REC.ASX: Recharge extends Prospero Gold Trend through Acquisition

Recharge extends Prospero Gold Trend through Acquisition

Stock	Recharge Metals Ltd (REC.ASX)
Release Time	13 Jul 2026, 9:18 a.m.
Price Sensitive	Yes

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Recharge Metals extends Prospero Gold Trend through acquisition

Key Points

Recharge acquires Ironstone Well Project for $100,000 cash
Acquisition increases Prospero Gold Trend by 50% to 15km
Historical gold intercepts include 6m @ 3.35g/t Au
Multiple drill-ready targets along Prospero and Portia Trends
Recharge has $6 million cash for exploration

Full Summary

Recharge Metals Ltd has acquired the Ironstone Well Project for $100,000 cash, extending the Prospero Gold Trend by 50% to over 15km. The acquisition includes three mining leases adjacent to the Sunset Well Gold Project and encompasses the newly identified Portia Gold Trend. Historical drilling at Ironstone Well returned significant gold intercepts, including 6m @ 3.35g/t Au. Recharge now controls nearly 450 historical drill holes along strike from the 95,000oz Prospero Gold Deposit. The company remains strongly funded with approximately $6 million in cash and is preparing for a maiden 30,000m drilling program.

Guidance

Recharge Metals expects to commence a 30,000m drilling program in the near future.

Outlook

Recharge Metals is optimistic about the potential of the acquired tenements to enhance the scale and continuity of the Prospero and Portia Gold Trends.