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Perth, January 17, 2018 AEST (ABN Newswire) - Prospect Resources Ltd (PSC.AX) (ASX: PSC) (the "Company") is pleased to announce that its Arcadia Lithium Deposit has been approved by the President of Zimbabwe And cabinet offices are classified as priority mining development projects.
The Ministry of Mines and Mining Development has accepted the task of picking specific projects to be implemented by the Rapid Results Initiative in accordance with the first 100-day plan of the new Zimbabwean government.
The company's Arcadia Lithium Project has been identified as one of the key projects that will enable Zimbabwe's economic recovery.
The strong support from the Zimbabwean government has inspired the board to accelerate Arcadia. Zimbabwean and Australian team members will represent Prospect at Capetown Mining Indaba Conference and we look forward to promoting Prospect Resources and its Arcadia Lithium Deposit at this meeting. We will also work with Zimbabwe's Mines and Mineral Development Department to highlight the new business-friendly environment in Zimbabwe.Titanium sand blast CNC turning product manufacturer