For thousands of other reports visit RSC's Mineral Intellingence Map
Prospect Resources Ltd.
Summary
| Project: | Arcadia | |
|---|---|---|
| Deposit: | Arcadia | |
| Location: | Zimbabwe | |
| Commodities: | Lithium-Tantalum | |
| Date: | 11/19/2018 | |
| Report Code: | JORC | |
| Report Type: | Feasibility Study | |
| Project Stage: | Mine Development | |
| Report details: | 19-11-2018: Prospect Resources Ltd. announces a Feasibility Study report for its Arcadia deposit at the Arcadia project. DFS results incl. pre-tax NPV of US $511M (10%), IRR of 44%, 12yr LOM at the project. ASX listed African lithium developer Prospect Re | |
| Resources: | (Reserve, P+P): 26.9Mt @ 1.31% Li2O, 128ppm Ta2O5 for 351Kt Li2O, 7.6Mlbs Ta2O5 contained | |
| CP/QP: | [Resources]: Gayle Hanssen (Digital Mining Services Ltd.) | |
| ABSTRACT: | ASX listed African lithium developer Prospect Resources Ltd (ASX: PSC, Prospect, the Company), is pleased to advise that it has completed a Definitive Feasibility Study into the 2.4 million tonne per annum (Mtpa) development of its flagship 87%1 owned Arcadia Lithium Project in Zimbabwe. The results confirm the Project’s strong financial and geological merits, positioning the Company to be a leading producer of lithium & battery minerals This successful DFS provides a compelling basis for the Company to drive towards completing additional project off-take arrangements (in addition to its existing off-take agreement with Sinomine), and securing project financing in anticipation of construction. Construction and mine development, to be managed by Prospect Lithium Zimbabwe (PLZ), is scheduled to be completed in Q3 CY2020, with commissioning from November 2020. Summary of the DFS Based on the proposed 2.4 Mtpa mining and processing operation, the DFS indicates that Arcadia will be a strong financial, high margin project with current forecast Life Of Mine (LOM) revenue of USD2.93 billion and average annual EBITDA of USD106 million over an estimated 12-year mine life. | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report