PSC prospect resources limited
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Well, I digged it out :) PROSPECT RES: SINOMINE $10M TO BACK...

  1. justfriendau
    411 Posts.
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    29/03/18
    23:24
    Post #: 32135113
    Well, I digged it out
    PROSPECT RES: SINOMINE $10M TO BACK ARCADIA LITHIUM PROJECT


    Harare, Nov 10
    Chinese geo-tech services company Sinomine has reached conditional agreement on a $A10M placement and off-take agreement to back Prospect's proposed $US52.5M Arcadia lithium project in Zimbabwe.
    The company, an associate of China Nonferrous Metal Mining, proposes to acquire 390,000t spodumene concentrate and 1,097,000t petalite concentrate over 7 years.
    Prospect and Sinomine aim to agree within 3 months on a build and transfer contract to build and commission the Arcadia mine, tailings facilities, plant, equipment and infrastructure.



    https://www.miningbusiness.net/content/prospect-res-sinomine-10m-back-arcadia-lithium-project
    PSC Price at posting: 5.5¢ Sentiment: Buy Disclosure: Held
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