately resolve Loans and borrowings (current); a missing distinct line is not treated as nil or issuer non-disclosure.
- Loans and borrowings (current) / FY2023 — Not separately presented: The selected FY2023 statement does not separately resolve Loans and borrowings (current); a missing distinct line is not treated as nil or issuer non-disclosure.
- Loans and borrowings (current) / FY2024 — Not separately presented: The selected FY2024 statement does not separately resolve Loans and borrowings (current); a missing distinct line is not treated as nil or issuer non-disclosure.
Source: Chariot annual financial reports; packet facts and selected issuer table rows.
FINANCIAL REVIEW / 03
Cash movements and funding
Operating cash remained negative in every year. The FY2025 cash balance rose modestly because financing inflows exceeded operating and investing outflows, with both share proceeds and borrowings contributing.
Operating cash use and financing cash inflow
AUD $ (units)
Net cash used in operating activitiesNet cash provided by financing activities
AI-generated presentation · values from Cash flow statement summary; no missing values plotted as zero.
Cash flow statement summary
AUD $ (units)
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Net cash used in operating activities | -503,971 | -2,803,919 | -6,724,424 | -6,916,250 | -3,498,629 |
| Net cash used in investing activities | -1,682,828 | -1,587,252 | -1,394,760 | -1,476,734 | -627,083 |
| Net cash provided by financing activities | 4,491,622 | 4,376,980 | 13,479,263 | 1,427,258 | 4,231,885 |
| Net increase/(decrease) in cash and cash equivalents | 2,304,823 | -14,191 | 5,360,079 | -6,965,726 | 106,173 |
| Cash and cash equivalents at year-end | 2,304,849 | 2,290,658 | 7,624,100 | 673,164 | 771,079 |
Cash flows are signed: outflows negative, inflows positive. Net cash movement precedes separately reported exchange effects.
Source: Chariot annual financial reports; packet facts and selected issuer table rows.
Named exploration and investing cash uses
AUD $ (units)
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Payments for investment (FMSL named through FY2024) | -1,668,155 | -588,522 | -1,455,622 | -1,493,053 | -298,484 |
| Acquisition of mining tenements (investing) | Not separately presented | -991,373 | -841,104 | nil | -513,254 |
| PP&E purchases (investing) | -12,630 | -6,447 | -139,798 | nil | Not separately presented |
| Exploration expenses paid (operating) | -134,383 | -1,365,366 | -3,041,340 | -3,770,761 | -1,260,217 |
The investment-payment line names FMSL in FY2021-FY2024; FY2025 calls it only payments for investment. Tenement acquisition is investing cash flow. Exploration expense paid is operating cash flow. PP&E purchases are cash payments, not period-end PP&E assets.
Basis and presentation notes (2)
- Acquisition of mining tenements (investing) / FY2021 — Not separately presented: The selected FY2021 statement does not separately resolve Acquisition of mining tenements (investing); a missing distinct line is not treated as nil or issuer non-disclosure.
- PP&E purchases (investing) / FY2025 — Not separately presented: The selected FY2025 statement does not separately resolve PP&E purchases (investing); a missing distinct line is not treated as nil or issuer non-disclosure.
Source: Chariot annual financial reports; packet facts and selected issuer table rows.
Financing cash components
AUD $ (units)
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Proceeds from issue of shares | 4,550,470 | 4,711,496 | 9,000,000 | 1,468,400 | 2,135,136 |
| Reported share and option cash proceeds (combined view) | 4,550,470 | 4,711,496 | 14,445,257 | 1,568,400 | 2,135,136 |
| Proceeds from exercise of options | Not separately split | Not separately split | 5,445,257 | 100,000 | Not separately split |
| Share issue costs | -151,398 | -305,477 | -869,026 | -141,142 | -315,684 |
| Proceeds from borrowings | 400,000 | nil | Not separately presented | nil | 3,532,000 |
| Repayment of borrowings | -300,000 | nil | -73,330 | nil | -864,629 |
| Repayment of lease liabilities | -7,450 | -29,039 | -23,638 | nil | Not separately presented |
| Borrowing costs | Not separately presented | Not separately presented | Not separately presented | Not separately presented | -254,938 |
FY2024 current-year statement separates $1,468,400 share proceeds and $100,000 option proceeds; FY2025 comparative combines them as $1,568,400 share proceeds. The components shown follow the earlier current-year classification.
The combined equity-proceeds row is an alternative view of the share and option component rows, not an additional cash inflow. FY2023 and FY2024 add same-statement share and option receipts; FY2021, FY2022 and FY2025 retain their reported unsplit share-proceeds line. Option amounts for those unsplit years are not inferred. FY2021 is parent-only. AUD presentation follows the issuer-policy qualification in the report limitations despite inconsistent packet currency metadata.
