The third and latest hole drilled "intersected similar lithologies and styles of sulphide mineralisation between 80.9m to 357.5m down hole" as two previous holes at Recharge's Brandy Hill South prospect.

All three holes are yet to be assayed, with the core currently being transported to Perth.

Analysts at capital markets firm Argonaut said results from previous nearby holes returned intermittent 4-10m widths of mineralisation grading 0.35% copper or less.

And the expectation is for "comparable results" from Recharge's drilling.

Recharge listed in October last year following a A$5 million IPO.

Brandy Hill South is the company's lead focus.

Shares in Recharge were up 18.5% to 32c in morning trade, capitalising the company at $14.5 million.