Welcome to Prospect Resources
Developing Africa’s largest Lithium Deposit *
Prospect Resources Limited (ASX:PSC) is a Southern Africa focused Lithium and Gold mining and exploration company based in Perth with operations in Zimbabwe.
Prospect’s flagship project is the Arcadia Lithium Project located on the outskirts of Harare in Zimbabwe. The Arcadia Lithium Project represents a globally significant hard rock lithium resource and has been aggressively developed focusing on near term production of petalite and spodumene concentrates, click here for more information.
Pre-Feasibility Study Completed – on track for development to become a vertically integrated lithium producer
Following completion of the Pre Feasibility Study in June 2017, the Company is now focusing on securing offtake and funding plans for development of Arcadia towards production, anticipate in the 3Q of 2018.
Key outcomes of the PFS include a Life of Mine (LOM) of 15 year Life of Mine based on an Ore Reserve of 15.8Mt grading 1.34% Li2O and 124ppm Ta2O5. Cash costs of USD 260/t lithia concentrate produced are envisaged over the LoM and a low start up CAPEX of USD 52.5 Million is envisaged.
The Company is also evaluating the development of an integrated lithium chemical plant at Arcadia.
For more information click here.
Prospect also has several developing gold assets located in Zimbabwe, including the Sally, Bucks Reef and Prestwood mines located in the under explored Gwanda Greenstone Belt in SW Zimbabwe, as well as the Penhalonga Au Project located in the prolific Mutare Greenstone Belt in Eastern Zimbabwe.