Recharge Metals Advances High-Grade Uranium and Copper Projects with Strategic Drilling Plans
Recharge Metals Limited has made significant strides in its uranium and copper exploration projects, progressing drill planning and stakeholder engagement at its Carter Uranium Project in Montana and identifying new copper targets at Brandy Hill South in Western Australia.
- Comprehensive site visit and positive community engagement at Carter Uranium Project
- Advanced drill planning and initial permitting underway for uranium exploration
- Historical high-grade uranium resources secured over majority of key deposits
- Induced Polarisation survey at Brandy Hill South reveals new high-priority copper targets
- Cash position of A$1.91 million supports ongoing exploration activities
Exploration Momentum at Carter Uranium Project
Recharge Metals Limited (ASX: REC) has reported robust progress during the March 2025 quarter at its flagship Carter Uranium Project in Montana, USA. The company’s executive team, led by Managing Director Felicity Repacholi, conducted an extensive site visit that included productive meetings with local landowners and community stakeholders. This engagement underscores Recharge’s commitment to responsible exploration and environmental stewardship in a region with a rich uranium mining history.
The Carter Project covers a strategically significant land package along an 11-kilometre regional roll-front uranium trend near the Wyoming border. Recharge has secured surface rights to 87% of the Acadia Deposit and 78% of the Mindy Deposit, both hosting historically estimated high-grade uranium resources, 3.7 million pounds at 1,250ppm eU3O8 and 1.4 million pounds at 1,560ppm eU3O8 respectively. These deposits feature thick mineralisation zones, with drill intersections reaching up to 1.83 metres at 5,400ppm eU3O8.
Drill Planning and Permitting on Track
Recharge is advancing its initial drill program with comprehensive data compilation and geological reviews already well underway. The company has initiated permitting processes essential for exploration drilling, working closely with regulatory bodies to ensure compliance with environmental and land use standards. This groundwork is critical as the Carter Project lies within 250 kilometres of six permitted In Situ Recovery uranium production facilities, a method that dominates US uranium output.
New Copper Targets at Brandy Hill South
In Western Australia, Recharge’s Brandy Hill South Copper Project in the Murchison region has benefited from a recent Induced Polarisation (IP) orientation survey. This geophysical technique successfully mapped known copper mineralisation and revealed new high-priority targets extending along strike. The IP anomalies align with historical electromagnetic survey data and downhole EM modelling, enhancing confidence in the copper prospectivity of the area.
Following recommendations from Dr Steve Beresford, Recharge plans to undertake detailed paragenetic studies, relogging of drill core, and advanced mineral alteration characterisation using Short Wave Infrared scanning or portable spectrometers. These technical programs aim to refine the geological model and support targeted drilling campaigns. An expanded IP survey is also planned to cover a broader area, potentially unlocking further exploration upside in this Tier-1 mining jurisdiction.
Financial Position and Outlook
Recharge Metals ended the quarter with approximately A$1.91 million in cash, down slightly from the previous quarter, reflecting ongoing exploration and corporate expenditures. The company reported no production activities during the period, consistent with its focus on advancing early-stage exploration assets. Related party payments, including director fees and consulting, amounted to $97,250.
With a solid cash runway estimated to cover nearly six quarters of current expenditure, Recharge is positioned to continue its methodical exploration approach. The company’s strategy to integrate new geophysical data with historical drilling results at both projects aims to deliver high-impact drill targets in the near term.
Recharge Metals’ dual focus on high-grade uranium in the US and copper in Australia aligns with global demand trends for critical minerals, potentially positioning the company well for future growth as these projects mature.
Bottom Line?
Recharge Metals is laying strong foundations for upcoming drill campaigns that could unlock significant value in uranium and copper, but market patience will be required as exploration advances.
Questions in the middle?
- When will Recharge Metals announce initial drill results from the Carter Uranium Project?
- How will permitting timelines impact the planned exploration schedule in Montana?
- What are the implications of the new IP survey targets for the scale and timing of copper drilling at Brandy Hill South?