In the dynamic realm of battery metals, a sector at the heart of the thriving electric and fuel cell vehicle markets, continuous growth and innovation prevail. As the world makes its transition towards sustainable energy solutions, companies such as Recharge Resources (Trading under the ticker symbols RR.c or RECHF for US investors) stand at the forefront of exploration and development in the high-value battery metals domain.
Recharge Resources is driven by a mission to create sustainable, environmentally friendly energy solutions tailored to meet the ever-evolving demands of the automotive industry. Their notable initiative, the Pocitos 1 Lithium Brine Project, is strategically situated near Pocitos in Salta Province, Argentina, spanning an extensive 800-hectare territory that boasts convenient road access.
The Pocitos 1 Project has witnessed substantial investment, surpassing the $2.0 million mark, which has fueled an array of comprehensive exploration endeavors. These include surface sampling, trenching, TEM and MT geophysics, and the drilling of three wells, all of which have yielded promising results in terms of brine flow. Furthermore, it's worth mentioning that the Pocitos 1 project benefits from the support of a comprehensive NI 43-101 report.
At present, Recharge Resources is in the final stages of engineering work, aimed at producing and assaying the lithium carbonate derived from this project. The Company also recently shared their drilling plans for the Pocitos 1, signaling their intent to conduct three additional drilling operations.
Additional drilling based on the project's upcoming resource estimate and MT survey results is being done to expand the project's resource. Recharge aims to reclassify the resource from inferred to measured and, subsequently, to proven and probable.
Recharge Resources also plans to expand one well so that its diameter is big enough for future lithium carbonate/lithium chloride production.
Full Press 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.