The pilot plant will produce high purity, technical grade petalite using DMS in accordance with Arcadia’s existing FS flowsheet.
The optimised feasibility study is expected to be completed in Q3 CY2021, with funding discussions being conducted in parallel.
“We are excited to extend the agreement with Farvic, which upon completion, gives PSC 87% equity stake in the Arcadia Project."
Wheatley has over 15 years of director and chairman experience with exposure predominantly across gold, copper and uranium sectors.
Prospect Resources has been accepted into the European Raw Material Alliance as a primary raw material partner.
“Prospect is focused on maximising shareholder value by rapidly progressing the Arcadia Lithium Project in Zimbabwe." - Sam Hosack
"The flotation process offers an attractive solution for customers seeking long term and consistent supply.” - Sam Hosack
ASX-listed African lithium developer Prospect Resources has received subscriptions for 46.15 million new ordinary shares at A$0.13 per share to raise A$6 million before costs.
African lithium developer, Prospect Resources has secured a new long-term offtake partner for its Arcadia Lithium Project.