Source: Lithium firm establishes lab in Zimbabwe | The Financial Gazette February 28, 2018
Lithium firm establishes lab in Zimbabwe
ONE of Zimbabwe’s largest lithium producer, Prospect Resources (Prospect), has established a laboratory complex in Kwekwe aimed at enhancing production of lithium carbonate.
Hugh Warner, Prospect chairman said the latest development is a significant achievement for both the company and Zimbabwe.
“Producing high grade battery quality lithium carbonate that exceeds industry norms bodes well for the ultimate company goal of a large scale lithium carbonate facility in-country. This entire process has been designed and built in-country using local skills and services further demonstrating the business friendly environment that Zimbabwe is rapidly becoming,” he said.
The latest development comes after the Australia Stock Exchange-listed firm ASX-listed Prospect Resources has raised $10 million before costs in an oversubscribed placement of 166 million shares at an issue price of 6c per share. – Business Live
COMMENTS
Well done. This is encouraged.