Recharge Metals has kicked off exploration at its Sunset Well Gold Project in WA, backed by a $6 million war chest and a leadership reshuffle bringing in geologist Luke Timmermans as CEO.
- Exploration underway with gravity and soil sampling
- Planned 30,000m drilling program subject to approvals
- Sunset Well hosts 94,500oz inferred gold resource
- Luke Timmermans appointed CEO with strong project knowledge
- Felicity Repacholi shifts to Non-Executive Chair
Exploration Accelerates at Sunset Well
Recharge Metals (ASX:REC) has initiated on-ground exploration at its recently acquired Sunset Well Gold Project near Leonora, WA, marking a decisive step from acquisition to active development. The company is rolling out a ground gravity survey alongside a soil sampling program aimed at refining drill targets along the key Prospero and Flanders shear zones, which are known structural hosts to gold mineralisation. These programs precede a substantial drilling campaign of up to 30,000 metres, combining RC, diamond, and aircore methods, pending regulatory and heritage approvals.
Sunset Well’s inferred mineral resource stands at 2.87 million tonnes grading 1.0 g/t gold for approximately 94,500 ounces, with the Prospero Deposit remaining open along strike and at depth. This underexplored greenstone belt offers both brownfields expansion potential and greenfields discovery opportunities, as no drilling has taken place in over 30 years. The planned drilling will focus heavily on the Prospero Deposit, with 20,000 metres allocated there, while the remaining 10,000 metres will target broader shear zone anomalies.
Recharge’s recent capital raise has fortified its balance sheet with over $6 million in cash, providing a solid financial runway for this aggressive exploration push. This funding boost follows the company’s earlier Sunset Well acquisition and $5.97M raise, which laid the groundwork for the current phase of technical advancement.
Leadership Shift to Drive Execution
Coinciding with the exploration ramp-up, Recharge has appointed Luke Timmermans as CEO effective 1 May 2026. Timmermans brings over 15 years of industry experience, including senior roles at Gold Fields, Red 5, and Essential Metals. Notably, he was instrumental in expanding the King of the Hill Gold Deposit resource to over 3 million ounces and advancing it through feasibility to mill construction. His deep technical knowledge of the Leonora district and the Sunset Well Project positions him well to lead Recharge’s next chapter.
Meanwhile, current Managing Director Felicity Repacholi will transition to Non-Executive Chair, focusing on shareholder relations, capital markets, and the broader project portfolio. This leadership evolution signals a strategic pivot from project acquisition to delivery and value creation, reflecting the company’s growing maturity and operational focus.
Timmermans’ appointment also includes a remuneration package with performance-linked incentives tied to share price milestones, aligning his rewards with shareholder value creation.
Targeting Prospero and Flanders Trends
The ground gravity survey will cover approximately 10 kilometres along the Prospero and Flanders Shear Zones, with a 200m by 50m grid designed to identify felsic porphyry and granodiorite intrusions associated with gold mineralisation. Concurrent soil sampling on a 200m by 100m grid will employ multi-element geochemical analysis to delineate gold and pathfinder anomalies, sharpening drill targeting.
These geophysical and geochemical datasets will underpin the design of the upcoming drilling program, which aims to expand the existing inferred resource and test multiple high-tenor anomalies along strike from Prospero and historic workings at Flanders. The project’s location within 100 kilometres of seven operating gold mills and excellent infrastructure access via the Goldfields Highway enhance its development prospects.
Recharge is actively progressing heritage clearances and tenement grants, engaging with the Darlot Native Title holders to secure approvals necessary for drilling commencement.
This exploration push builds on the company’s earlier capital raising and strategic moves documented in the $2.06M rights issue and $3.97M placement, which collectively funded the Sunset Well acquisition and initial exploration planning.
Bottom Line?
Recharge’s transition from acquisition to execution, backed by a seasoned CEO and a robust drilling program, sets the stage for a pivotal phase at Sunset Well, but outcomes hinge on exploration success and timely approvals.
Questions in the middle?
- Will drilling results confirm the resource expansion potential along the Prospero and Flanders trends?
- How quickly can heritage and regulatory approvals be secured to keep exploration on schedule?
- Can Luke Timmermans leverage his Leonora experience to accelerate project development and market confidence?