Prospect Resources Limited is an Australia-based company, which is principally engaged in the exploration and evaluation of mineral resources. The Company's geographical segments include Australia and Zimbabwe. The Company's projects include Arcadia High Grade Lithium Project, Gwanda East Gold Project, Bucks Reef Gold Mine, Penhalonga Gold Project and Chisanya Phosphate Project. The Arcadia High Grade Lithium Project is situated approximately 35 kilometers northeast of Harare, Zimbabwe close to the Arcturus Gold mine. The Gwanda East Gold Project is located in the Gwanda Greenstone Belt and covers Prestwood Mine, Prestwood A, Bucks Reef, Sally Mine and other smaller mines. The Penhalonga Gold Project consists of a number of shear and vein hosted gold deposits along the southern side of the Penhalonga Valley covering an area of approximately 1.8 square kilometers. The Chisanya Phosphate Project is a phosphate bearing carbonatite in Zimbabwe.