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Recharge Resources NI 43-101 Mineral Resource Estimate at Pocitos 1 Lithium Brine Project Near Completion
Vancouver, BC – TheNewswire - December 6, 2023 - Recharge Resources Ltd. ("Recharge" or the "Company") (CSE:RR) (OTC:RECHF) (Frankfurt:SL5) is pleased to provid
About this update from Uranium One Mining Corp.
[{"type":"text","content":"Vancouver, BC – TheNewswire - December 6, 2023 - Recharge Resources Ltd. (\"Recharge\" or the \"Company\") (CSE:RR) (OTC:RECHF) (Frankfurt:SL5) is pleased to provide the following update on the Company’s Pocitos One Lithium Brine Project (“Pocitos 1” or “the Project”) located near Pocitos township in Salta Province, Argentina. WSP Australia Pty Ltd. (“WSP”) has provided a first draft to the Company of the inaugural NI 43-101 compliant Mineral Resource Estimate (“MRE”) and is currently running an additional block model to support the final report. The report includes some of the cost estimates from Ekosolve™ for a 20,000-tonne lithium carbonate plant that is inclusive of a HCl acid plant and a Lithium carbonate plant. The final report is anticipated to be filed in short order. WSP is a leading global consultancy with more than 67,000 professionals and consultants with expertise in hydrology and brine resource estimates. WSP will utilize information gathered from the NI 43-101 technical report dated June 30th, 2023, completed by Panopus Pte Ltd and the May 2023 MT Survey, 2018 TEM survey, drilling programs, core logs and core porosity data to prepare the Resource Estimate. This is another milestone in the Company's endeavour to build up to a 20,000-tonne Ekosolve™ direct lithium extraction (“DLE”) 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. David Greenway, President, and CEO commented, “I am delighted the WSP project engineers are building a resource model for the NI 43-101 update resource estimate and appreciate their diligence in this report. The Company is pushing forward on all fronts with our inaugural NI 43-101, with MT geophysics survey and porosity studies completed, and a pending drill program to continue to build on this highly anticipated report. These developments should make for an exciting next period for Recharge and its stakeholders at the Pocitos Project.” 2018 and 2022 Drilling Recharge completed drilling the third hole at the Pocitos 1 lithium brine project achieving 169ppm lithium assay and is currently awaiting permits for its upcoming 3 well 2023 drill program. As reported on January 31st, 2023, 200 litres of brine were collected to be sent to Univers...