Prospect Resources makes ultra high-grade lithium discovery

Australian explorer Prospect Resources has returned lithium carbonate of 99.8 per cent purity from its Arcadia lithium project in Zimbabwe.

Arcadia, the company’s $US52.5 million ($68.6 million) flagship project, has seen aggressive development since Prospect’s takeover in 2016 and pre-feasibility study in June 2017, with an anticipated start date for petalite and spodumene production in the third quarter of 2018.

The 0.8 kilogram sample was purified at a Commonwealth Scientific and Industrial Research Organisation (CSIRO) lab in Perth. The company stated that Prospect may be the first ASX-listed lithium company to produce its own battery-grade lithium carbonate from hard rock.

“The quality of this product far exceeds the requirements for battery grade lithium carbonate and supports Prospect’s intention to become the first producer of premium lithium products in Southern Africa,” said Hugh Warner, executive chairman of Prospect.