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Prospect Resources Ltd.
Summary
| Project: | Arcadia | |
|---|---|---|
| Deposit: | Arcadia | |
| Location: | Zimbabwe | |
| Commodities: | Lithium-Tantalum | |
| Date: | 6/5/2017 | |
| Report Code: | (Enviro) | |
| Report Type: | EIA/ESIA | |
| Project Stage: | Pursuing Pre-Feasibility Study | |
| Report details: | 5-6-2017: Prospect Resources Ltd. announces an EIA/ESIA report for its Arcadia deposit at the Arcadia project. Approval of Environmental Impact Assessment for project. Prospect Resources Ltd (ASX: PSC) (the “Company”) is pleased to announce that its Envir | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: n/a (n/a) | |
| ABSTRACT: | Prospect Resources Ltd (ASX: PSC) (the “Company”) is pleased to announce that its Environmental Impact Assessment (“EIA”) as well as Investment License has been approved by the Environmental Management Agency of Zimbabwe (“EMA”) and Zimbabwe Investment Authority (“ZIA”), respectively. The EMA issued EIA Certificate number 8000018391 and has granted the Company permission to operate in accordance with Part XI of the Environmental Management Act (Chapter 20:27) subject to certain specified terms and conditions that are normal for such an authority. The Company and its consultants has been proactive in applying for and securing the EMA permit which allows for the decision to mine to be made at the sole discretion of the Board. All local stake holders have been consulted and have agreed to the proposed mine plan and development. Therefore, the issuing of the EIA license is a significant milestone for the Arcadia Lithium Project and demonstrates the cooperation of the shareholders and stakeholders who are all determined to advance this project in as short a timeframe as possible. Chairman of Prospect, Mr Hugh Warner, considered the approvals as significant milestones in the development of the Arcadia Lithium Project, with the following comments: “Since commencement of drilling activities in July 2016, the Company has in tandem conducted extensive work focusing on the social and environmental impacts for the development of Arcadia.” | |
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