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Recharge Resources Receives Drill Permit for Pocitos Lithium Project Aiming to Upgrade Mineral Resource Estimate

Recharge Resources Ltd. (RR) has obtained drill permits from the MPSD for two additional wells at the Pocitos 2 block, part of the Pocitos Lithium Brine Project in Salta Province, Argentina. The company aims to enhance the NI 43-101 Inferred Mineral Resource Estimate (MRE) by acquiring new drill hole data and preparing for the construction of an Ekosolve™ DLE pilot plant.

Upgrading the Pocitos Project Resource Estimate

Recharge’s MRE stands at 143,000 tonnes of lithium metal and 760,000 tonnes of lithium carbonate equivalent (LCE). The new drill program seeks to reclassify the resource to a proven and probable category. WSP Australia Pty Ltd, known for its industry expertise, prepared the initial MRE, and the forthcoming drilling will focus on a sandy halite unit with high porosity across the Pocitos 2 area.

Pilot Plant and Production Goals

Recharge is on the path to constructing a 20,000-tonne per year Ekosolve™ DLE plant to meet its supply agreement with Richlink Capital Pty. Ltd. The Pocitos Lithium Brine Project has shown promising brine flow results in previous drilling endeavors, with lithium carbonate produced at a purity of 99.89%.

CEO David Greenway expresses his enthusiasm for the resource upgrade and the subsequent steps towards establishing the pilot plant and reaching annual production targets.

Project Infrastructure and Location

The Pocitos Project boasts access to essential infrastructure and has seen over US$2.0 million in collective exploration. High lithium values have been confirmed, and plans for immediate follow-up drilling are in place.

Phillip Thomas, BSc Geol, MBusM, a qualified person under NI 43-101, has reviewed and approved the technical portions of this news release. Thomas, with a history of significant contributions to the Rincon project, now serves as COO and Director of Recharge Resources Ltd.

On behalf of the Board of Directors,
“David Greenway”
David Greenway, CEO

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