Arcadia Lithium Project
The Arcadia Lithium Project represents Prospect’s flagship Project. Since acquiring the project in mid 2016, Prospect has completed an aggressive drilling and evaluation program that culminated in declaration of several JORC 2012 Compliant Mineral Resource estimates, with the most recent being on 31 July 2017. Prospect now has a Mining Lease covering 14km2 over the Arcadia Pegmatite swarm with an identified strike of 4.5km.
Following completion of a Scoping Study in late 2016, Prospect completed its Pre Feasibility Study in June 2017 that included declaration of Maiden Ore Reserves. The Company has subsequently updated its Ore Reserves and is in the process of optimising the Mine and Plant, the results of which will be announced before year end.
Global Hard Rock (pegmatite hosted) Lithium Resources
JORC Compliant Mineral Resource estimate – Arcadia Li Project (July 2017)
High Grade Zone - 1% Li2O Cut-off |
|||||
|
Category |
Tonnes |
Li2O % |
Ta2O5 ppm |
Li2O Tonnes |
Ta2O5 lbs |
|
Measured |
6,200,000 |
1.48% |
132 |
92,400 |
1,800,000 |
|
Indicated |
22,300,000 |
1.36% |
117 |
303,700 |
5,800,000 |
|
Inferred |
12,000,000 |
1.56% |
117 |
186,600 |
3,000,000 |
|
GRAND TOTAL |
40,500,000 |
1.44% |
119 |
582,700 |
10,600,000 |
3D View of Arcadia Lithium Deposit (looking NNE)