Recharge Resources Ltd C.RR

Pocitos Data Acquisition Completed

[MarketMakerss]

Recharge Resources (RR.c RECHF) announced today that it has completed the data acquisition of its Pocitos 1 Lithium Brine Project for the NI 43-101 Resource Estimate.

Utilizing previous drilling data and the June 2023 NI 43-101 technical report, WSP Australia is completing the resource estimate and building a resource model for the NI 43-101 update resource estimate.

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.

Notably, one of three wells will be drilled 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.

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.

The recent delivery of 99.89% grade lithium carbonate from RR's Pocitos 1 Lithium Brine Project using Ekosolve's lithium carbonate production system is a major milestone for the project as it far exceeds the purity requirement for battery grade lithium and is the quality for pharmaceutical grade.

As RR President and CEO, David Greenway, commented, these developments should make for an exciting next period for RR and its stakeholders at the project.

Full News Release: https://recharge-resources.com/news/recharge-completes-data-acquisition-of-pocitos-1-lithium-brine-project-for-ni-43-101-resource-estimate/

Posted on behalf of Recharge Resources Ltd.