Meeting the substantial lithium demand required by the 350 million EVs expected to be sold by 2030 is expected to be a global challenge that has created a robust market dependent on both advances in lithium extraction technology and new sources to come online. (Source: https://www.visualcapitalist.com/sp/tomorrows-lithium-demands/)
With a plan to drill 3 additional holes at its Pocitos 1 Lithium Brine Project following its delivery of 99.89% grade lithium carbonate, Recharge Resources (RR.c RECHF) has emerged as a high-potential contender in this industry.
Awaiting its much-anticipated NI 43-101, RR has positioned the 3 additional holes to expand on the maiden resource and to reclassify the resource from the indicated and inferred category to measured and finally to the proven and probable category.
Notably, one of three wells will be bore out to a production diameter in preparation for the installation of 4-6 other production wells to allow up to 20,000 tonnes per year of lithium carbonate/lithium chloride to be produced from the proposed plant at the Project.
RR President and CEO, David Greenway, commented:
"Recharge Resources is looking forward to its upcoming NI 43-101 compliant maiden resource estimate with follow on drilling with an objective of increasing the size and confidence of the resource as well as preparing the project for the company’s ultimate goal of being production ready in preparation of the construction of an Ekosolve plant at the Pocitos 1 Project.”
Spanning 800 hectares, lithium values of 169 ppm have been recorded at RR's Pocitos 1 Project and RR is currently awaiting the completion of process engineering work to produce and assay the lithium carbonate being produced.
This news follows the recent delivery of 99.89% grade lithium carbonate from RR's Pocitos 1 Lithium Brine Project using the Ekosolve lithium carbonate production system.
This is a major milestone from the Pocitos 1 Project, achieving 99.89% purity on the first wash and 99.99% purity lithium carbonate. Notably, this far exceeds the purity requirement for battery-grade lithium and is the quality for pharmaceutical grade.
For more information, refer to the latest news release: https://recharge-resources.com/news/recharge-production-well-and-resource-expansion-well-drilling-plan-at-the-pocitos-1-lithium-brine-project/
Posted on behalf of Recharge Resources Ltd.