Arcadia Lithium owner posts US$3,7m loss

AUSTRALIA Stock Exchange-listed lithium producer, Prospect Resources, which is developing Arcadia Lithium Mine near Harare, recorded a loss after tax of US$3,7 million during the year ended June 30, 2021, the firm said yesterday.

Prospect said this figure represented a 19% improvement after registering a loss of US$4,6 million during the same period last year.

Arcadia is the firm’s flagship operation.

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