Chariot Resources Limited

Description

Chariot is a TSX listed resource company focused on the exploration, acquisition and development of copper and precious metal mineral deposits in the Andes region of Latin America with the objective of becoming a mid-tier metals producer within the next five years. Management of the company possess proven discovery and development expertise in Latin America. The objective of the company is to provide high returns to its shareholders through the successful discovery, acquisition and profitable development of copper and precious metal resources whilst maintaining its responsibilities to local communities and the environment. Chariot Resources Limited was incorporated as Hyperion Resources Corp. on 12 November, 1996, under the Business Corporations Act of the Yukon Territory. The Company changed its name to Chariot Resources in May 2002. In July 2002 Chariot announced the acquisition of several exploration prospects in Peru, signalling its intention to focus on resource opportunities in the Andean region of South America. Recent big discoveries and the development of low cost "major" mining operations underpin this region as one of the premier mining centres in the world today. Current directors, Alex Black and Bob Baxter took control of the company during 2003, invited Ulli Rath to the board and at the time, set a strategy to make a significant acquisition for the company. In August 2004, Chariot announced that it had formally signed agreements with Rio Tinto and their joint...

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