Australian Stock Exchange listed (ASX) company, Prospect Resources, says 92% of the Engineering, Procurement and Construction scope for Arcadia pilot plant is now done.
Prospect Resources Limited is Africa’s leading battery minerals company with a focus on lithium in and around Zimbabwe, with the flagship project being the Arcadia Lithium project.
The company’s recent update on the Arcadia Lithium plant Prospect CEO Sam Hosack said Arcadia’s pilot plant is close to completion and the company is on course to make its first shipment of petalite this month.
“The Arcadia Project team has continued to meet the development timeline and I’m pleased to announce that we have completed approximately 92% of the works required to commence production at our Pilot Plant.
“With lithium market sentiment and prices having increased through 2021, a strong cash balance and the Company being shovel-ready to develop the Arcadia Project, Prospect is well positioned to make the transition to development and production,” Hosack said.
The early delivery of the product will ensure homologation can be achieved in the customers’ production process and will establish clear additional demand for the product within the industry which will assist Prospect in leveraging the value of the Arcadia project as the world leader in supply of this and it’s high quality spodumene products.
With the plant, Arcadia will supply bulk samples of Prospect’s products to customers to obtain the product qualification that it needs to access key markets and raise demand for its products.
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