Recharge will have no shortage of Express lithium targets to choose from

Recharge’s generative exploration work has expanded its list of potential lithium targets at its Express project in Quebec’s highly prospective James Bay region.

Interpretation of spectral data has identified three potential significant pegmatite occurrences with similar spectral responses to neighbouring projects such as Cygnus Metal’s Pontax project where lithium pegmatites are outcropping.

This is potentially significant for Recharge Metals (ASX:REC) as Express is located within the same spodumene-bearing pegmatite trend as Pontax and Allkem’s high-grade James Bay deposit.

Target generation work is ongoing and includes the review of satellite photography and open file geophysics before the company evaluates all the target areas “on the ground” during its maiden field program planned for July 2023.

“Given the substantial number of outcropping pegmatites in and around the Express Lithium Project the presence of a significant number of spectral targets does not surprise us,” managing director Felicity Repacholi-Muir said.

“More importantly we are collecting valuable data to carefully plan and prioritise our field program, ensuring systematic sampling of all potential outcrops within the allotted time frame.

“In the upcoming weeks we anticipate generating additional targets through alternate techniques, and we are committed to keeping shareholders up to date with the process.”

Express lithium project

The Express project is around 12km southeast of the James Bay deposit and 15km northeast of Pontax with ready access to excellent infrastructure, sealed road access and hydropower.

It lies on the margin of the granitic basement which bounds the Eastmain Greenstone Belt hosting the James Bay deposit to the north and the Chambois Greenstone Belt to the south which hosts the Pontax lithium project.

However, no material lithium exploration work has been carried out on the area despite the presence of numerous pegmatite occurrences and the Quebec Ministry of Natural Resources and Forestry declaring the area to be an “underexplored unit that has been very poorly sampled … despite its recognised lithium potential”.

This article was developed in collaboration with Recharge Metals, a Stockhead advertiser at the time of publishing.

This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.