OUR NEW PROFILE IS: RECHF
🇨🇦CSE: RR 🇩🇪FWB: SL50
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Hello Everyone,
Recharge Resources Ltd. (“Recharge Resources”) focuses on exploring and acquiring mineral properties in Canada. It was incorporated on March 9, 2010, under the name of Le mare Gold Corp and changed its name to Recharge Resources LTD in July 2021. The company is headquartered in Vancouver, Canada.
Recharge Resources is focused on the dual goal of a) identifying, exploring, and developing complementary battery metals technologies via open-source applications and b) acquiring mining properties with the goal of producing the battery materials required to meet the increasing electric vehicle (EVs) demand. The company is focused on all three elements of battery metals: lithium, nickel, and cobalt.
According to BloombergNEF, there are almost 20 million passenger EVs and 1.3m commercial EVs on the road and this number continues to increase. Driving the increase in EVs has been the continued climb in oil and pump prices, which are well above $5/gallon. Also helping that push is exogenous factors such as the Russian War, trade embargos, and commodity prices, as each of these puts increasing uncertainty regarding oil and gasoline prices. As policy pressures continue to push world countries, including China and the U.S., to a ‘net-zero,’ auto manufacturers are also increasingly focused on ramping up production of EVs and the technology behind them.
PROJECTS
Pocitos I – Salta, ArgentinaPocitos I is an 800-hectare lithium brine project located in the Salar de Pocitos, in the lithium-rich Puna region of northwestern Argentina. The basins in this area produce over 52% of the lithium brine resources in the world.Recharge Resources is currently compiling geological and geophysics data to secure drill targets. With two existing drill holes in place, this new drill program will assist in establishing an NI 43-101 resource.
Prior to Recharge Resource’s option acquisition, exploration and development teams at AIS Resources Ltd. conducted exploration activities, including surface sampling, trenching, TEM geophysics and drilling. In May 2018, a drill test on two holes to a depth of 409m estimated the flow rate of the hole to exceed 50,000 liters per minute and continued over 5 hours. Both drill holes had exceptional brine flow rates and lithium values of up to 125ppm were recorded from laboratory analysis conducted by Alex Stewart. (July 2018 AIS Resources Ltd press release and internal board memorandum).
AIS Resources did not pursue the property at the time due to the high magnesium content of the brines. Recent advances in direct lithium extraction and solvent exchange technology have perfected new methods of the sustainable production of Li2CO3 from brines. (Ekosolve.com.au)
Brussels Creek
100% interest in 17 Brussels Creek claims covers 1,350 hectares in the Kamloops Mining District of British Columbia. The interest is in silica-saturated copper-gold porphyry-style deposits.
The Brussels Creek Project is an early-stage gold, copper, and palladium exploration project located in the Kamloops Mining District of Kamloops, British Columbia. The mineral tenure consists of 66 cells and covers approximately 12.5km2. The claims are located about 10 km west of the currently producing New Afton Mines (New Gold Inc) and exhibit a similar geological setting. There are no known abandoned historic precious metal mines or other related facilities within the property boundaries.
Murray Ridge (Pinchee Lake)
Recharge resources has a 100% ownership interest in Pinchi Lake nickel project, an area covering 3,354 hectares also in British Columbia. The company recently announced increased magnesium levels and is exploring the potential for carbon capture at the Pinchi Lake project.
Murray Ridge is composed of approximately 75% nickel, 25% iron and 0% sulfur; therefore, it is considered “natural steel”. The absence of sulfur allows a concentrate to be shipped directly to steel mills without incurring smelting and refining costs and minimal environmental problems. Geological mapping, prospecting and geochemical soil sampling have confirmed the occurrence of favorable geology and structure on the property and localized serpentinization associated with ultramafic rocks.
Kagoot Brook
Recharge Resources has a 75% stake in Kagoot Brook, a cobalt-nickel project over 4,233 hectares in New Brunswick, Canada. There currently are 193 claims at Kagoot Brook.
The Kagoot Brook property covers two anomalous northeast-trending tributaries draining into Kagoot Brook. The survey results returned significantly elevated and anomalous cobalt in silts from both tributaries, with values varying from 63ppm to 1,316ppm Co. The survey results spurred multiple, multi- faceted exploration campaigns through the 1980s and 1990s.
