New Risk • Jun 03
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: AU$13.6m (US$9.76m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (19% average weekly change). Earnings have declined by 45% per year over the past 5 years. Shareholders have been substantially diluted in the past year (43% increase in shares outstanding). Revenue is less than US$1m (AU$66k revenue, or US$47k). Market cap is less than US$10m (AU$13.6m market cap, or US$9.76m). Announcement • May 30
Chariot Resources Ltd Announces Board Changes, Effective May 29, 2026 Chariot Resources Ltd. advised shareholders of a change to the Board composition, effective May 29, 2026, following the close of the Annual General Meeting. The Board announced the appointment of Mr. Philip Nolis as a Non-Executive Director of Chariot Resources Ltd, effective at the conclusion of the AGM. Mr. Nolis is a highly experienced financial professional with more than 35 years of expertise spanning accounting, taxation, financial advisory, and capital markets. He has served as Managing Director of Southern Cross Financial Pty Ltd. since 2006 and previously with Exchequer Securities Pty Ltd. since 1997, where he has provided advisory services to both retail and wholesale clients across a range of financial and investment matters. Mr. Nolis has supported every equity capital raising conducted by Chariot since inception. Mr. Nolis holds a Bachelor of Business (Accounting) from Curtin University, a Diploma of Financial Services (Financial Planning), and a Public Practice Certificate with CPA Australia. Mr. Brendan Borg tendered his resignation as Non-Executive Director, effective at the conclusion of the AGM to be held on May 29, 2026. The Board acknowledged Mr. Borg’s meaningful role in advancing the proposed acquisition of the Nigerian lithium portfolio, which remains a key strategic priority for the Company. Further to Mr. Borg’s resignation, Resolution 2 at the AGM which sought shareholder approval for his election as a Director was withdrawn from the AGM agenda. The Company referred shareholders to the Notice of Meeting released to ASX on April 29, 2026 for the original resolution details. Announcement • May 01
Chariot Resources Ltd, Annual General Meeting, May 29, 2026 Chariot Resources Ltd, Annual General Meeting, May 29, 2026. Location: at level 5, 191 st georges terrace, perth wa 6000 Australia 
