Prospect raises $25m to spend on Arcadia lithium project

Prospect raises $25m to spend on Arcadia lithium project
Published: 02 May 2018
An Australia-listed firm Prospect Resources, says it has set aside at least $25 million to fund the construction of a mine and plant at its Arcadia lithium project situated about 38km East of the capital close to the long-established Arcturus gold mine.

Prospect is a southern Africa focused lithium and gold mining and exploration company based in Perth, Australia, with operations in Zimbabwe.

Last year, the Zimbabwe Government granted the company National Project Status to develop Arcadia.

The project is the largest lithium deposit in Africa comprising 808 000 tons of lithium oxide.
- The Herald
Tags: Lithium,

Comments

Latest News

Latest Published Reports

Latest jobs