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Prospect Resources happy with Zim government

Prospect Resources happy with Zim government

Prospect Resources

Prospect Resources Managing Director, Sam Hosack has expressed his delight in the account of policies and the attitude of the government pertaining to the permitting process of the Arcadia Lithium Project.

By Shantel Chisango

In an interview with corporate analyst Peter Strachan discussing Prospect’s experience with the government, Sam Hosack said that he is impressed that the Arcadia Lithium project has been identified as of national significance, with the office of the president assisting in the permitting process of the company.

He further added that there have been no hindrances from the government, pertaining to issues to do with the progress of the project.

“There are no hold-ups in the account of the policies or the attitude of the government, and it is pretty impressive,” said Hosack.

During the interview, Mr. Hosack mentioned that the supply chain of lithium into batteries is really quite complicated and there is certainly debottlenecking as projects come to align and demand to pull product out of the supply chain.

He further added that downstream demand, battery storage costs in Europe are a response to the exhaustion of stockpiling and real intensification of conversion, with China holding dominance of the supply chain.

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“There Is still a complete dominance of the supply chain from China and the high pricing is a response to the exhaustion to the stockpiling and real intensification of conversion.”

Mr. Hosack went on to say that, “there is quite a lot of consolidation and demand coming down the supply chain and definitely rising prices of carbonates and the hydroxides.

Prospect Resources Limited (ASX: PSC, FRA:5E8) is a battery minerals company with a focus on lithium in and around Zimbabwe, with the flagship project being the 70% owned Arcadia Lithium project, located on the outskirts of Harare in Zimbabwe.

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