(via TheNewswire)
The objective of this drill program will be to upgrade the recently announced NI 43-101 Inferred Mineral Resource Estimate (“MRE”) by providing drill hole, porosity and permeability data that was absent as the Pocitos 2 project has not been previously drilled. Given the drill hole spacing, the Company’s geologists will be targeting a proven and probable category as well as collecting pre-engineering pumping data in preparation for building aEkosolve™ direct lithium extraction (“DLE”) pilot plantand follow on full scale 20,000 tonne per year plant (“TPY”) at the project.
The recently announced MRE for the
See press release dated
The geophysics and block model prepared by WSP shows a sandy unit extending across Pocitos 2 that has higher porosity - refer Page 14-4 NI 43-101 Report“NI 43-101 Technical Report-Pocitos I and II,
WSP indicated in the Report at the
Figure 1: View of the pad and rig at Pocitos 1 in
About WSP
WSP is a leading global consultancy with expertise in hydrology and lithium brine resource estimates. WSP provides strategic advisory, engineering, and design services to clients seeking sustainable solutions in the transportation, infrastructure, environment, building, energy, water, and mining sectors. Its 67,000 trusted professionals are united by the common purpose of creating positive, long-lasting impacts on the communities it serves through a culture of innovation, integrity, and inclusion. In 2022, WSP reported
Figure 2: View of the mining road to exploration well PCT-22-01 (Pocitos I)
This is another milestone in the Company’s endeavour to build up to a 20,000-tonne Ekosolve™ direct lithium extraction plant at the Pocitos project in order to supply Richlink Capital Pty. Ltd. (“Richlink”) up to 20,000 tonnes of lithium carbonate per year, as previously announced under a letter of intent of offtake.
Figure 3: shows the location of the Project, and the road access to the project from Salta including the projects proximity to the Rincon project, originally explored and developed by Recharge’s COO and QP Phillip Thomas which was later sold to Rio Tinto for
About
The Company has published a NI 43-101 compliant Inferred Mineral Resource Estimate (MRE) for the
The full NI 43-101 Report dated December 18, 2023, and entitled “Technical Report For The Pocitos 1 and II,
Click Image To View Full Size
Figure 4. Pocitos Lithium Claim Map
Qualified Person
Phillip Thomas, BSc Geol, MBusM, FAusIMM, MAIG, MAIMVA, (CMV), a Qualified Person as defined under NI 43-101 regulations, has reviewed the technical information that forms the basis for portions of this news release, and has approved the disclosure herein.
About
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On Behalf of the Board of Directors
“David Greenway”
For further information, please contact:
Phone: 778-588-5473
E-Mail: info@recharge-resources.com
Website: recharge-resources.com
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.
Disclaimer for Forward-Looking Information
Certain statements in this release are forward-looking statements, which reflect the expectations of management regarding Recharge’s intention to continue to identify potential transactions and make certain corporate changes and applications. Forward looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations, or intentions regarding the future. Such statements are subject to risks and uncertainties that may cause actual results, performance, or developments to differ materially from those contained in the statements. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits Recharge will obtain from them. These forward-looking statements reflect managements’ current views and are based on certain expectations, estimates and assumptions which may prove to be incorrect. A number of risks and uncertainties could cause actual results to differ materially from those expressed or implied by the forward-looking statements, including Recharge’s results of exploration or review of properties that Recharge does acquire. These forward-looking statements are made as of the date of this news release and Recharge assumes no obligation to update these forward-looking statements, or to update the reasons why actual results differed from those projected in the forward-looking statements, except in accordance with applicable securities laws.
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