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Zimbabwe is starting to embrace electric cars with the Government, through the Central Mechanical Equipment Department (CMED)

Prospect Resources (ASX:PSC) defines REE anomalies at Chishanya SubscribeBe the first with the news that moves the market 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 tene...

Prospect now owns 87pc of the world-class Arcadia lithium project Mining share clipboard 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 proje...

Zimbabwe commissions pilot lithium plant Zimbabwe commissions pilot lithium plant HARARE – Zimbabwe’s prospects of becoming a major supplier of lithium, a critical raw material for modern batteries, inched closer yesterday with the commissioning of a pilot plant at Arcadia Lithium Mine near Harare. Australia-listed Prospect Resources, which secured a long-term off-take partner for Arcadia with Sibelco of Belgium, has been moving forward with its mining venture that will see high-grade lithium ore from Zimbabwe competing on world markets. Demand for lithium is growing fast and as the ...