{"id":73378,"date":"2023-01-31T17:02:31","date_gmt":"2023-01-31T15:02:31","guid":{"rendered":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/takeover-of-goromonzi-based-arcadia-lithium-mine-attracts-investors-for-prospect"},"modified":"2023-01-31T19:42:57","modified_gmt":"2023-01-31T17:42:57","slug":"takeover-of-goromonzi-based-arcadia-lithium-mine-attracts-investors-for-prospect","status":"publish","type":"post","link":"https:\/\/www.africa-press.cc\/zimbabwe\/all-news\/takeover-of-goromonzi-based-arcadia-lithium-mine-attracts-investors-for-prospect","title":{"rendered":"Takeover Of Goromonzi-based Arcadia Lithium Mine Attracts Investors For Prospect"},"content":{"rendered":"

Africa-Press – Zimbabwe. <\/strong><\/span>The Australia Stock Exchange (ASX)-listed Prospect Resources, which is propping up Zimbabwe\u2019s lithium rush, said yesterday it is attracting high-end investors following the multi-million-dollar takeover of Goromonzi-based Arcadia Mine about two years ago.<\/p>\n

Prospect Resources, which is developing Step Aside lithium mine near Arcadia, sold its first asset to Chinese investors two years ago in a US$378 million deal.<\/p>\n

In this quarter, Arcadia will ship its first resource after five years of exploration and mine development, NewsDay reported.<\/p>\n

Sam Hosack, CEO and Managing Director, stated in a message to investors that the company would focus its efforts on utilizing the Step Aside resource, helped by a fund of US$21 million. He said:<\/p>\n

The successful completion of our Arcadia transaction continues to attract first-rate partners seeking development partners, putting the organisation in a leading position to capitalise on the mineral-rich sub-Saharan region.<\/p>\n

His report included findings from Prospect\u2019s first exploratory drilling campaign at Step Aside during the quarter.<\/p>\n

The project is a single claim with a total area of about 100 hectares within the Harare Greenstone Belt, west of the Mashonganyika Fault, and is eight kilometres north of Arcadia Lithium Mine.<\/p>\n

Prospect owns the claim outright.<\/p>\n

Prospect said it had cash reserves of over A$30.3 million (US$21.47 million), placing it in a good position to operate during the current year.<\/p>\n

In Zimbabwe and the larger sub-Saharan African region, the company is targeting mining projects involving raw materials for batteries and electrification.<\/p>\n

For More News And Analysis About Zimbabwe<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Zimbabwe. The Australia Stock Exchange (ASX)-listed Prospect Resources, which is propping up Zimbabwe\u2019s lithium rush, said yesterday it is attracting high-end investors following the multi-million-dollar takeover of Goromonzi-based Arcadia Mine about two years ago. Prospect Resources, which is developing Step Aside lithium mine near Arcadia, sold its first asset to Chinese investors two […]<\/p>\n","protected":false},"author":84,"featured_media":73377,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,6],"tags":[1493,2189,9876,6918,19],"class_list":{"0":"post-73378","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-all-news","8":"category-economy","9":"tag-africa-press","10":"tag-africa-press-zimbabwe-2","11":"tag-arcadia-lithium-project","12":"tag-prospect-resources-limited","13":"tag-zimbabwe"},"yoast_head":"\nTakeover Of Goromonzi-based Arcadia Lithium Mine Attracts Investors For Prospect - zimbabwe<\/title>\n<meta name=\"description\" content=\"The Australia Stock Exchange (ASX)-listed Prospect Resources, which is propping up Zimbabwe\u2019s lithium rush, said yesterd ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/takeover-of-goromonzi-based-arcadia-lithium-mine-attracts-investors-for-prospect\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Takeover Of Goromonzi-based Arcadia Lithium Mine Attracts Investors For Prospect\" \/>\n<meta property=\"og:description\" content=\"The Australia Stock Exchange (ASX)-listed Prospect Resources, which is propping up Zimbabwe\u2019s lithium rush, said yesterd ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/takeover-of-goromonzi-based-arcadia-lithium-mine-attracts-investors-for-prospect\" \/>\n<meta property=\"og:site_name\" content=\"zimbabwe\" \/>\n<meta property=\"article:published_time\" content=\"2023-01-31T15:02:31+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-01-31T17:42:57+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2023\/01\/postQueueImg_1675171968.95.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"600\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/takeover-of-goromonzi-based-arcadia-lithium-mine-attracts-investors-for-prospect\",\"url\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/takeover-of-goromonzi-based-arcadia-lithium-mine-attracts-investors-for-prospect\",\"name\":\"Takeover Of Goromonzi-based Arcadia Lithium Mine Attracts Investors For Prospect - 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