Recharge Metals has wrapped up a key heritage survey with the Darlot People, clearing the way for its maiden 30,000m drill campaign targeting the 94,500oz Prospero Deposit and surrounding trend in WA’s Eastern Goldfields.
- Sunset Well Heritage Survey completed with Darlot People
- Maiden 30,000m drilling program set for early Q4 2026
- Prospero Deposit holds 94,500oz inferred gold resource
- Exploration funding secured with $5.6 million cash
- Ironstone Well acquisition nearing completion to expand footprint
Heritage Survey Unlocks Drilling at Prospero Deposit
Recharge Metals (ASX:REC) has successfully completed its Sunset Well Heritage Survey in partnership with the Darlot People, a crucial step before launching its first exploration drilling in nearly 30 years at the Prospero Deposit. The survey, conducted over five days, covered a significant 6,500m strike along the Prospero Trend and a smaller area at the Flanders Prospect, ensuring exploration respects both cultural heritage and environmental values.
Chief Executive Officer Luke Timmermans highlighted the positive engagement with the Darlot People, noting that the survey's completion enables the company to proceed with its ambitious 30,000m maiden drilling program targeting the 94,500-ounce inferred gold resource at Prospero and the broader 15km trend. Drilling is expected to commence in early Q4 2026, pending receipt of the formal Heritage Survey Report.
Prospero Deposit: Untapped Depths and Exploration Upside
The Prospero Deposit, part of the Sunset Well Project located about 10km east of Leonora within Western Australia's prolific Eastern Goldfields, hosts an inferred resource of 2.87 million tonnes grading 1.0 g/t gold for 94,500 ounces, reported under the JORC Code (2012). Despite historical drilling in the 1990s, only three holes have tested below 100m vertical depth, leaving considerable potential for deeper mineralisation and along-strike extensions.
The deposit is geologically associated with major shear zones and features quartz veining with alteration zones reminiscent of some of the region’s largest gold systems. Recharge plans to aggressively explore this 1,000m wide corridor, which also includes multiple untested gold anomalies identified from shallow RAB drilling on 200m line spacing.
Expanding the Prospero Trend and Regional Ambitions
Recharge is also close to completing the acquisition of the Ironstone Well Project, which will extend the Prospero Trend strike length by roughly 50%, adding new drill-ready targets. This expansion complements the existing resource and enhances the scale of prospective ground under the company’s control.
With approximately $5.6 million in cash reserves, Recharge is well-funded to execute its drilling campaign and pursue reconnaissance exploration across its regional portfolio. This includes projects beyond Sunset Well, such as Brandy Hills South, Domanbas, and Ora Banda in Western Australia, as well as international ventures in Canada and the USA.
Next Steps for Recharge Metals
The immediate priorities include finalising the Ironstone Well acquisition, receiving the Heritage Survey Report, and commencing the maiden 30,000m drill program at Prospero and along the greater trend. The company also plans to continue regional reconnaissance and business development activities to build on the momentum at Sunset Well.
The upcoming drilling campaign represents a pivotal moment for Recharge, marking its transition from exploration groundwork to active resource definition in a Tier 1 jurisdiction known for world-class gold deposits.
Bottom Line?
Recharge Metals is poised to unlock significant exploration potential at Prospero with drilling imminent, but assay results will be critical to confirming deeper mineralisation and resource growth.
Questions in the middle?
- Will the maiden drilling confirm extensions of the Prospero resource at depth and along strike?
- How will the Ironstone Well acquisition influence the overall scale and economics of the Prospero Trend?
- What impact will ongoing engagement with the Darlot People have on exploration timelines and community relations?