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Prospect Resources (ASX:PSC) - Managing Director, Sam Hosack
Managing Director, Sam Hosack
Source: The Market Herald
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  • Prospect Resources (PSC) completes construction and commissioning at the Arcadia Lithium Project in Zimbabwe
  • Initial production has also begun and is expected to run three months with the opportunity to continue generating samples beyond that
  • Prospect will use the samples from the pilot plant and spodumene samples from a partner laboratory to achieve production qualification
  • Additionally, the company is progressing engagement with a range of strategic partners across Europe, China and Japan
  • Prospect is up 4.05 per cent on the market with shares trading at 19.3 cents at 11:03 am AEST

Prospect Resources (PSC) has completed construction and commissioning at the Arcadia Lithium Project in Zimbabwe.

Additionally, initial production has begun and is expected to run three months with the opportunity to continue generating samples beyond that.

Prospect will use the samples from the pilot plant and spodumene samples from a partner laboratory to achieve production qualification.

The company is also progressing engagement with a range of strategic partners across Europe, China and Japan.

Offtake partner Sinomine Resources and representatives from various government ministries will now be welcomed to site on June 30 to preside over first delivery.

Managing Director Sam Hosack said: “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 was up 4.05 per cent on the market with shares trading at 19.3 cents at 11:03 am AEST.

PSC by the numbers
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