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Recharge Metals Limited (ASX:REC)

ALERT: Price-sensitive ASX Announcement for REC
Current share price for REC : $0.033 0.014 (73.68%)+
Announcement
Release
17 Aug 2026 9:02AM
Price at Release
$0.019
Full Release
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Summary
Recharge Metals Limited announced the confirmation of a heritage survey scheduled for late August 2026 at their Sunset Well Project in Leonora, Western Australia, marking a significant milestone prior to commencing their maiden 30,000m drilling program in early Q4 2026. The Prospero Deposit, a focal point of the project, hosts an inferred mineral resource of 2.87 million tonnes at 1.0 g/t gold, totaling 94,500 ounces. A mining lease application has been submitted, encompassing an area suitable for future open pit mining operations. Recharge Metals maintains a strong financial position with $5.6 million available in cash, and the company continues to work collaboratively with the Darlot Traditional Owners to progress the heritage survey. The mining lease application covers 1,162 hectares, planning for the development of necessary infrastructure for the Prospero Deposit.
Key Points
  • Scheduled heritage survey in late August 2026 at Sunset Well Project, Leonora, WA.
  • Maiden 30,000m drilling program to start in early Q4 2026 at the Prospero Deposit.
  • Prospero Deposit contains an inferred mineral resource of 2.87Mt @ 1.0 g/t Au for 94,500 oz Au.
  • A mining lease application has been submitted for the Prospero Deposit.
  • Recharge Metals has approximately $5.6 million cash at bank.
  • The company is collaborating with the Darlot Traditional Owners for the heritage survey.
  • Mining Lease Application submitted covers 1,162Ha for future open pit mining activities.
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.