Recharge Metals Advances 30,000m Drilling Plan at Sunset Well Amid Regional Project Acquisitions

Sunset Well Project Poised for Major Drilling Push

Recharge Metals Limited (ASX:REC) is gearing up for its first drilling campaign at the Sunset Well Gold Project since the mid-1990s, following the completion of extensive soil sampling and a detailed ground gravity survey. The project, located just 10km east of Leonora in Western Australia's prolific Eastern Goldfields, hosts the 94,500-ounce inferred gold resource at the Prospero Deposit, which remains largely underexplored below 100m depth.

The recent geochemical and geophysical work; comprising over 1,100 soil samples on a 200m by 100m grid and a gravity survey with 1,881 stations spaced 200m by 50m; aims to sharpen drill targeting along the 10km Prospero Trend and the adjacent Flanders Shear Zone. Assay results from the soil sampling are expected in July and will inform the upcoming maiden 30,000-metre drilling program planned for the second half of 2026.

Heritage and Approvals on Track for Drilling Commencement

Recharge is advancing negotiations with the Darlot People to finalise a Heritage Protection Agreement, a prerequisite for heritage surveys and drilling activities. CEO Luke Timmermans emphasised the rarity of finding such an advanced, underexplored gold project in WA, noting the company's intent to commence drilling once all approvals are secured.

The project benefits from proximity to seven operating gold processing plants within 100km, established infrastructure, and a skilled mining workforce, positioning it well for rapid development should exploration results prove encouraging.

Strategic Expansion with Four New Regional Projects

In parallel with advancing Sunset Well, Recharge has acquired four new early-stage exploration projects across Western Australia, expanding its pipeline of low-cost, high-potential targets. These include the Domanbas and Bobswim projects in the Pilbara region, targeting copper-base metal and dome-hosted gold analogues respectively; the Ora Banda project in the Eastern Goldfields, focused on orogenic gold structures; and the Tamma Mia project near Geraldton, where Recharge holds an option to earn up to 80% interest.

The option agreement for Tamma Mia involves a $50,000 non-refundable fee for a 12-month exclusive period, with further expenditure commitments including $1 million in exploration and the issuance of 10 million shares to the vendor. Upon earn-in, a joint venture will be formed with an 80/20 split, with the vendor’s interest carried to a final investment decision.

Funding and Technical Expertise Underpinning Exploration Drive

Recharge enters this phase well-capitalised, holding approximately $6 million in cash to fund its aggressive exploration agenda. The company’s technical team benefits from the guidance of Strategic Technical Advisor Brett Keillor, a geologist credited with involvement in major discoveries such as Marymia and Tropicana, underpinning confidence in the quality of project generation and evaluation.

Recharge’s approach balances advancing the high-grade, near-surface gold resource at Sunset Well with the pursuit of conceptual targets that could deliver significant upside, reflecting a strategic blend of brownfields and greenfields exploration.