https://www.miningweekly.com
PROJECT|Resources
PROJECT|Resources
project|resources

Prospect breaks ground at Arcadia

3rd December 2018

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

     

Font size: - +

PERTH (miningweekly.com) – ASX-listed Prospect Resources has officially broken ground at the Arcadia lithium project, in Zimbabwe.

A 2017 prefeasibility study estimated that the project could produce 75 000 t/y of spodumene concentrate, ramping up to 123 000 t/y and 155 000 t/y petalite concentrates and 88 000 t/y tantalite concentrates over the life of the mine.

The project is estimated to have a 15-year mine life, and would cost an estimated $52.5-million to develop.

Prospect executive chairperson Hugh Warner on Monday said that the company was working to secure project financing from international investors and lenders.

“As Prospect reaches out to the international investment community to finance Arcadia, we are also working closely with the government of Zimbabwe to provide confidence of fiscal stability to Prospect, our investors and indeed the people of Zimbabwe,” said Warner.

Edited by Creamer Media Reporter

Comments

Latest News

BHP seeks to break mining’s M&A curse with thorny Anglo deal
BHP seeks to break mining’s M&A curse with thorny Anglo deal
Updated 2 hours 31 minutes ago By: Bloomberg

Showroom

Universal Storage Systems (SA)
Universal Storage Systems (SA)

South African leader in Steel -Racking, -Shelving, and -Mezzanine flooring. Universal has innovated an approach which encompasses conceptualising,...

VISIT SHOWROOM 
Booyco Electronics
Booyco Electronics

Booyco Electronics, South African pioneer of Proximity Detection Systems, offers safety solutions for underground and surface mining, quarrying,...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Mining Weekly Editor Martin Creamer
Copper shares soar and green hydrogen goes digital
Updated 6 hours ago
Magazine cover image
Magazine round up | 26 April 2024
26th April 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.181 0.219s - 107pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: