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Search results: Prospect Resources

Prospects targets additional funds for Arcadia project

PROSPECT Resources (Prospect) says it expects that additional funds will need to be raised prior to completion of any project finance discussions for the Arcadia lithium project in Zimbabwe.According to a market report issued by the...

Prospects reports loss of $4,135 million

PROSPECT Resources (Prospect) says it reported a loss after tax of $4,135 million during the half year ended December 31, 2018 compared to a $2,640 million recorded in previous period.The Australia Stock Exchange-listed firm said explorations costs...

Vast Resources plc notice of General Meeting

Vast Resources plc, the AIM listed mining company with operating mines in Romania and Zimbabwe, announces that a Chairman’s Letter including a Notice of General Meeting of the Company will be posted to shareholders today, 15...

Why Zimbabwe Must Invest in Exploration Before It Can Tax Value Addition

Zimbabwe's current focus on beneficiation taxes ignores the foundational need for state-led exploration, stifling the sector’s growth before it even begins, Mining Zimbabwe can report. By Rudairo Mapuranga A fundamental misalignment in Zimbabwe’s mining policy is putting the...

Zimbabwe Invites Chinese Investors to Explore Untapped Critical Minerals for EV Revolution

Zimbabwe is calling on Chinese investors to seize first-mover advantage in one of Africa’s richest yet underexplored mining jurisdictions, as the nation positions itself as a key supplier of critical minerals for the global electric vehicle...

Showcasing Beneficiation and Value Addition Opportunities in Zimbabwe’s Mining Sector

The mining sector in Zimbabwe is pivotal to the nation’s economic growth, contributing 70 percentage to the GDP and providing employment for thousands. However, despite this wealth, the country continues to lag behind when it comes...

PLZ Set to Launch Education-Focused CSR Objectives for 2025

Prospect Lithium Zimbabwe (PLZ), is set to unveil its Corporate Social Responsibility (CSR) objectives for 2025. This initiative will mark one of the company’s largest efforts to date.By Ryan ChigocheThe launch of these CSR objectives follows...

Step Aside Lithium Project Positioned for Monetization

The Step Aside Lithium Project in Goromonzi, owned by Australia Stock Exchange-listed Prospect Resources (PSC), is poised for monetization. This strategic move aims to potentially fund the exploration and development of the Mumbezhi Copper Project in...

PLZ produced nearly 300k tonnes of lithium concentrate in 2023

Prospect Lithium Zimbabwe (PLZ) owned Arcadia lithium mine in Goromonzi produced around 280 000 tonnes of concentrate in 2023 and plans are underway to double production in 2024. The company has plans to double production in...

Step Aside’s WinBin discovery returns 63m interval of high-grade lithium mineralisation

Australia Stock Exchange listed mining and exploration junior Prospect Resources Step Aside lithium project has returned high-grade assay results showing a high-grade mineralised zone at WinBin that extends for considerable depth and strike from the initial...

Musician accused of Conspiracy to rob Mining Veteran

Musician Energy Chizanga popularly known as Freeman accused of  “Conspiracy to Commit Robbery” of mining veteran, Paul Chimbodza, was picked Tuesday for questioning by Harare CID Homicide section in connection with the alleged crime which took...

Zim freezes Lithium Giant’s bank accounts

Discontent has erupted among employees at Prospect Lithium Zimbabwe (PLZ)’s Arcadia Mine who will not be receiving their salaries after the Reserve Bank of Zimbabwe (RBZ) reportedly froze its bank accounts. PLZ is a Chinese-run multi-million open-pit lithium mining company...

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