Prospect Resources stumbles on high-grade lithium deposits

LITHIUM miner, Prospect Resources Limited (PRL) has announced the discovery of high-grade lithium deposits at its Step Aside Mine, in Goromonzi, following the completion of its second diamond drilling phase.

Step Aside Mine, acquired by PRL in March 2022, is eight kilometres north of the miner’s former mining prospect, Arcadia Lithium Mine which was sold to Chinese miner Huayou Cobalt Co Ltd last year for US$422 million.

Phase 2 of a diamond drilling programme at the Step Aside Lithium Project was completed earlier this month after it began nearly three and half months back.

This story is for NewsDay subscribers.