Leading Africa in the Battery Minerals Revolution


Prospect Resources Limited (ASX: PSC, FRA:5E8) is a battery minerals company with a focus on lithium in and around Zimbabwe, with the flagship project being the 87% owned Arcadia Lithium project, located on the outskirts of Harare in Zimbabwe. 

Prospect has a strong, agile team split between Africa and Perth who have the optimal experience to build Prospect as Africa's leading mineral business.

Australian Team – financing, investor relations, corporate governance, offtake and marketing

  • Small and focused head office team
  • Deep financial market and transaction experience

African Team - development and exploration

  • Strong and experienced local team with a track record of discovering, proving, building and operating mining projects in Africa
  • Significant majority of the Prospect team is based on the ground in the region

Project Highlights



Arcadia, a game changing lithium project

Arcadia Lithium Project represents a globally significant hard rock lithium resource. The project is being rapidly developed by Prospect’s experienced team, with the focus on near term production of petalite and spodumene concentrates.

  • Top 10 global hard rock lithium asset
  • Fully permitted to commence production
  • Strong project economics to drive returns for shareholders
  • Diversified markets across Europe, North America and North Asia
  • Close proximity to a skilled labour force and established infrastructure 
  • Operating in an established mining jurisdiction, with over 100 years of mining history

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On 12th Dec 2019, Prospect released an updated Definitive Feasibility Study (DFS) with the following key project outcomes:

  • US$710M pre-tax NPV10, up 39%. Confirming the value of the project and the opportunity for Prospect Resources
  • Exceptional profitability and healthy operating margins with US$168M average annual EBITDA for the first 5 years of operation  
  • US$162M capital expenditure estimate Including EPCM contract cost provision, and 14% contingency (including EAA*)
  • US$3.42B LOM revenue excluding tantalum credits, up 17%. Demonstrating the value to shareholders
  • 15.5 year mine life,further increasing Arcadia's exposure to long term EV demand
  • Substantially improving project returns with an internal rate of return (IRR) of 71% (pre-tax), up from IRR 44%

Read the DFS presentation