The Board of Directors of Prospect Resources Ltd (ASX:PSC) are pleased to announce the appointment of Mr Qingjiao Yu, as a non-executive director of Prospect Resources Limited ("PSC" or "Company"). Ms Yan Wang has also been appointed as an alternate non-executive director to Mr Yu. Mr Yu has over fifteen years of experience in the Lithium-ion battery industry in China and is well known for being a key figure in the China battery technology sector.
Currently, Mr Yu is Chairman and CEO of Energy Finance Net and China Battery Net. He is also the President for Chinese Battery Magazine, Secretary-General for ABEC BBS (Lithium electricity "Davos") committee and also a Director of Zhongguancun Battery Industry Technology Innovation Alliance.
Chairman of the Company, Hugh Warner said that "Mr Yu's position within the Chinese lithium battery space will give Prospect with an enviable access to a wide range of potential end users. We look forward to working closely with Mr Yu, beginning with the China Battery Conference on 22 November 2016".
Prospect already has the largest JORC reportable lithium deposit in Africa. We have 5 drilling rigs on site working to expand this resource.
The Company's Arcadia Lithium deposit is strategically located to be able to supply product to both Europe and Asia.
Hugh Warner Executive Chairman Prospect Resources Ltd T: +61-413-621-652 Harry Greaves Prospect Resources Ltd Executive Director T: +263-772-144-669 WWW: www.prospectresources.com.au
