April 20, Zimbabwe, 18:00 local time, Zhejiang Huayou Cobalt Co. Ltd (hereinafter referred to as “Huayou Cobalt”) and the Australian listed company Prospect Resource Ltd (hereinafter shorted as “Prospect Resource”) and its wholly-owned subsidiary Prospect Lithium Zimbabwe(Pvt) Ltd held a ceremony to hand over the Arcadia Lithium Project in Zimbabwe. The event was attended by Hon. Winston Chitando, Minister of Mines and Mining Development Ministry of Zimbabwe, Steven Charangwa, Investment Officer of the Zimbabwe Investment Authority, and Ellen Ruparanganda, Director of the Competition and Tariff Commission.