** 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))