Basis and presentation notes (9)
- Proceeds from exercise of options / FY2021 — Not separately split: The FY2021 cash-flow statement reports share-issue proceeds but no separately resolved option-exercise line. The combined equity-proceeds row displays the reported total; it does not assign an option amount to this period.
- Proceeds from exercise of options / FY2022 — Not separately split: The FY2022 cash-flow statement reports share-issue proceeds but no separately resolved option-exercise line. The combined equity-proceeds row displays the reported total; it does not assign an option amount to this period.
- Proceeds from exercise of options / FY2025 — Not separately split: The FY2025 cash-flow statement reports share-issue proceeds but no separately resolved option-exercise line. The combined equity-proceeds row displays the reported total; it does not assign an option amount to this period.
- Proceeds from borrowings / FY2023 — Not separately presented: The selected FY2023 statement does not separately resolve Proceeds from borrowings; a missing distinct line is not treated as nil or issuer non-disclosure.
- Repayment of lease liabilities / FY2025 — Not separately presented: The selected FY2025 statement does not separately resolve Repayment of lease liabilities; a missing distinct line is not treated as nil or issuer non-disclosure.
- Borrowing costs / FY2021 — Not separately presented: The selected FY2021 statement does not separately resolve Borrowing costs; a missing distinct line is not treated as nil or issuer non-disclosure.
- Borrowing costs / FY2022 — Not separately presented: The selected FY2022 statement does not separately resolve Borrowing costs; a missing distinct line is not treated as nil or issuer non-disclosure.
- Borrowing costs / FY2023 — Not separately presented: The selected FY2023 statement does not separately resolve Borrowing costs; a missing distinct line is not treated as nil or issuer non-disclosure.
- Borrowing costs / FY2024 — Not separately presented: The selected FY2024 statement does not separately resolve Borrowing costs; a missing distinct line is not treated as nil or issuer non-disclosure.
Source: Chariot annual financial reports; packet facts and selected issuer table rows.
Tax and financing costs paid
AUD $ (units)
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Income taxes paid | Not separately presented | Not separately presented | Not separately presented | -216,441 | nil |
| Interest paid (operating) | Not separately presented | Not separately presented | Not separately presented | Not separately presented | -331,200 |
Only years with separately identified cash lines are populated; absent lines are not interpreted as zero.
Basis and presentation notes (7)
- Income taxes paid / FY2021 — Not separately presented: The selected FY2021 statement does not separately resolve Income taxes paid; a missing distinct line is not treated as nil or issuer non-disclosure.
- Income taxes paid / FY2022 — Not separately presented: The selected FY2022 statement does not separately resolve Income taxes paid; a missing distinct line is not treated as nil or issuer non-disclosure.
- Income taxes paid / FY2023 — Not separately presented: The selected FY2023 statement does not separately resolve Income taxes paid; a missing distinct line is not treated as nil or issuer non-disclosure.
- Interest paid (operating) / FY2021 — Not separately presented: The selected FY2021 statement does not separately resolve Interest paid (operating); a missing distinct line is not treated as nil or issuer non-disclosure.
- Interest paid (operating) / FY2022 — Not separately presented: The selected FY2022 statement does not separately resolve Interest paid (operating); a missing distinct line is not treated as nil or issuer non-disclosure.
- Interest paid (operating) / FY2023 — Not separately presented: The selected FY2023 statement does not separately resolve Interest paid (operating); a missing distinct line is not treated as nil or issuer non-disclosure.
- Interest paid (operating) / FY2024 — Not separately presented: The selected FY2024 statement does not separately resolve Interest paid (operating); a missing distinct line is not treated as nil or issuer non-disclosure.
Source: Chariot annual financial reports; packet facts and selected issuer table rows.
FINANCIAL REVIEW / 04
Equity funding and shareholder returns
Issued capital increased around the 2023 IPO and option exercise, and again with 2025 equity funding. No dividends were paid or declared in the annual report claims reviewed for the period.
Issued capital and accumulated losses
AUD $ (units)
Issued capitalAccumulated losses
AI-generated presentation · values from Equity at each balance date; no missing values plotted as zero.
