Prospect’s lithium pilot plant officially opens with customers gifted petalite sample
Lithium project developer Prospect Resources has delivered a ceremonial sample of petalite product from its Arcadia pilot plant in Zimbabwe to offtake partner and shareholder Sinomine Resources.
Arcadia is one of the most advanced lithium projects globally, with a definitive feasibility study completed, offtake partners secured, and a clear pathway to production.
Prospect (ASX:PSC) also plans to produce, and then ship sizeable volumes of technical grade petalite product to both Sibelco and Sinomine for on-delivery to customers across Europe and Asia.
The petalite product will then be used by customers in their respective production runs to provide product qualification processes through the second half of 2021.
The Arcadia pilot plant is capable of producing technical grade petalite products.
“Yesterday was a significant and memorable achievement for Prospect – demonstrating our ability to successfully deliver the pilot plant project by producing petalite in Zimbabwe,” Prospect managing director Sam Hosack said.
“With the Arcadia Pilot Plant in production, the team are now focused on generating high purity on specification technical grade petalite to showcase Arcadia’s petalite to the largest customers in the global glass and ceramics markets.
“The petalite produced in operation will be independently assayed for quality assurance.
“The final qualification gate we are set to pass through should deliver customers confidence that Arcadia can deliver a high quality, long life raw material source for both petalite and spodumene supply chains.”
Along with petalite samples from the pilot plant, additional Arcadia spodumene samples are being prepared by a third-party lab, Geolabs.
The company is progressing engagement with a range of strategic groups from across Japan, China and Europe who have an interest in securing spodumene offtake and assisting with development of the Arcadia Project.
“Continued support from our parent Ministry of Mines and Mining Development led by the Honourable Minister Winston Chitando, has enabled us to achieve this important milestone on the path to full scale development of Arcadia and commercial production,” Hosack said.
“We are a team made up of Zimbabweans, with a deep determination to get Arcadia funded and operational.
“The Special Economic Zone license, and the close integration and alignment we enjoy with Zimbabwe Investment and Development Agency (ZIDA) has been critical to the success of the Pilot Plant and is expected to make a material difference to our ability to fund the Arcadia Project.”
This article was developed in collaboration with Prospect Resources a Stockhead advertiser at the time of publishing.
This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.