Prospect Resources commences production in Zimbabwe, to make first delivery next week

Prospect Resources commences production in Zimbabwe, to make first delivery next week

Australian Stock Exchange-listed Prospect Resources has announced today that its Arcadia petalite pilot plant in Zimbabwe has commenced production and it will make it first delivery to offtake partner Sinomine Resources on Wednesday, 30 June.

The company said that the pilot plant construction and commissioning was completed on schedule and within budget, and that production commenced and remains on track to deliver technical grade petalite product to customers this month.

Prospect said it is now focused on utilising the high purity petalite samples from the pilot plant, and spodumene samples produced in a partner laboratory, to achieve final production qualification with customers.

The company said it is progressing engagement with a range of strategic groups from across Japan, China and Europe in recent months who have an interest in spodumene offtake and assisting with the development of the project.

Managing Director Sam Hosack commented: “We have successfully demonstrated our capability to deliver this project in Zimbabwe. We now look forward to delivering high purity lithium products to the downstream supply chain to complete respective product qualification processes.

“The development and operation of the pilot plant allows us to substantially reduce metallurgical risk for Arcadia, whilst demonstrating our ability to successfully operate in our jurisdiction, delivering increased confidence in the outcomes of existing technical study work and projected economics.”

Prospect Resources is a battery minerals company with a focus on lithium in and around Zimbabwe, with the flagship project being the 70% owned Arcadia lithium project, located on the outskirts of Harare in Zimbabwe.- Kitco News