The Assay TV welcomes Sam Hosack, managing director of Prospect Resources (ASX: PSC | FRA: 5E8) at 121 Mining Investment London, a company focused on the exploration and development of mining projects, specifically battery and electrification minerals, in the broader sub-Saharan African region.
Sam breaks down the three different jurisdictions Prospect operates in, first focusing in on the Step Aside lithium project in Zimbabwe, then the Omaruru lithium project Namibia, and last the Kasya rare earths project in Zambia.
He also chats about lithium pricing and how Prospects preparedness has helped them curb the stickiness of the current lithium market. In 2022, the company sold the Arcadia project for A$30M and the sale helped the company secure funding for what they anticipated to be a bumpy period as well as may be used to acquire a new asset going forward.
Primary tickers: ASX:PSC, FRA:5E8
Stages of development: Exploration, Development, Production
Commodities: Lithium, REE, Copper, Nickel
Projects to promote: Step Aside & Omaruru Lithium Projects
Project locations: Zimbabwe, Namibia
This interview was recorded at our 121 Mining Investment London event from 20-21 November 2023. For more information about the event and those who participated, click here: https://www.weare121.com/121mininginvestment-london/