• Heritage survey scheduled for late August 2026
• Drilling targeted to start in early Q4 2026
• Prospero Deposit hosts an Inferred Mineral Resource of 2.87Mt @ 1.0 g/t Au
• Mining Lease Application submitted for Prospero Deposit
• Recharge Metals remains strongly funded with approximately $5.6 million cash at bank

Recharge Metals Ltd is pleased to announce that the Sunset Well Heritage Survey dates have been confirmed and a Mining Licence Application covering the Prospero Deposit has been submitted. The Prospero Mining Lease Application, covering a total area of 1,162 hectares, provides sufficient area for proposed future open pit mining activities of the 94,500oz Prospero Deposit and associated infrastructure required for mining operations. The heritage survey is scheduled to commence in late August 2026, representing the final major milestone ahead of the maiden 30,000m drilling program at the Sunset Well Project, Leonora, WA. Drilling is targeted to commence in early Q4 2026. The maiden drilling program will be the first exploration drilling since the mid-1990s at the Prospero Deposit, providing Recharge with its first opportunity to systematically test the deposit using modern exploration techniques. Prospero hosts an Inferred Mineral Resource of 2.87Mt @ 1.0 g/t Au for 94,500 oz Au from surface and remains open along strike and at depth, with only three holes drilled deeper than 100m vertical depth. Historical drilling at the Prospero Deposit has returned numerous broad and high-grade gold intercepts, including 36m @ 2.73g/t Au from 32m, including 16m @ 5.39g/t Au from 36m, 8m @ 4.02g/t Au from 28m, including 2m @ 8.3g/t Au from 28m, 4m @ 3.62g/t Au from 32m, and 2.9m @ 6.35g/t Au from 101.9m, including 0.8m @ 21.7g/t Au from 101.9m. Recharge remains strongly funded with approximately $5.6 million cash at bank.

Recharge Metals Ltd is excited to commence the heritage survey and drilling program at the Prospero Deposit, with the potential to discover additional gold resources.