Update on Arcadia CPs including results of meeting

Prospect Resources Limited (ASX: PSC, FRA:5E8) (Prospect or the Company) provides the following update on the status of conditions precedent to the transaction previously announced between, among other parties, Prospect’s 100%-owned subsidiary Prospect Minerals Pte Ltd and Huayou International Mining (Hong Kong) Limited (Huayou) (the Transaction) in relation to the sale of Prospect’s 87% interest