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Pioneering Zim lithium executive steps down

Business
Harry Greaves

HARRY Greaves, a founding director of Prospect Resources, has stepped down from the board of directors following “a well-planned transition,” the company has announced.

Greaves was a founding director of the lithium miner — the first to carry out full-scale exploration in Zimbabwe at Arcadia.

Under his leadership, the company acquired a portfolio of grassroots exploration assets comprising gold, rare earths and lithium.

This led to the subsequent discovery and drill-out of the Arcadia lithium project, a global top 10 hardrock lithium asset.

“Harry played a pivotal role throughout Prospect’s journey from discovery through to the eventual sale of Arcadia to Huayou Cobalt and will continue to bring this experience and leadership as an adviser to the board,” the company said in a statement.

“Harry will continue to assist Prospect Resources management and operations, by supporting the company with project origination and building a portfolio of battery and electrification metal projects across sub-Saharan Africa.”

Prospect’s non-executive chairperson, Mark Wheatley said Greaves has been a cornerstone of the Prospect team and a key driver of the company’s success through his determination and leadership.

“I would like to take this opportunity to thank Harry for all his efforts over the past 8 years. Harry has been a cornerstone of the Prospect team and a key driver of the company’s success through his determination and leadership,” Wheatley said.

“He was instrumental in our acquisition of the tenement that led to the discovery of the Arcadia asset and its progression through the development cycle. In this process, Harry has built a talented and capable team with a suitable range of expertise, positioning Prospect for future success as it looks to generate new projects. Harry’s experience in the region is naturally something we plan to continue to utilise.”

On December 23, 2021, Prospect announced it had executed a binding agreement with a Chinese resources outfit, Zhejiang Huayou Cobalt Co for the sale of its 87% interest in the Arcadia lithium project for approximately US$378 million.

Following the conclusion of the deal, Zimbabwe reaped about US$30 million as capital gains tax.

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