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Prospect Resources receive approval from RBZ to increase Arcadia ownership to 87%

African lithium developer, Prospect Resources Ltd (ASX: PSC) (“Prospect Resources” or “the Company”) is pleased to announce that the Reserve Bank of Zimbabwe (“RBZ”) has approved its acquisition of an additional 17% of the Arcadia Lithium Project in accordance with the sale and purchase agreement dated 3 October 2018. Prospect will make a further announcement on completion of the transaction.

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