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Recharge Metals Limited (ASX:REC)

ALERT: Price-sensitive ASX Announcement for REC
Current share price for REC : $0.017 -0.003 (-15%)+
Announcement
Release
15 Jun 2026 8:55AM
Price at Release
$0.020
Full Release
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Summary
Recharge Metals Limited has completed initial soil sampling and a gravity survey at the Sunset Well Gold Project in Western Australia, where the Prospero Deposit hosts an Inferred Mineral Resource. The company plans a 30,000m drill program targeting the Prospero Trend and Deposit, a site underexplored since the mid-1990s. They are negotiating a Heritage Protection Agreement with the Darlot People and have acquired four new exploration projects in the region. With $6 million in funding, Recharge aims to proceed with an aggressive exploration campaign, guided by their technical advisor, Brett Keillor, with assay results expected in July.
Key Points
  • Recharge Metals Limited completed soil sampling and a detailed gravity survey at the Sunset Well Gold Project.
  • The Sunset Well Project is located in the Leonora District of Western Australia and hosts the Prospero Deposit with an Inferred Mineral Resource of 2.87Mt @ 1.0g/t Au for 94,500 oz.
  • No substantial exploration has been conducted at Sunset Well since the mid-1990s.
  • Recharge Metals plans a maiden 30,000m drill program at the Prospero Trend and Deposit.
  • The company is negotiating a Heritage Protection Agreement with the Darlot People.
  • Recharge Metals acquired four new exploration projects in Western Australia.
  • The company has approximately $6 million in cash to fund exploration programs.
  • Soil sampling assay results are expected in July to identify priority drill targets.
  • Recharge's technical team, guided by Brett Keillor, has been involved in the project acquisitions.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.