Equity at each balance date
AUD $ (units)
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Issued capital | 4,002,742 | 8,205,497 | 39,093,887 | 39,954,396 | 41,953,329 |
| Share-based payments reserve | 1,255,796 | 1,635,050 | 1,579,764 | 1,160,274 | 3,601,804 |
| Fair value reserve | 6,673 | 1,968,682 | 1,036,784 | 1,036,784 | 1,036,784 |
| Foreign translation reserve | Not separately presented | Not separately presented | 91,506 | 550,525 | -12,016 |
| Accumulated losses | -1,421,455 | -4,827,778 | -14,088,642 | -36,710,653 | -41,826,227 |
| Non-controlling interests | Not applicable | -283,354 | 5,120,137 | 1,687,952 | 1,567,830 |
| Total equity | 3,843,756 | 6,698,097 | 32,833,436 | 7,679,278 | 6,321,504 |
FY2024 closing balances use the FY2024 current-year balance sheet or equity roll-forward, not its FY2023 comparative. FY2025 rows come from the selected 2025 balance sheet. Parent-only FY2021 has no NCI.
Basis and presentation notes (3)
- Foreign translation reserve / FY2021 — Not separately presented: The selected FY2021 statement does not separately resolve Foreign translation reserve; a missing distinct line is not treated as nil or issuer non-disclosure.
- Foreign translation reserve / FY2022 — Not separately presented: The selected FY2022 statement does not separately resolve Foreign translation reserve; a missing distinct line is not treated as nil or issuer non-disclosure.
- Non-controlling interests / FY2021 — Not applicable: FY2021 is a parent-entity-only statement; a non-controlling-interest attribution or equity balance applies to later consolidated statements, not this parent-only column.
Source: Chariot annual financial reports; packet facts and selected issuer table rows.
FINANCIAL REVIEW / 05
Capitalised exploration and mineral resource
The exploration asset rose sharply when FMSL entered the consolidated group in 2023, then fell with the FY2024 impairment. Additions in the roll-forward are accrual-basis asset movements; they are distinct from cash payments in the cash flow section.
Capitalised exploration closing balance
AUD $ (units)
Closing balance
AI-generated presentation · values from Capitalised exploration asset roll-forward; no missing values plotted as zero.
Capitalised exploration asset roll-forward
AUD $ (units)
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Opening balance | Not separately presented | Not separately presented | 991,373 | 27,247,835 | 9,718,683 |
| Expenditure on acquisition of mining tenements | Not separately presented | Not separately presented | 1,244,419 | 261,958 | 195,196 |
| BMLC option payments and other acquisition costs | Not separately presented | Not separately presented | 2,571,450 | 3,684,062 | 281,083 |
| Exploration asset recognised on consolidation of FMSL | Not applicable | Not applicable | 22,440,593 | nil | Not applicable |
| Less provision for impairment | Not separately presented | Not separately presented | nil | -22,100,000 | nil |
| Exchange differences | Not separately presented | Not separately presented | nil | 624,828 | -617,877 |
| Closing balance | nil | 991,373 | 27,247,835 | 9,718,683 | 9,577,085 |
The FY2021 parent-only balance sheet reports nil capitalised exploration; the FY2022 closing balance is disclosed, but opening and individual movement lines were not resolved in the selected extraction. The FY2023 consolidation recognition and FY2024 impairment are separate from cash investing flows.
The A$22,440,593 FMSL consolidation recognition is specific to FY2023; other non-comparative years are not applicable to that transaction. Other unresolved opening/component movements remain not separately presented.
Basis and presentation notes (13)
- Opening balance / FY2021 — Not separately presented: The FY2021 selected roll-forward does not resolve this movement separately. FY2021 is parent-only and FY2022's closing exploration balance alone cannot identify opening or component movements; no balancing amount is inserted.
- Opening balance / FY2022 — Not separately presented: The FY2022 selected roll-forward does not resolve this movement separately. FY2021 is parent-only and FY2022's closing exploration balance alone cannot identify opening or component movements; no balancing amount is inserted.
- Expenditure on acquisition of mining tenements / FY2021 — Not separately presented: The FY2021 selected roll-forward does not resolve this movement separately. FY2021 is parent-only and FY2022's closing exploration balance alone cannot identify opening or component movements; no balancing amount is inserted.
- Expenditure on acquisition of mining tenements / FY2022 — Not separately presented: The FY2022 selected roll-forward does not resolve this movement separately. FY2021 is parent-only and FY2022's closing exploration balance alone cannot identify opening or component movements; no balancing amount is inserted.
- BMLC option payments and other acquisition costs / FY2021 — Not separately presented: The FY2021 selected roll-forward does not resolve this movement separately. FY2021 is parent-only and FY2022's closing exploration balance alone cannot identify opening or component movements; no balancing amount is inserted.
