(TheNewswire)
Vancouver, BC – TheNewswire - October 10, 2023 - Recharge Resources Ltd.("Recharge" or the "Company") ( CSE: RR) ( OTC: RECHF) ( Frankfurt: SL5) is pleased toreport that the Ekosolve™ Pilot Plant has produced Lithium Chloridesalt ( “ LiCl ” ) to a purity of over 99% processed frombrines sampled from the company’s 2022 drill program at the Pocitos1 Lithium Brine Project located near Pocitos township in SaltaProvince, Argentina.
Testing of efficiency for separating and purifyinglithium and the removal of cations was conducted, with boron,calc ium,potassium, and magnesium extracted to the solvents and sodium strippedinto the brine. As previously announced Ekosolve™ Lithium SolventExchange Extraction process has been able to extract 94.9% of thelithium ( “Li” ) from the brines provided from the company’s 2022 DDH3drill program.
The brines were processed at the Ekosolve pilot plantusing the Ekosolve™? 10 stage extraction, washing and stripping process to produce lithiumchloride, as contemplated as an end product under the offtake LOIbetween Recharge and Richlink Capital Pty Ltd. ( “Richlink” ) andits client to provide between 10,000-20,000 tonnes of LiCl per year(the “Proposed SupplyTransaction” ).
This study and process was a pre-engineering step for Ekosolve ™ Extraction performance in consideration for full sized plantscale-up of 10,000-20,000 tonner per year Ekosolve ™ Lithium Brine Extraction plant implementation at the Pocitosproject, under the company’s technology licensing agreementannounced on September 27 th , 2022.
Figure 1. Dr April Li conducting tests at EkosolvePilot Plant at University of Melbourne – Melbourne, Australia
The next step is to further process the lithiumchloride to produce and test lithium carbonate from the Pocitosbrines.
Learn more about the Ekosolve™ process onRecharge’s website herehttps://recharge-resources.com/technology/
CEO David Greenway commented, We are delighted with theEkosolve pilot plant test results, showcasing the project's potentialviability with an impressive 94.9% brine recovery and the successfulproduction of Lithium Chloride with Lithium Carbonate processing onthe horizon. The company eagerly anticipates the inaugural NI 43-101compliant resource estimate, currently under development by WSPAustralia, underscoring the exciting times ahead for Recharge, thePocitos 1 project, and its stakeholders.“
Ekosolve ™ pre-engineering studies have previously shown that providing brineflow is in excess of 35,000 megalitres per year, with 110ppm LIcontent and above have been deemed economic. Recharge successfullycompleted a 2022 drill campaign at Pocitos 1 assaying 169 PPM Li andover a two-week period averaging 161 PPM Li All three drill holes atPocitos to date have had exceptional brine flow rates.
Fig 2. Dec, 2022 Drilling at Pocitos 1 |
Fig 3. 2018 Drilling at Pocitos 1 | Fig 4. 2018 Drilling at Pocitos 1
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The Ekosolve™? Lithium Solvent Exchange Extractionprocess can efficiently manage the processing of the brines to producelithium carbonate with a grade higher than 99.5% and a recovery of96%, far exceeding any ion exchange or adsorption process available todate. Ekosolve™? is licensed by the University of Melbourne,Australia to Ekosolve Limited, an unlisted public company.
About Pocitos Lithium BrineProject
The Pocitos Project is located approximately 10 km fromthe township of Pocitos where there is gas, electricity, and internetservices. Pocitos (1 & 2) is approximately 1,352 hectares and isaccessible by road. Collective exploration totaling over USD $2.0million developing the project, including surface sampling, trenching,TEM and MT geophysics and three DDH holes that resulted in outstandingbrine flow results. Locations for immediate follow up drilling havealready been designed and permits are in place pending submission offinal details.
Lithium values of up to 169 ppm Li from laboratoryanalysis conducted by Alex Stewart were recorded during theproject’s drill campaigns as recent as December 2022. A doublepacker sampling system in HQ Diamond drill holes were drilled to adepth of 409 metres. The flow of brine was observed to continue formore than five hours. All holes had exceptional brine flow rates.
Figure 5. Pocitos Lithium Claim Map
Qualified Person
Phillip Thomas, BSc Geol, MBusM, FAusIMM, MAIG, MAIMVA,(CMV), a Qualified Person as defined under NI 43-101 regulations, hasreviewed the technical information that forms the basis for portionsof this news release, and has approved the disclosure herein. PanopusPte Ltd owns 50% of Ekosolve Limited and Phillip Thomas owns 100% ofPanopus Pte Ltd.
Mr. Thomas is independent of the Company and is NOT ashareholder of Recharge Resources. Thomas visited the property to viewthe core and drilling between January 15th-22 nd , 2023 and 8-10May 2023 to determine if additional flow tests could be arranged.
About Recharge Resources
Recharge Resources is a Canadian mineral explorationcompany focused on exploring and developing the production ofhigh-value battery metals to create green, renewable energy to meetthe demands of the advancing electric vehicle and fuel cell vehiclemarket.
All Stakeholders are encouraged to follow the Companyon its social media profiles on , , and Instagram .
On Behalf of the Board of Directors,
“David Greenway”
David Greenway, CEO
For further information, pleasecontact:
Recharge Resources Ltd.
Joel Warawa
Phone: 778-588-5473
E-Mail: info@recharge-resources.com
Website: recharge-resources.com
Neither the Canadian Securities Exchange nor itsRegulation Services Provider (as that term is defined in the policiesof the CSE) accepts responsibility for the adequacy or accuracy ofthis release.
Disclaimer for Forward-LookingInformation
Certain statements in this releaseare forward-looking statements, which reflect the expectations ofmanagement regarding Recharge’s intention to continue to identifypotential transactions and make certain corporate changes andapplications. Forward looking statements consist of statements thatare not purely historical, including any statements regarding beliefs,plans, expectations, or intentions regarding the future. Suchstatements are subject to risks and uncertainties that may causeactual results, performance, or developments to differ materially fromthose contained in the statements. No assurance can be given that anyof the events anticipated by the forward-looking statements will occuror, if they do occur, what benefits Recharge will obtain from them.These forward-looking statements reflect managements’ current viewsand are based on certain expectations, estimates and assumptions whichmay prove to be incorrect. A number of risks and uncertainties couldcause actual results to differ materially from those expressed orimplied by the forward-looking statements, including Recharge’sresults of exploration or review of properties that Recharge doesacquire. These forward-looking statements are made as of the date ofthis news release and Recharge assumes no obligation to update theseforward-looking statements, or to update the reasons why actualresults differed from those projected in the forward-lookingstatements, except in accordance with appli cable securities laws.
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