Description

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. 

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.

• 7th largest 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
• Offtake agreement and equity investment from Shenzhen Stock Exchange listed lithium chemical converter Sinomine Resources Group
• Appointed Afreximbank to arrange and manage the primary syndication of a US$143m project finance debt facility 

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