Zimbabwe approves Australian junior’s lithium project
JOHANNESBURG (miningweekly.com) – Australia-listed Prospect Resources has received approval for its environmental-impact assessment and investment licence for its Arcadia lithium project, in Zimbabwe.
The company described the approval from the Environmental Management Agency (EMA) of Zimbabwe and the Zimbabwe Investment Authority (ZIA) as “a significant milestone”.
Prospect deemed it prudent to separate its gold assets from the lithium assets into two separate subsidiary structures, each with their own ZIA licence, saying on Monday that it would offer greater flexibility as to how the Arcadia lithium project could be financed and how the company financed its gold assets.
Chairperson Hugh Warner said since starting drilling activities in July 2016, Prospect had conducted extensive work focusing on the social and environmental impacts for the development of Arcadia.
“The requisite geohydrological, social and relevant impact assessments completed by our consultants and subsequent approval by the EMA further endorses and moves Arcadia towards production. In addition, the endorsement by the ZIA provides the company with the ability to take advantage of the variety of investment and fiscal incentives offered to investors in Zimbabwe,” he highlighted.
The Arcadia project has a mineral resource of 34.9-million tonnes, at 1.42% lithium oxide.
Article Enquiry
Email Article
Save Article
Feedback
To advertise email advertising@creamermedia.co.za or click here
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation














