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 several JORC 2012 Compliant Mineral Resource estimates, with the most recent being on 31 July 2017. Prospect now has over 14km2 of granted Mining Claims over the Arcadia Pegmatite swarm that has an identified strike of 4.5km, making it the largest code compliant hard rock lithium deposit in Africa.

Following completion of a Scoping Study in late 2016, Prospect completed its Pre Feasibility Study in June 2017 that included declaration of Maiden Ore Reserves.

 

Global Hard Rock (pegmatite hosted) Lithium Resources

 

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

High Grade Zone - 1% Li2O Cut-off

Category

Tonnes

Li2O %

Ta2O5 ppm

Li2O Tonnes

Ta2O5 lbs

Measured

6,200,000

1.48%

132

92,400

1,800,000

Indicated

22,300,000

1.36%

117

303,700

5,800,000

Inferred

12,000,000

1.56%

117

186,600

3,000,000

GRAND TOTAL

40,500,000

1.44%

119

582,700

10,600,000

 

3D View of Arcadia Lithium Deposit (looking NNE)