Post by
MarketMakerss on Dec 01, 2023 2:58pm
Billionaire Swaps Gold for Lithium
With this in mind, Recharge Resources (RR.c RECHF) is poised for substantial growth as it pushes toward commercial production with a range of upcoming milestones at its Pocitos One Lithium Brine Project in Salta, Argentina.
Having completed drilling the third hole at Pocitos which achieved 169ppm lithium assay, RR is currently awaiting permits for its upcoming 3-well drill program to expand on the maiden resource and reclassify it to the proven and probable category.
Recently, RR announced the appointment of Philip Thomas, who has 20+ years of experience in Argentina, including the exploration and development of Rincon's Pilot Plant which was recently sold to Rio Tinto for $825M, as its Chief Operating Officer and Director.
Having worked on the project since 2017, Philip is RR's Qualified Person for the development of Pocitos, was the author of the NI 43-101 Maiden Report, and has extensive experience with Ekosolve's Direct Lithium Extraction Process, which achieved 94.92% extraction of lithium and produced 99.89% purity lithium carbonate at Pocitos.
RR's David Greenway, President, and CEO commented,
“I am delighted that Phillip is joining the team and we expect he will be able to make a significant contribution towards our goal of producing 20,000 tonnes of lithium carbonate per year. His indepth country knowledge of Argentina, and depth of experience is very rare to find. His appointment should make for an exciting next period for Recharge and its stakeholders at the Pocitos Project.”
Posted on behalf of Recharge Resources Ltd.
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