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Prospect Resources (ASX:PSC) defines REE anomalies at Chishanya


Prospect Resources (ASX:PSC) defines REE anomalies at Chishanya
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Prospect Resources (PSC) identifies two large rare earth element anomalies at its Chishanya Carbonatite Project in Zimbabwe
The anomalies, dubbed Chishanya Hill and Baradanga Ridge have been outlined from a soil sampling program
213 samples from these areas are valued at over 1170 parts per million (ppm) total rare earth oxides (TREO) and eight are valued at over 2330ppm TREO
Based on the results, Prospect has exercised the option to purchase the adjoining Chishanya tenements and will undertake further sampling
Company shares are up 1.54 per cent to trade at 33 cents ....

Chishanya Hill , Sam Hosack , Baradanga Ridge , Meikle Mining Syndicate , Prospect Resources , Chishanya Carbonatite Project , Director Sam Hosack , Arcadia Lithium Project , சாம் ஹோசாக் , ப்ராஸ்பெக்ட் வளங்கள் , இயக்குனர் சாம் ஹோசாக் , ஆர்கேடியா லித்தியம் ப்ராஜெக்ட் ,

Prospect now owns 87pc of the world-class Arcadia lithium project


Prospect now owns 87pc of the world-class Arcadia lithium project
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Near term lithium miner Prospect Resources (ASX:PSC) has increased ownership in the tier 1 Arcadia lithium project in Zimbabwe by 17% to 87%.
Prospect will issue about 9.5 million shares and $1.2m cash to vendor Farvic Consolidated Mines.
The shares issued are subject to a voluntary escrow, with 25% set to be released every six months.
The increase in ownership will have a major positive impact on financing Arcadia project development, the company says.
 
A near-term potential producer
The Arcadia project in Zimbabwe has a high grade JORC mineral resource of 43.2 million tonnes at 1.45% lithium oxide and 119 parts per million tantalum pentoxide for 61.5 million tonnes of lithium oxide and 11.3 million pounds of tantalum pentoxide. ....

Zimbabwe General , Prospect Resources , Farvic Consolidated , Feasibility Study , ப்ராஸ்பெக்ட் வளங்கள் ,