Exploration Program Commences At The Express Lithium Project

Recharge Metals Limited (ASX: REC, Recharge or the Company) is pleased to announce that it has embarked on an extensive generative exploration program at its 100% owned Express Lithium Project (the Project), located within the prolific James Bay Region of Québec, Canada.

Highlights

• Generative exploration program commenced, designed to delineate outcropping pegmatites and potential pegmatite-bearing structures to be targeted in Recharge’s upcoming maiden field season
• Spectral data analysis underway as well as the procurement and analysis of publicly available geophysical datasets
• Targets to be assessed by the exploration team in the field with rock sampling program to commence in the Canadian summer
• Highly respected consultants, Dahrouge Geological will provide boots on ground and conduct the field program
• First time the Express Lithium Project has been explored for lithium mineralisation
• Express Lithium Project is located in the heart of James Bay Region; 12km southeast of Allkem’s James Bay Deposit (ASX: AKE; 37.2Mt @ 1.3% Li₂O)¹ and 15km northeast of Cygnus Metals’ Pontax Lithium Project (ASX: CY5)
  
• Recharge is well funded to support exploration activities over the next 12 months following the successful share placement raising A$3 million

Recharge’s Managing Director, Felicity Repacholi-Muir, commented:

“It is an exciting time for Recharge as we commence our generative exploration program at the Express Lithium Project, located in James Bay, an emerging world-class lithium province. Our team are focused on identifying prospective target areas for pegmatite hosted lithium mineralisation, ahead of getting boots on ground in the Canadian summer, followed by an anticipated drilling campaign later in the year.”

The Express Lithium Project covers a significant project area of 73.5km² in the heart of the James Bay Region and is host to several known pegmatite outcrops². The Express Lithium Project is located approximately 12km southeast of Allkem’s James Bay Deposit (ASX: AKE; 37.2Mt @ 1.3% Li₂O), 15km northeast of Cygnus Metals’ Pontax Lithium Project (ASX: CY5) and is proximate to several other significant lithium deposits.³

Figure 1: Express Lithium Project location within James Bay Region

Exploration Program

There has been no material lithium focused exploration work conducted to date on the Express Lithium Project. Recharge’s initial exploration program includes the review of all historical data, the commissioning of multispectral analysis, analysis of publicly available geophysical data and the probable acquisition of LiDAR and high resolution aerial imagery to assist with defining target areas ahead of the summer field campaign.

Analysis of multispectral data has commenced with the acquisition of ASTER and Sentinel-2 imagery to be interpreted by respected consultants Terra Resources. Certain bands in these images have been shown to correlate well with outcropping pegmatites, and it is anticipated that the interpretation will highlight areas for inspection and sampling.

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