- Write by:
-
Thursday, February 25, 2021 - 1:55:08 PM
-
578 Visit
-
Print
Mining News Pro - Lithium developer Prospect Resources is looking at the staged development of its Arcadia project, in Zimbabwe, following a strategic review.
The ASX-listed company on Thursday reported that the strategic review concluded that an initial smaller commercial scale production facility, using the existing feasibility study dense media separation flowsheet, would allow for greater speed to market, higher technical certainty, significantly lower risk and reduced capital and operating costs.
This initial smaller-scale operation would be preferred over the inclusion of petalite flotation in place of the dense media separation, with Prospect telling shareholders that the increase in petalite recovery was insufficient justification to compensate for the higher technology risk for the startup operations.
In line with the staged development plan, the company would now undertake a revised feasibility study for a staged development plan of 1.2-million to 2.4-million tonnes a year, which will include front-end engineering design to improve technical certainty and reduce execution risk by providing greater accuracy on equipment selection, sizing, and resulting project economics.
“The staged development plan of 1.2-million to 2.4-million tonnes a year reduces time to production by leveraging lower capital expenditure and will enable expansion in line with market growth,’ said Prospect MD Sam Hosack.
“This development strategy allows risk to be managed effectively. Critically, Prospect maintains the ability to go direct to nameplate capacity of 2.4-million tonnes a year should market conditions and funding activities allow.”
The decision to stage the development has also resulted in changes to the pilot plant design, which will use the dense media separation flow sheet to deliver petalite product samples to customer qualification with greater speed and certainty than the alternative flotation flow sheet.
Short Link:
https://www.miningnews.ir/En/News/611581
Jiang Weiping, the founder of major Chinese lithium producer Tianqi Lithium Corp., resigned as chairman after the ...
China’s Tianqi Lithium said on Thursday it has formally requested that a proposed joint venture between lithium company ...
India is in talks with several countries seeking partnerships for technical help on lithium processing, said four ...
Chile’s state copper company Codelco defended its proposed lithium production tie-up with SQM in response to criticism ...
Nigeria has revoked 924 dormant mining titles immediately and invites investors to freely apply for the affected ...
Chile’s state-run miner Codelco plans to select a partner for a future lithium project in one of the country’s top salt ...
Chile’s SQM called another investors meeting at the request of its second-largest shareholder, Tianqi Lithium Corp., ...
Lithium supplier Vulcan Energy on Wednesday announced the start of production of the first lithium chloride at its ...
A stuttering recovery in lithium prices is providing a fresh reminder of why the dramatic rally of recent years was ...
No comments have been posted yet ...