Prospect Resources says the Zimbabwean Minister for Mines and Mining Development, Winston Chitando, visited the company’s lithium carbonate pilot plant in Kwekwe, Zimbabwe.
Minister Winston Chitando visited the lithium carbonate pilot plant to see first-hand the work that Prospect Resources is doing to create battery grade (+99.5%) lithium carbonate.
Prospect Resources’ lithium carbonate pilot plant is the only such plant in Africa.
Prospect Resources is using this facility to provide sample products to potential and future customers around the world and to demonstrate Zimbabwe’s technical capability.
During the pilot plant visit, the Honourable Minister confirmed that “international mining companies operating in Zimbabwe will not be required to list on the Zimbabwe stock exchange.”
“As you have heard from the President, Zimbabwe is open for business and we are removing barriers for companies to invest in Zimbabwe to create jobs and wealth for the country.”
Africa’s largest lithium deposit
Prospect Resources’ flagship project is the Arcadia Lithium project located on the outskirts of Harare in Zimbabwe.
The Arcadia Lithium project represents a globally significant hard rock lithium resource and is being rapidly developed by prospect’s experienced team, focusing on near term production of petalite and spodumene concentrates.
Prospect Resources has a strong, agile team split between Africa and in Perth who have the optimal experience to rapidly develop the Arcadia Lithium project alongside building Prospect’s portfolio of battery metal projects:
Africa Team – focus on development and exploration
- Strong and experienced local team with a track record of discovering, proving, building and operating mining projects in Africa
- Significant majority of the Prospect team based on the ground in the region
Australia Team – focus on transactions, financing, investor relations, corporate governance and marketing / offtake:
- Small and focused, Perth based, head office team
- Deep lithium and related minerals process and marketing experience and network
- Deep financial market and transaction experience
