InvestSMART

Recharge Metals Limited (ASX:REC)

ALERT: Price-sensitive ASX Announcement for REC
Current share price for REC : $0.020 -0.005 (-20%)+
Announcement
Release
22 Jun 2026 8:53AM
Price at Release
$0.025
Full Release
download
Summary
Recharge Metals Limited (ASX: REC) has signed a Heritage Protection Agreement with the Watarra Aboriginal Corporation for the Sunset Well Gold Project in Leonora, Western Australia. This agreement allows them to proceed with a 30,000-meter drill program targeting the Prospero Deposit, which has an inferred mineral resource of 94,500 ounces of gold. The company is well-funded with $6 million in cash and is preparing for aggressive exploration activities, while ensuring that cultural heritage is preserved. Key upcoming activities include a heritage survey and further geochemical assay reviews.
Key Points
  • Recharge Metals Limited has executed a Heritage Protection Agreement with Watarra Aboriginal Corporation.
  • The agreement pertains to the Sunset Well Gold Project in Leonora, Western Australia.
  • A 30,000-meter drill program targeting the Prospero Deposit is set to begin.
  • The Prospero Deposit holds an inferred mineral resource of 2.87 million tonnes at 1.0 g/t Au for 94,500 ounces of gold.
  • Significant past drill results include high-grade gold intercepts.
  • The company has approximately $6 million in cash to fund exploration activities.
  • The agreement ensures exploration protects cultural heritage and supports project advancement.
  • Future steps include conducting a heritage survey, reviewing soil geochemical assays, and progressing pending tenement grants.
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.