- BMLC option payments and other acquisition costs / FY2022 — Not separately presented: The FY2022 selected roll-forward does not resolve this movement separately. FY2021 is parent-only and FY2022's closing exploration balance alone cannot identify opening or component movements; no balancing amount is inserted.
- Exploration asset recognised on consolidation of FMSL / FY2021 — Not applicable: This is the one-off FY2023 FMSL consolidation recognition of A$22,440,593 (R001511), not a FY2021 asset-recognition movement. FY2024's own comparative is reported nil separately.
- Exploration asset recognised on consolidation of FMSL / FY2022 — Not applicable: This is the one-off FY2023 FMSL consolidation recognition of A$22,440,593 (R001511), not a FY2022 asset-recognition movement. FY2024's own comparative is reported nil separately.
- Exploration asset recognised on consolidation of FMSL / FY2025 — Not applicable: This is the one-off FY2023 FMSL consolidation recognition of A$22,440,593 (R001511), not a FY2025 asset-recognition movement. FY2024's own comparative is reported nil separately.
- Less provision for impairment / FY2021 — Not separately presented: The FY2021 selected roll-forward does not resolve this movement separately. FY2021 is parent-only and FY2022's closing exploration balance alone cannot identify opening or component movements; no balancing amount is inserted.
- Less provision for impairment / FY2022 — Not separately presented: The FY2022 selected roll-forward does not resolve this movement separately. FY2021 is parent-only and FY2022's closing exploration balance alone cannot identify opening or component movements; no balancing amount is inserted.
- Exchange differences / FY2021 — Not separately presented: The FY2021 selected roll-forward does not resolve this movement separately. FY2021 is parent-only and FY2022's closing exploration balance alone cannot identify opening or component movements; no balancing amount is inserted.
- Exchange differences / FY2022 — Not separately presented: The FY2022 selected roll-forward does not resolve this movement separately. FY2021 is parent-only and FY2022's closing exploration balance alone cannot identify opening or component movements; no balancing amount is inserted.
Source: Chariot annual financial reports; packet facts and selected issuer table rows.
Mineral Resource classification table disclosed in FY2024
Mixed resource units (see each row)
| Metric | Indicated | Inferred | Total |
|---|---|---|---|
| Mineral Resource tonnageMt | 373 | 2,454 | 2,827 |
| Lithium gradeppm Li | 669 | 680 | 679 |
| Contained lithiumMt Li | 0.25 | 1.67 | 1.92 |
| Contained lithium carbonate equivalentMt LCE | 1.33 | 8.88 | 10.21 |
Snapshot from a selected FY2024 Directors’ Report table; not an annual production series. The table itself does not name the project or effective estimate date, so neither is assigned here.
Source: Chariot annual financial reports; packet facts and selected issuer table rows.
Reading the figures
- FY2021 is parent-only while FY2022-FY2025 are consolidated; those amounts are not a constant-perimeter series.
- The FY2025 EPS note labels total loss $5,305,023 as the EPS numerator, while the reported 2.91 cents and 177,212,003 weighted-average shares align with the parent-attributable $5,153,215; this source inconsistency is unresolved.
- The FY2024 and FY2025 profit-or-loss/OCI total-comprehensive rows differ from the statement-of-changes-in-equity rows by $48,031 and $31,686 respectively. The report displays the former in its attribution table and preserves the latter as separate source evidence; no reconciliation is inferred.
- The selected 2025 balance sheet presents dollar symbols without a currency code; earlier annual extracted policy statements explicitly say Australian dollars. Packet currency metadata for 2025 is inconsistent, so the source table and policy statements govern the displayed AUD classification.
- FY2024 plant and equipment differs by one dollar between its current-year statement and the FY2025 comparative; the current-year FY2024 amount is displayed.
- The selected FY2024 Mineral Resource classification table does not name its project or effective date. Its values are shown without assigning them to Resurgent or Horizon.
Annual-report source registry
- Chariot Annual Report for the year ended 31 December 2021Year ended 2021-12-31; report date 2023-10-25. Parent-only statements.
- Chariot Annual Financial Report Year Ended 31 December 2022Year ended 2022-12-31; report date 2023-10-25. Consolidated statements.
- Annual Report to shareholdersYear ended 2023-12-31; report date 2024-03-27. Consolidated statements.
- Annual Report to shareholdersYear ended 2024-12-31; report date 2025-03-28. Consolidated statements.
- Annual Report to shareholdersYear ended 2025-12-31; report date 2026-03-30. Consolidated statements.
Prepared from the existing annual extraction datasets, supplemented only by selected same-company annual-report tables and saved row interpretations. No new raw-document extraction or web financial research was used for this test.
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AI-led method
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