Slide 1: Developing Africa's Largest Lithium Project
For personal use only Inveto Developing Africa’s Largest Lithium Project November 2016 Prospect Resources Limited Prospect Resources Limited (ASX:PSC) Investor Presentation Investor Presentation, November 2016
Slide 2: Disclaimer
Disclaimer For personal use only The information contained in this presentation or subsequently provided to any recipient of this presentation whether orally or in writing by or on behalf of Prospect Resources Ltd (“Prospect Resources or the Company”) or its respective employees, agents or consultan
Slide 3: Competent Persons Statement
Competent Persons Statement For personal use only Competent Persons Statement The information in this announcement that relates to exploration results and the Exploration Target is based on information compiled by or under the supervision of by Mr Roger Tyler, a Competent Person who is a member of T
Slide 4: Corporate Snapshot
Corporate Snapshot Prospect Resources Limited (ASX:PSC) – Advanced lithium and gold company focused on rapid For personal use only expansion of Lithium JORC Resources at the Arcadia Lithium Project in Zimbabwe Market Data Shares Outstanding 1,594,128,296 Market Capitalisation ($A) $47.8m Options 190
Slide 5: Operating in Zimbabwe / Southern Africa
Operating in Zimbabwe / Southern Africa • Zimbabwe is open to foreign investment For personal use only • Arcadia Project reflects the strategic importance of Zimbabwe’s growing mining industry, potential to be largest lithium mine in Africa • Zimbabwe is already the largest lithium producer on the A
Slide 6: Project Summary – Africa's largest Lithium Deposit
Project Summary – Africa’s largest Lithium Deposit For personal use only Arcadia Lithium Project – Key Value Driver • Geology – Deposit contains spodumene and petalite in flat lying, stacked pegmatites hosted in meta-basalts of the Arcturus Formation within Harare Greenstone Belt • Metallurgy – Thre
Slide 7: Growth Strategy: Lithium
Growth Strategy: Lithium For personal use only Strongly funded with $16m cash to accelerate the expansion of Africa’s Largest JORC Lithium Resource at the Arcadia Project, Zimbabwe Exploration and Expand & Upgrade JORC Arcadia Plant / Mine Assessment of Pegmatites Resource Construction Arcadia Explo
Slide 8: Overview
Arcadia Lithium Project Overview For personal use only ~35km east northeast of Harare, Zimbabwe Maiden JORC Resource Estimate of 31Mt at 1.22% & 12Mt at 1.47% Li2O (above 1%) Testwork confirms ability to produce 6.5% spodumene conc. Excellent potential to expand high grade resource along str
Slide 9: Five Rigs Drilling Now
Arcadia Lithium Project – Five Rigs Drilling Now For personal use only Prospect Resources Limited (ASX:PSC) Investor Presentation, November 2016
Slide 10: Activity Timetable
Arcadia Lithium Project – Activity Timetable Month Active Work Program For personal use only May, 2016 • Acquired option to buy Arcadia June, 2016 • Exercised option to acquire 90% interest in Arcadia via Prospect’s 70% owned subsidiary October, 2016 • Delivered Maiden JORC Resource for Arcadia Proj
Slide 11: Large Scale + High Grade
Arcadia Lithium Project – Large Scale + High Grade Prospect’s Arcadia JORC Resource is globally significant owing to its scale, For personal use only grade and access to excellent infrastructure in Zimbabwe • 40 mins drive from Harare on bitumen road, grid power on site, water supply onsite and a re
Slide 12: Arcadia Mineral Resource Estimate
Arcadia Mineral Resource Estimate Prospect expects a significant expansion of Lithium JORC Mineral Resources at Arcadia in coming months For personal use only Arcadia JORC Mineral Resource Estimate Summary PEGMATITE MEASURED INDICATED INFERRED TOTAL Tonnes Li2O % Tonnes Li2O % Tonnes Li2O % Tonnes L
Slide 13: Lithium Expansion
Arcadia Lithium Project – Lithium Expansion For personal use only Prospect Resources Limited (ASX:PSC) Investor Presentation, November 2016
Slide 14: Lithium Peer Comparison
Lithium Peer Comparison For personal use only Prospect Resources Limited (ASX:PSC) Investor Presentation, November 2016
Slide 15: Provisional Flow Sheet
Arcadia Lithium Project - Provisional Flow Sheet For personal use only Proposed Products: 1. Coarse Grain Spodumene >6% 2. Fine Grain Spodumene >6% 3. Coarse Grain Petalite >4% Prospect Resources Limited (ASX:PSC) Investor Presentation, November 2016
Slide 16: Gwanda East Gold Project
Gwanda East Gold Project Prospect plans to ramp up gold production at Gwanda East in 2017 For personal use only • First gold production at Gwanda East announced in April 2016 • Shaft sinking & undeeground development ongoing • Diamond drilling of high grade, narrow veins at Preston West A returned 7
Slide 17: Corporate Structure
Corporate Structure Prospect Resources Ltd For personal use only 100% Prospect Resources Pte Limited Farvic Consolidated Mines (Pvt) Ltd (“Prospect Singapore”) Certified Zimbabwean Indigenous Company (“Farvic”) 70% 30% Hawkmoth Mining & Exploration (Pvt) Ltd Certified Zimbabwean Indigenous Company (
Slide 18: Summary
Summary Developing the High Grade Arcadia Lithium Project For personal use only Prospect Resources is well placed to rapidly expand the JORC resource base at Arcadia with $16m in cash Five drill rigs are onsite aiming to prove up a mineable resource at Arcadia The deposit remains open down dip
Slide 19: Experienced Board & Management Team
Experienced Board & Management Team Mr Hugh Warner Executive Chairman For personal use only Mr Warner holds a Bachelor of Economics from the University of Western Australia. He has broad experience as a public company director, having been a director of a number of publicly listed companies involved
Slide 20: Senior Management & Advisors
Senior Management & Advisors For personal use only Gavin Stevens – COO Roger Tyler - Chief Geologist He is a British geologist, who after almost 30 years working experience in Africa, is now Technical Director for Farvic. He has an Honours degree in Mining Geology from the Royal School of Mines and
Slide 21: Additional Information to Exploration Target
Additional Information to Exploration Target For personal use only The revised Exploration Target is 80 - 100Mt @ 1.1 - 1.4% Li2O*. The Company believes that with further exploration drilling adjacent to the existing project area, both down dip and along strike and in parallel lode systems, there ex
Slide 22: Prospect Resources Limited
Prospect Resources Limited (ASX:PSC) For personal use only Contact: Hugh Warner - Executive Chairman Suite 6, 245 Churchill Avenue, Subiaco, WA 6008 Phone: +61 8 9217 3300 Harry Greaves Executive Director Ph: +263 772 144 669 76 Clark Road, Bulawayo, Zimbabwe www.prospectresources.com.au Prospect Re