Recharge Metals Limited - New copper mineralisation model at Brandy Hill South, WA to drive exploration

About this update from Recharge Metals Limited

Recharge Metals Limited (ASX: REC, Recharge or the Company) is pleased to provide findings of a recent technical review of its 100%-owned Brandy Hill South Project (the Project) in the Murchison region of Western Australia . Recharge's Managing Director Felicity Repacholi commented: 'Dr Steve Beresford's technical review arose from our desire to put new eyes on Brandy Hill South while our recent focus was on critical and strategic minerals in North America . We are encouraged by Steve's observations and findings, which has provided a relatively simple low-cost work program to advance the project. Copper is one of the key commodities in the global energy transition yet there are relatively few new projects which have emerged in recent times. Should exploration be successful, we anticipate substantial interest in Brandy Hill South going forward. Technical Review Summary A technical review of Brandy Hill South by highly regarded geologist Dr Steve Beresford incorporated visual logging, pXRF data, laboratory assay results from Recharge's previous drilling programs and Tornado micro XRF imagery of drill core. Key data supporting the proposed porphyry model included geochemical data as well as geological relationships observed in drill core and the Tornado imagery. Both drill core and Tornado imagery showed Cu-Mo-W sulfide veins crosscutting a suite of mafic and ultramafic host rocks. The copper anomalism is interpreted to be epigenetic, being emplaced much later than the formation of the host rocks, and accordingly is believed to be related to the granitic porphyry stocks and dykes also found within the project area. Porphyry systems are well studied and understood, with diagnostic alteration haloes and associated lithogeochemical signatures. Inspection of drill core and assay data from Brandy Hill South supports the presence of the characteristic potassic and propylitic alteration haloes which are associated with porphyry systems. Based on the available data Dr Beresford believes that there is potential for higher grade porphyry style copper mineralisation at Brandy Hill South based on the presence of multiple porphyries of different timings and geochemical characteristics, intense veining and varying vein density, thick potassic alteration zones, and preferred host rock (mafic-ultramafic). This mineralisation is likely to be found below the mineralisation already identified in drilling. 2024 Forward Plan Exploration for porphyry copper mineralisation follows a well-established targeting framework to vector in on the most prospective parts of the mineralised system. Due to the amount of work already completed at Brandy Hill South, Recharge is able to rapidly advance exploration for a relatively minimal cost. Dr Beresford has proposed the next steps to develop targets at Brandy Hill South: Trial the use of induced polarisation (IP) to detect disseminated sulphides associated with copper mineralisation A detailed paragenetic study (including relogging of existing drillcore) of a cross section including BHRCD018 to ascertain number of porphyries and vein paragenesis. Short Wave IR (SWIR) scanning of a single hole (or alternatively the use of a portable infra-red mineral analyser (PIMA) / ASD mineral spectrometer) to quantify alteration styles and expand the lithogeochemical interpretation. Recharge aims to implement work as 'proof of concept' to confirm Dr Beresford's model and has engaged a contractor to complete a small, orientation IP survey over the areas previously drilled to see if mineralisation intersected in drilling provides a response. It should be noted that the response in the IP survey will only be indicative of the effectiveness of this technique, rather than any confirmation of the porphyry copper model or evidence of the prospectivity of the project. The Company already had allocated funds to its ongoing exploration of the Brandy Hill South Project . Recharge can fund next steps / proof of concept activities from existing cash reserves, and is confident this work will result in a third opportunity for the Company's shareholders to participate in high impact exploration. Should activities be successful in confirming the porphyry copper model, it is anticipated that the Brandy Hill South Project could be a high value asset for the Company given its location in a Tier-1 mining jurisdiction and the prevailing outlook for copper. Contact: Alex Cowie Email: [email protected] About Recharge Metals Recharge Metals Limited (ASX: REC) is a well-structured exploration company, with the recently acquired Newnham Lake Uranium Project located in the northeastern Athabasca Basin , two lithium projects in the world class James Bay lithium district in Canada , namely the Express Lithium Project and the Wapistan Lithium Project as well as progressing the copper-focused Brandy Hill South Project in Western Australia . Competent Person Statement The information in this announcement that relates to Exploration Results is based on information compiled or reviewed by Ms Felicity Repacholi, a Competent Person who is a Director of the Company. Ms Repacholi is a Member of the Australian Institute of Geoscientists and has sufficient experience relevant to the style of mineralisation and type of deposit under consideration, and to the activities undertaken, to qualify as a Competent Person as defined in the 2012 Edition of the Joint Ore Reserves Committee (JORC) Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Ms Repacholi consents to the inclusion in this report of the matters based on this information in the form and context in which it appears. (C) 2024 Electronic News Publishing, source ENP Newswire

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