Recharge Resources Ltd. (CSE:RR) (OTC:RECHF) (Frankfurt:SL5) has received approval for a drill permit to commence an extensive two-well drill program on the Pocitos 2 block. The project aims to elevate the existing NI 43-101 Inferred Mineral Resource Estimate by incorporating essential drill hole information and collecting data critical for upcoming engineering operations.
Pocitos Lithium Brine Project’s Drill Program Objectives
With the recent endorsement by the MPSD, Recharge’s mission is to transition the resource classification from inferred to a proven and probable category. This progression necessitates drilling in the area identified by WSP’s geophysics report as having rich brine potential due to the presence of high porosity sandy halite units.
Significance of Pocitos Project Recent Estimates
The lithium brine project, overseen by WSP geologists, is notable for its considerable LCE of 760,000 tonnes. Revenue estimations project a lucrative annual output, especially with operating cost efficiencies, implying a robust economic model for the venture.
Advancing the Resource Development
The company anticipates this drilling phase to provide pivotal data supporting the construction of an Ekosolve™ DLE pilot plant, ultimately aiming to establish a large-scale lithium carbonate production facility. The program’s results are expected to solidify the project’s long-term viability and contribute significantly to the burgeoning demand for lithium batteries.
About Recharge Resources
Recharge is a visionary Canadian exploration company dedicated to supplying high-value battery metals, particularly lithium, to fuel the clean energy industry. With a commitment to sustainable practices, Recharge stands at the forefront of powering electric vehicle technologies with its advancing projects.
For additional details regarding Recharge Resources Ltd., please reach out to Joel Warawa at
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