Prospect signs offtake at Arcadia

Lithium developer Prospect Resources has inked a long-term offtake agreement with Belgium-based Sibelco for ultra-low iron petalite production from the Arcadia lithium project, in Zimbabwe.

The offtake agreement will span seven years and would cover 100 000 t/y of high quality, ultra-low iron petalite concentrate, resulting in up to 700 000 t over the life of the contract.