** Shares of Chariot Corp dip as much as 23.2% to A$0.215, posting their biggest intraday pct loss ever
** Stock hits its lowest level since Oct 11
** Mineral explorer says it has received firm commitments for A$1.6 mln ($1.07 mln) placement
** Issue price of A$0.20 per share is at a 28.6% discount to stock's last close on Oct 16
** Co says funds raised will be used for phase 2 drilling at the Black Mountain lithium project, among others
** Stock down 60.2% YTD, as of 0032 GMT
($1 = 1.4903 Australian dollars)
(Reporting by Echha Jain in Bengaluru)
((Echha.jain@thomsonreuters.com))
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