On 10 November 2017, Prospect Resources announced the signing of a conditional Placement and Framework Agreement with Sinomine Resources Exploration Co, Ltd and Sinomine International Exploration. Under the terms of this agreement, Sinomine was required to subscribe for A$10,000,000 of Prospect shares by the close of business on 7 February 2018 [...]
Prospect Resources provides the Company's latest Investor Presentation. Prospect Resources Background Prospect Resources an African Battery Minerals Company Company has been built around core team made up of: Africa Team - focus on exploration and development - Strong and experienced local team with a track record of discovering, proving, building [...]
Prospect Resources is pleased to announce that it is preparing to commence exploration at its Chishanya carbonatite project in the southeast of Zimbabwe, with a focus on determining the Rare Earth Element potential of the site. Previous work carried out by the Company at the project was focussed on identifying copper mineralisation as well as the [...]
Prospect Resources is pleased to announce that it has entered into an option agreement with TSM Enterprises sarl to acquire the Tombolo Klippe Project . - Prospect Resources has secured an option to acquire a 100% direct interest in the Tombolo Klippe project in the Democratic Republic of Congo - Option covers an area of 21km2 containing numerous [...]
Prospect Resources is pleased to report on another busy quarter of activities. Summary of Significant Announcements in the Quarter and up to the date of this announcement: 13 October - Notice of Annual General Meeting 18 October - Trial mining sampling results - Arcadia Lithium Project 23 October - New mineralised zone discovered - Arcadia Lithium [...]
Prospect Resources is pleased to announce the completion of an oversubscribed placement of 166m shares at an issue price of 6c per share to institutional and sophisticated investors, to raise $10m. Highlights - Prospect raises $10m via the issue of 166m shares at 6c per share. Hunter Capital Advisors Pty Ltd acted as sole lead manager to the [...]
Prospect Resources is pleased to announce it has produced ultra-high purity 99.8% lithium carbonate from Arcadia petalite ore. A purity of 99.5% lithium carbonate is required for battery grade lithium carbonate. As the purity level rises, more potential product applications become available and possible pricing rises. A 0.8 kg sample of lithium [...]
Prospect Resources provides the Company's latest Presentation on Arcadia Lithium Project. - 70% increase in Ore Reserve - Conditional Offtake and Placement Agreement to Fully Fund Construction of the Arcadia Lithium Mine - A New Government in Zimbabwe Arcadia Lithium Project Summary - ~808 000t lithium oxide - 7 year Offtake for 100% of Phase 1 [...]
Prospect Resources is pleased to announce a further increase in the Ore Reserve estimate at its flagship Arcadia Lithium Deposit in Zimbabwe to 26.9 Mt at 1.31% Li2O. The upgraded Ore Reserve is based on the Mineral Resource estimate announced to the ASX on 25 October 2017 . Highlights: - Ore Reserve upgraded to 26.9 Mt @ 1.31% Li2O - 70% increase [...]
Prospect Resources is pleased to announce the extension of the Good Days Option until 14 April 2018. Prospect's flagship project is the Arcadia Lithium Project located some 45kms from the centre of Harare in Zimbabwe. The Arcadia Lithium Project represents a globally significant hard rock lithium resource and has been aggressively developed [...]
The Board of Prospect Resources notes the recent political developments in Zimbabwe. The Company and Sinomine wish to advise that they both remain fully committed to the Arcadia lithium project and the implementation of the conditional offtake, placement and framework agreement as announced to the market on 10 November 2017. About Prospect [...]
The Board of Directors wishes to advise that Mr Qingjiao Yu has tendered his resignation as a non-executive director of Prospect Resources effective immediately. Ms Yan Wang who acted as an alternate non-executive director to Mr Yu will also resign as a result. The Board would like to thank Mr Yu and Ms Wang for their contribution to the Company [...]
