Attractive Prospects in today’s Lithium pegmatite announcement
Hey! Looks like you have stumbled on the section of our website where we have archived articles from our old business model.
In 2019 the original founding team returned to run Next Investors, we changed our business model to only write about stocks we carefully research and are invested in for the long term.
The below articles were written under our previous business model. We have kept these articles online here for your reference.
Our new mission is to build a high performing ASX micro cap investment portfolio and share our research, analysis and investment strategy with our readers.
Click Here to View Latest Articles
Editor’s note: Prospect Resources is a very high risk stock. Getting mining projects up and running in countries such as Zimbabwe is no simple feat for political and social reasons, and there may be challenges ahead. You need to fully inform yourself of all factors and information relating to this company before engaging with it.
Prospect Resources announced today the encouraging discovery of a new lithium bearing pegmatite within their Greater Arcadia High Grade project area located near Harare, the capital city of Zimbabwe.
An approximate 300m length outcrop of lithium-bearing pegmatite was discovered 1.5km down dip from the known strike.
This discovery is still in the beginning stages of the Arcadia project, with to-date drilling now covering approximately 12 per cent of the company’s total exploration area. The company are mobilising additional rigs to target this newly discovered outcrop, and an approximate 500m spaced scout drilling programme is underway to determine the overall size of the pegmatite system.
Of course none of this will amount to much in the way of profit unless the junior company can lock down lucrative offtake agreements. Earlier in September, Prospect advised it was in discussions with more than five Asian lithium carbonate and lithium hydroxide producers, with expectations that agreements will be completed prior to December 31.
The steady rise in the use of smartphones world-wide as well as predictions around the expansive use of electric cars as soon as 2020 mean the manufacture of devices which run off lithium-ion batteries are only set to increase. These factors should bode well for investors, providing the amounts of lithium in Prospect Resource’s exploration areas are as high as initial findings suggest.
The Perth-based company is set to carry out further resources definition holes. The findings from these holes will assist in Prospect’s planning around camp accommodation, a processing plant and the strategic placement of equipment.
General Information Only
This material has been prepared by Jason Price. Jason Price is an authorised representative (AR 000296877) of 62 Consulting Pty Limited (ABN 88 664 809 303) (AFSL 548573) (62C), and a Director of S3 Consortium Pty Ltd (trading as StocksDigital).
This material is general advice only and is not an offer for the purchase or sale of any financial product or service. The material is not intended to provide you with personal financial or tax advice and does not take into account your personal objectives, financial situation or needs. Although we believe that the material is correct, no warranty of accuracy, reliability or completeness is given, except for liability under statute which cannot be excluded. Please note that past performance may not be indicative of future performance and that no guarantee of performance, the return of capital or a particular rate of return is given by 62C, Jason Price, StocksDigital, any of their related body corporates or any other person. To the maximum extent possible, 62C, Jason Price, StocksDigital, their related body corporates or any other person do not accept any liability for any statement in this material.
Conflicts of Interest Notice
S3 and its associated entities may hold investments in companies featured in its articles, including through being paid in the securities of the companies we provide commentary on. We disclose the securities held in relation to a particular company that we provide commentary on. Refer to our Disclosure Policy for information on our self-imposed trading blackouts, hold conditions and de-risking (sell conditions) which seek to mitigate against any potential conflicts of interest.
Publication Notice and Disclaimer
The information contained in this article is current as at the publication date. At the time of publishing, the information contained in this article is based on sources which are available in the public domain that we consider to be reliable, and our own analysis of those sources. The views of the author may not reflect the views of the AFSL holder. Any decision by you to purchase securities in the companies featured in this article should be done so after you have sought your own independent professional advice regarding this information and made your own inquiries as to the validity of any information in this article.
Any forward-looking statements contained in this article are not guarantees or predictions of future performance, and involve known and unknown risks, uncertainties and other factors, many of which are beyond our control, and which may cause actual results or performance of companies featured to differ materially from those expressed in the statements contained in this article. S3 cannot and does not give any assurance that the results or performance expressed or implied by any forward-looking statements contained in this article will actually occur and readers are cautioned not to put undue reliance on forward-looking statements.
This article may include references to our past investing performance. Past performance is not a reliable indicator of our future investing performance.