In 2018 Explorex Resources Inc. re-processed the 1986-1987 fixed-wing airborne magnetic survey data. The 3D modeling indicated the Kagoot Brook claims are underlain by a synformal fold structure with a fold axis trending near east-west. In July 2018, a 27.6km cut grid was initiated over which ground magnetic and VLF-EM surveys were to be completed. By late August, the line cutters had made little progress due to the unexpected density of vegetation, the line cutters were unable to satisfy the contracted line cutting program and as a result only 8.1km of cutting was completed. As a result, in December 2018, magnetic and VLF-EM surveys were completed along widely spaced selected logging road access trails. In July and September 2018, a silt sampling program was completed along the two anomalous creeks to confirm the existence and location of the historical silt sample results. A total of 51 silt samples were collected and confirmed the historical results with cobalt values to 3,190ppm Co. The silt sampling program identified a clear and well-defined up stream cut-off to the anomalous cobalt silt values. In December 2018, a two-hole NQ oriented core drill program was completed totaling 501m. The program was designed to test the underlying stratigraphy for the possible source of the anomalous stream sediment silt values. The principal rock types encountered in both holes were predominately a very fine-grained dark grey to black, finely laminated mudstone interbedded with a grey to light grey fine to coarse-grained siltstone with accessory pyrrhotite. The mature sediments and rock types are interpreted to form part of the Patrick Brook Formation. The structural data collected from the oriented core suggests that each drill hole may have been collared on opposing limbs of a tight synformal fold structure. Best results from the two-hole drill program returned 79ppm Co.
A Phase 2 Oriented NQ core drill program totaling 500m is further recommended to test significant results received from the Drone Airborne Surveys, the soil and auger sampling programs and the 2-D Induced Polarization surveys. Total budgeted exploration field costs to complete the proposed field programs total $291,347.00 ($320,481.70 including 10% contingency).
METALS
The nickel sulphate market is forecasted to remain in balance in the short term despite the expected demand in the next 5 years. Domestic demand in China was relatively low as some automakers shifted to Lithium iron phosphate chemistries. This will have limited impact in the adoption of nickel-rich battery cathode chemistries, and as such, the nickel sulfate market balance may slip into a 128,000 metric ton deficit as early as 2024.
Cobalt prices are forecasted to hold as the metal prices rose by 42% during the first half of 2021 on the London Metals Exchange. In March, cobalt rose to $53,000 per ton, it’s highest price since March 2018 and 15% above the five-year average. The cobalt metal price could average $45,000 per ton year-end 2021. With the market projected to be relatively in surplus throughout the decade, BloombergNEF expects prices will hold at an average of $44,000 per ton up to 2025.
RECHARGE HAS PRESSURIZED LITHIUM BRINE SHOOTING INTO THE AIR AS ITS HITS TARGET AQUIFER
As previously announced, Mr. Thomas has now begun preparing the basis for the NI 43-101 report after setting up the drill program in Argentina when he was there in November 2022 in preparation to measure flow rates and assays to create the anticipated NI 43-101 compliant report. Mr. Thomas, BSc Geol, FAusIMM MAIG, has spent the past 22 years exploring for lithium brines, including building and operating a pilot plant for production at Rincon Salar (sold to Rio Tinto for US$825 Million) as well as he and his team developed the Pozuelos salar, producing an indicated and inferred resource, from four exploration wells. (recently sold to Ganfeng for US$962 million).
CEO, David Greenway stated, “With two existing drill holes in place, this new drilling will contribute to establishing an NI 43-101 mineral resource estimate. We have benefitted greatly from an Argentinian geological team which has empowered us to continue to make progress towards our next goal of establishing an NI 43-101 compliant mineral resource, a scoping study of the project and formalising our offtake agreement for lithium chloride.”
Recharge is aiming to establish a NI 43-101 compliant resource and build up to a 20,000 tonne per year EkoSolve™ lithium extraction plant at Pocitos 1 in order to supply Richlink Capital Pty Ltd clients up to 20,000 tonnes of lithium per year as previously announced under a letter of intent and framework agreement.
Lithium is selling in the spot market at 577,500 Yuan per tonne or the equivalent of US$82,209 per tonne according to TradingEconomics.com. (December 9th, 2022). Indications from various sources suggest the long term contract price is increasing towards the spot price quoted above (“Fixed-price contracts fall out of favor as producers and consumers embrace recent market volatility” WSJ. By Rhiannon Hoyle. Adelaide, Australia, 8 Dec 2022.).
