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Prospect Resources Ltd.
Summary
| Project: | Arcadia | |
|---|---|---|
| Deposit: | Arcadia | |
| Location: | Zimbabwe | |
| Commodities: | Lithium-Tantalum | |
| Date: | 3/5/2019 | |
| Report Code: | JORC | |
| Report Type: | Feasibility Study | |
| Project Stage: | Mine Development | |
| Report details: | 5-3-2019: Prospect Resources Ltd. announces a Feasibility Study report for its Arcadia deposit at the Arcadia project. Updated engineering results incl. increased NPV of US $533M (10%). African lithium developer, Prospect Resources Ltd (ASX: PSC) (“Prospe | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: n/a (n/a) | |
| ABSTRACT: | African lithium developer, Prospect Resources Ltd (ASX: PSC) (“Prospect Resources” or “the Company”) is pleased to announce that it has successfully completed its plant optimisation, resulting in High Pressure Grinding Roll (HPGR) being a viable option for the Arcadia Lithium Project’s processing design. As outlined to the ASX within the Arcadia Lithium Project’s DFS on the 19th November 2018 and subsequent market releases, the Company implemented value engineering initiatives to optimise the plant design for its 87%2 owned Arcadia Lithium Project outside of Harare, Zimbabwe. One of the initiatives relating to plant optimisation is to implement a High Pressure Grinding Roll (HPGR) system into the process design that is expected to deliver material reductions to the Project’s capital expenditure and operating costs, whilst maintaining or improving metallurgical recoveries. Prospects’ Managing Director, Sam Hosack, said “The ongoing and focussed value engineering initiatives have delivered positive outcomes and have demonstrated that High Pressure Grinding Roll (HPGR) technology can be utilised in the Arcadia Lithium Project’s processing plant.” Mr Hosack also said “The advantages of HPGR technology are considerable, providing a significant reduction in complexity and operational resource demand. Including HPGR in the plant’s processing design will have a | |
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