On 10 November 2017, Prospect Resources Limited (ASX:PSC) announced the signing of a conditional Placement and Framework Agreement with Sinomine Resources Exploration Co, Ltd and Sinomine International Exploration (Hong Kong) Co, Ltd. Under the terms of this agreement, Sinomine was required to subscribe for A$10,000,000 of Prospect shares by the close of business on 7 February 2018.
Prospect Resources Ltd
Prospect Resources Limited (ASX:PSC) is based in Australasia with operations in Zimbabwe and is a publicly listed company. We are committed to creating value for Prospect's shareholders and the communities in which our company operates. Our vision is to build a Southern African based mining company of international scale.
On 31 January 2018, Prospect (ASX:PSC) announced that it had raised $10m via the issue of new shares at 6c per share, with settlement proposed for Monday 5 February 2018. An Appendix 3B was issued on Tuesday 6 February 2018, confirming the allotment of shares under this placement.
Prospect Resources Ltd (ASX:PSC) provides the Company's latest Investor Presentation.
Prospect Resources Ltd (ASX:PSC) Commencement of Exploration for Rare Earths at Chishanya Carbonatite Project
Prospect Resources Ltd (ASX:PSC) is pleased to announce that it is preparing to commence exploration at its Chishanya carbonatite project in the southeast of Zimbabwe, with a focus on determining the Rare Earth Element potential of the site.
Prospect Resources Ltd (ASX:PSC) is pleased to announce that it has entered into an option agreement with TSM Enterprises sarl to acquire the Tombolo Klippe Project (PEPM1787).
Prospect Resources Ltd (ASX:PSC) is pleased to report on another busy quarter of activities.
Prospect Resources Limited (ASX:PSC) is pleased to announce the completion of an oversubscribed placement of 166m shares at an issue price of 6c per share to institutional and sophisticated investors, to raise $10m (before costs).
Prospect Resources Ltd (ASX:PSC) is pleased to announce that the Company's Arcadia Lithium Deposit has been identified as a priority mining development project by the Office of the President and Cabinet of Zimbabwe.
Prospect Resources Ltd (ASX:PSC) is pleased to announce it has produced ultra-high purity 99.8% lithium carbonate from Arcadia petalite ore. A purity of 99.5% lithium carbonate is required for battery grade lithium carbonate. As the purity level rises, more potential product applications become available and possible pricing rises.
Prospect Resources Ltd (ASX:PSC) provides the Company's latest Presentation on Arcadia Lithium Project.