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Lithium Carbonate Pilot Plant Construction Underway

Perth, Oct 31, 2017 AEST (ABN Newswire) - Prospect Resources Ltd (ASX:PSC) announces the Company produces battery grade lithium carbonate from Arcadia petalite.

Highlights:

- Battery grade >99.5% lithium carbonate produced in Prospect Resources' custom laboratory, Kwekwe, Zimbabwe

- Notable metallurgical high lights:

o In-house Ion Exchange process being optimised

o 7.8 kg of crude lithium carbonate and just under 1 kg of battery grade lithium carbonate produced to date

o Ongoing process optimisations are being implemented in the design of the pilot plant

- The Prospect lithium carbonate pilot plant construction is well underway with commissioning expected by end of 2017

- The pilot plant is expected to produce around 100 kg per month of battery grade lithium carbonate from petalite rich ores mined at the Prospect Arcadia Mine

About the Arcadia Lithium Deposit: Arcadia is the largest JORC Code reported lithium deposit in Africa, comprising ~808 000t contained lithium oxide (over ~2 000 000t contained lithium carbonate equivalent or LCE).

Prospect Resources has been modifying an existing laboratory complex at the Chaka Mine in the Kwekwe area for the past four months. The laboratory mandate is as follows:

- To recruit and train a suitably qualified team of assayers, chemists and engineers proficient in all aspects of lithium identification, sampling and assaying in preparation for a grade control situation in the production environment;

- To develop the in-house capacity to carry out various lithium oxide floatation and recovery processes with a view to continually optimise recoveries of our concentrates;

- To develop and implement a laboratory scale lithium carbonate production process to demonstrate the amenability and viability of converting the Arcadia 4% Petalite concentrates into battery grade lithium carbonate;

- To build and optimise a 100kg per month lithium carbonate pilot plant converting petalite concentrates into lithium carbonate.

The company is delighted to announce these results which demonstrate the success of the programme.

In response to these results, Mr Hugh Warner (Chairman) had the following to say: "As far as we are aware, this is the first time battery grade lithium carbonate has been produced in Zimbabwe, or anywhere else in southern Africa. Achieving a battery grade within such a short period of time is exceptional. This is a great validation of the technical capability of our team."

To view figures, please visit:
http://abnnewswire.net/lnk/T12QL7O9


About Prospect Resources Ltd

Prospect Resources Ltd ASX PSCProspect 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.

 


Contact

Hugh Warner
Prospect Resources Ltd
Executive Chairman
T: +61-413-621-652

Harry Greaves
Prospect Resources Ltd
Executive Director
T: +263-772-144-669
WWW: www.prospectresources.com.au



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