Arcadia Lithium Project

The Arcadia Lithium Project represents Prospect’s flagship Project. Since acquiring the project in mid 2016, Prospect has completed an aggressive drilling and evaluation program that culminated in declaration of a JORC 2012 Compliant Mineral Resource estimate in October 2016 and updated again in March 2017. Prospect now has over 9km2 of granted Mining Claims over the Arcadia Pegmatite swarm that has an identified strike of 4.5km, making it one of the largest hard rock lithium bearing pegmatites in Africa and the fifth largest globally (according to the JORC Code).

JORC Compliant Mineral Resource estimate – Arcadia Li Project (March 2017)

 

High Grade Zone - 1% Li2O Cut-off

Category

Tonnes

Li2O %

Ta2O5 ppm

Li2O Tonnes

Ta2O5 lbs

Measured

5,700,000

1.48%

134

83,800

1,700,000

Indicated

15,100,000

1.38%

118

208,000

3,900,000

Inferred

14,100,000

1.44%

133

203,000

4,100,000

GRAND TOTAL

34,900,000

1.42%

127

494,800

9,700,000

 

Following completion of a Scoping Study in late 2016, Prospect are on track to complete the Pre Feasibility Study by mid 2017

 

3D View of Arcadia Lithium Deposit (looking N)