Recharge Metals Secures Sunset Well Gold Project and $6m to Drive Exploration Push

Recharge Metals Limited ( (AU:REC) ) has provided an announcement.

Recharge Metals has completed the acquisition of the Sunset Well Gold Project, a 180km² tenement package located about 10km east of Leonora and within trucking distance of seven operating gold processing plants in Western Australia. The project hosts the Prospero Deposit with an Inferred Mineral Resource of 2.87Mt at 1.0 g/t gold for 94,500 ounces, interpreted to be controlled by the Prospero and Flanders Shear Zones.

To fund exploration across Sunset Well and its existing assets, the company undertook a placement and pro-rata rights issue during the March quarter, raising about $6 million before costs and strengthening its balance sheet. With no drilling at Sunset Well since the mid-1990s, mineralisation remaining open at depth and along strike, and multiple untested intercepts and anomalies, Recharge has also bolstered its board and technical team to support an aggressive exploration push and potential resource growth, enhancing its growth prospects in the Eastern Goldfields.

More about Recharge Metals Limited

Recharge Metals Limited is an ASX-listed exploration company focused on gold and base metals projects in Western Australia. Its portfolio now includes the newly acquired Sunset Well Gold Project near Leonora in the Eastern Goldfields, where it aims to advance exploration around existing resources and underexplored structural trends.

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