Quarterly Activities/Appendix 5B Cash Flow Report
| Stock | Recharge Metals Ltd (REC.ASX) |
|---|---|
| Release Time | 20 Jul 2026, 9:18 a.m. |
| Price Sensitive | Yes |
Recharge Metals Ltd Quarterly Activities Report
- Acquisition of Sunset Well Gold Project completed
- Heritage Protection Agreement with Darlot People executed
- Soil sampling and gravity survey completed over Prospero and Flanders trends
- Acquisition of Ironstone Well Project
- $5.97 million raised through placement and rights issue
Recharge Metals Ltd has successfully completed the acquisition of the Sunset Well Gold Project and associated capital raising, located approximately 10km east of Leonora in the Eastern Goldfields of Western Australia. The project hosts an established Mineral Resource at the Prospero Deposit with significant exploration potential. The company is working towards commencing a maiden 30,000m drill program. A Heritage Protection Agreement with the Darlot People was executed, and 1,120 soil samples were collected over the Prospero and Flanders trends, complemented by a high-resolution gravity survey. Additionally, the Ironstone Well Project was acquired, increasing the strike length of the Prospero Trend by 50%. A capital raising of $5.97 million was completed through a placement and a rights issue, providing funds for exploration activities at Sunset Well and general working capital.