Ann: Pre-Feasibility Study - Arcadia Lithium Project, page-3

The estimated Capital Expenditure (including initial working capital) of USD52.5 Million represents a key variable in the PFS result, and certainly supports the Company’s aims and objectives of bringing Arcadia into production before the end of 2018.

“We decided to extend the PFS period to ensure our extensive metallurgical testwork programs were completed in order to properly support these aspects of the PFS. We are now confident that Arcadia will have the ability to produce battery grade lithium, glass & ceramic grade lithium and tantalite products to the market by late 2018.”

“The Prospect Resources team, along with our key consultants and contractors must be thanked for the hard work and effort put in, adding significant value to our Company and shareholders.” The PFS has demonstrated Arcadia’s potential to create significant shareholder value and our next task is to focus on bringing Arcadia into production by end 2018 and to further assess the downstream beneficiation options at Arcadia.”

FIREWORKS ! Great PFS certainly worth waiting for !