Zimbabwe has issued a lithium mining lease to Prospect Resources, the Australia-listed Africa focused mining company.
Prospect said Zimbabwe’s Mining Affairs Board issued the lease for its Arcadia Lithium Mine – putting the African nation in play as a battery materials supplier.
Under Zimbabwe’s laws, a mining lease is a perpetual licence renewed annually, Prospect said.
The lease covers an area of 1,031 hectares and encompasses some 57 mining claims owned by Prospect Lithium Zimbabwe.
Prospect announced last month that its Arcadia lithium carbonate pilot plant had milled more than two tones of ore. The company said then its lithium carbonate inventory stood at 100 kilogrammes, “all of which awaits final purification to battery grade levels”.
