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Recharge Resources Ltd C.RR

Alternate Symbol(s):  RECHF

Recharge Resources Ltd. is a Canadian mineral exploration company focused on exploring and developing the production of battery metals to create green, renewable energy to meet the demands of the electric vehicle and fuel cell vehicle market. The Company's projects include Brussels Creek, Murray Ridge (Pinchi Lake), Georgia Lake West & North, and Pocitos I - Salta, Argentina. Its Pocitos I is an approximately 800 hectares (ha) lithium brine project. Its Brussels Creek Project has around 17 claims (66 cells) covering 1,350.43 ha. The Brussels Creek Project is similar to New Afton, a silica-saturated copper-gold alkalic porphyry-style deposit. Its Murray Ridge and Pinchi Lake nickel projects consist of three separate claim blocks totaling 3,922.64 ha. The Company's Georgia Lake North & West lithium properties are contiguous and on trend with RockTech Lithium (RCK - CSE) Georgia Lake lithium property. Its Georgia Lake Property consists of two projects totaling 320 ha and 432 ha.


CSE:RR - Post by User

Post by 1StockInformeron Jan 02, 2024 7:21pm
128 Views
Post# 35807926

RR Secures Drill Permit for Expansion of Pocitos Project

RR Secures Drill Permit for Expansion of Pocitos Project

Recharge Resources Ltd. (Ticker: RR.c or RECHF for US investors) is focused on exploring and developing high-value battery metals to meet the growing demand in the electric vehicle and fuel cell vehicle market.


Its Pocitos Lithium Brine Project is an 800-hectare lithium brine project in the Salar de Pocitos, Argentina, part of the lithium-rich Puna region. It has infrastructure support and access to gas, electricity, and transportation. 

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The project's history involves exploration by various entities, with recent drilling revealing high brine flow rates and lithium values. 


Today, RR announced that it has received approval for a drill permit for two additional wells at its Pocitos.


The drill program aims to enhance the project's NI 43-101 Inferred Mineral Resource Estimate of 143,000 tonnes of lithium metal and 760,000 tonnes of lithium carbonate equivalent. 


The recently announced estimate indicates potential annual revenue of $338 million.


The company plans to upgrade the resource classification, collect data for a direct lithium extraction pilot plant, and gather pre-engineering pumping data. 


The project, located near Pocitos township, is paramount to RR's goal of establishing a 20,000-tonne-per-year Ekosolve™ plant for lithium carbonate production. 


Full News: https://recharge-resources.com/news/recharge-resources-issued-drill-permit-for-pocitos-two-drill-program-to-further-define-its-ni-43-101-inferred-mineral-resource-estimate-of-143000-tonnes-lithium-metal-760000-tonnes-lithium-carbonate/


Posted on behalf of Recharge Resources Ltd.

 
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