Prospect plans to sell Step Aside lithium asset

PROSPECT Resources Limited says its Step Aside lithium project in Zimbabwe has reached a critical milestone, positioning it for monetisation.

The potential revenue from this project, according to Prospect managing director and chief executive officer Sam Hosack, is expected to support the exploration and development of the priority Mumbezhi Copper project in Zambia.

In 2021, Prospect sold the Arcadia lithium fields to Chinese giant Zhejiang Huayou Cobalt for US$378 million, after which it pounced on Step Aside.

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