ASX-listed battery minerals company Prospect Resources has closed the US$377.8 million sale of its 87% interest in the Arcadia Lithium Project in Zimbabwe to a subsidiary of China’s Zhejiang Huayou Cobalt. Prospect has received $342.9 million in proceeds from the deal after the payment of $26.8...
ASX-listed Prospect Resources has provided an update on the pathway to production at the Arcadia lithium project in Zimbabwe, after a detailed strategic review by management and a number of external third-party experts. The review concluded that an initial smaller commercial scale production facility using the...
ASX-listed Prospect Resources has signed a memorandum of understanding (MoU) with Belgian industrial minerals giant Sibelco for the offtake of its lithium product from the Arcadia project in Zimbabwe. The MoU will afford the two companies approximately a month and a half to negotiate the terms...
ASX-listed Prospect Resources has published an updated definitive feasibility study (DFS) for its Arcadia Lithium Project in Zimbabwe, increasing the estimated life of mine (LoM) revenues for the project. The new DFS states that the LoM revenues will be US$3.42 billion over a 15.5-year mine life,...
Prospect Resources has made a secondary listing on Germany’s Frankfurt Stock Exchange as the Zimbabwe-based lithium developer looks to gain greater exposure to European end user markets. The firm, already listed on the Australian Stock Exchange, will trade under the ticker ‘5E8’ on the Frankfurt exchange....
The Arcadia Lithium Project in Zimbabwe is one step closer to production after Prospect Resources completed a definitive feasibility study (DFS) for the lithium and tantalum resource. ASX-listed Prospect has forecasted average annual spodumene concentrate production of around 212,000 tonnes, 216,000 tonnes of petalite concentrate and...
ASX-listed miner Prospect Resources has been granted a mining license by the Mining Affairs Board of Zimbabwe covering its flagship Arcadia Lithium Project. The lease covers an area of 1,031 hectares encompassing some 57 mining claims owned by Prospect Lithium Zimbabwe, who told shareholders that the...