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Prospect Resources Seals $2.2M Deal to Divest Zimbabwe Lithium Asset
8:59am on Tuesday 25th of November, 2025 AEDT
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Mining
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Prospect Resources Seals $2.2M Deal to Divest Zimbabwe Lithium Asset
8:59am on Tuesday 25th of November, 2025 AEDT
Key Points
Sale of Step Aside Lithium Project completed for up to US$2.2 million
Upfront payment of US$850,000 received, with deferred payments contingent on milestones
Step Aside asset developed with drilling from 2022-24 before lithium price downturn
Strategic pivot to focus on Mumbezhi Copper Project in northern Zambia
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