RECHARGE RESOURCES INTERCEPTS FIRST LITHIUM BRINE AQUIFER IN WELL 1 AT POCITOS 1 LITHIUM SALAR
(RR: CSE) (RECHF: OTC) (SL50: Frankfurt) is pleased to announce the Company has intercepted an aquifer that surged at 325m depth in its NQ diameter exploration well at its ongoing production diameter well drill program at the “Pocitos 1” Salar Lithium Brine Project in Salta, Argentina. Drilling will continue through the target production zones down to 425 meters.
This is another planned milestone in Recharge’s endeavour to establish a NI 43-101 compliant resource and build up to a 20,000 tonne per year EkoSolve™ lithium extraction plant at Pocitos 1 in order to supply Richlink Capital Pty Ltd clients up to 20,000 tonnes of lithium per year as previously announced under a letter of intent and framework agreement.
Lithium is selling in the spot market at 577,500 Yuan per tonne or the equivalent of US$82,209 per tonne according to TradingEconomics.com. (December 5th, 2022)
The brine flow from 325m was captured and four samples taken – one for analysis at two different labs and two as duplicates. AIS Resources encountered significant brine flow from multiple aquifers from 350m down to 410 meters in their hole 400m away in 2018 and the highest surge was at 407 metres which our drillers will pass through over the next few days. They are currently at 357m (4th Dec). The geologists are preparing for a packer test to sample more brine from this level before they proceed.


The drill has a specially designed surge mechanism to contain the surge from aquifer head pressure and so damage is not done to the side walls of the well. The lithology encountered so far was brown clays however at 165m the clays increased substantially in moisture indicating a possible aquifer. A packer test to recover brine was performed but did not yield a brine flow. Core recovery has been more than 95%.
Once the analysis and pump tests have been completed by our QP and geologists, the location of the next four wells will be decided to maximize brine flow. The Drillers have been contracted for a minimum of 1,600m and engaged for all of 2023. Once the exploration wells are completed, and a resource computed, we will bring in a much larger rig and start to increase the diameter of the exploration wells to production wells and line them with slotted PVC. We have paid a deposit for 2000m as PVC is not produced in Argentina.
As previously announced, the Company’s QP and Project Geologist, Phil Thomas, has now begun preparing the basis for the NI 43-101 report after setting up the drill program in Argentina when he was there in November in preparation to measure flow rates and assays to create the anticipated NI 43-101 compliant report. Phillip Thomas, BSc Geol, FAusIMM MAIG, has spent the past 22 years exploring for lithium brines, including building and operating a pilot plant for production at Rincon Salar (sold to Rio Tinto for US$825 Million) as well as he and his team developed the Pozuelos salar, producing an indicated and inferred resource, from four exploration wells. (recently sold to Ganfeng for US$962 million).
Mr. Thomas, project geologist, stated: “I am thrilled to see the continuity of the first reservoir discovered back in 2018. With this first lithium brine surge we have entered the target zone with sampling now underway. This will be the fourth resource estimation project I have been involved with to delineate a lithium deposit and I am very keen to see this project through to the vision I had for it back in 2018.”
CEO and director, David Greenway states, “With two existing drill holes in place, this new drilling will contribute to establishing an NI 43-101 mineral resource estimate. We have benefitted greatly from an Argentinian geological team (thank you Anabel, David and Hernan) which has empowered us continue to make progress towards our next goal of establishing a NI 43-101 compliant mineral resource, a scoping study of the project and formalising our offtake agreement for lithium chloride.”
NEWS
RECHARGE HAS PRESSURIZED LITHIUM BRINE SHOOTING INTO THE AIR AS ITS HITS TARGET AQUIFER
RECHARGE RESOURCES ENVIRONMENTAL PRODUCTION PERMITTING PROCESS UNDERWAY FOR POCITOS 1 LITHIUM BRINE PROJECT
(RR: CSE) (RECHF: OTC) (SL50: Frankfurt) is pleased to announce the Company’s geological, consulting and legal teams have commenced the environmental permitting process at the “Pocitos 1” Lithium Brine Project in Salta, Argentina.
RECHARGE RESOURCES INTERCEPTS FIRST LITHIUM BRINE AQUIFER IN WELL 1 AT POCITOS 1 LITHIUM SALAR
(RR: CSE) (RECHF: OTC) (SL50: Frankfurt) is pleased to announce the Company has intercepted an aquifer that surged at 325m depth in its NQ diameter exploration well at its ongoing production diameter well drill program at the “Pocitos 1” Salar Lithium Brine Project in Salta, Argentina. Drilling will continue through the target production zones down to 425 meters.