Australia-based Prospect Resources (Prospect) says it has secured a $10 million line of credit which it will use to fund development costs for its Zimbabwean Arcadia lithium mine. The facility, availed by the Reserve Bank of Zimbabwe, has a 7,5 percent interest rate and a capital repayment holiday of 12 months, after which, monthly repayments will be made for a period of 24 months. Prospect told shareholders on Tuesday that the loan was another building block in the financing of Arcadia, and was tangible evidence of the government’s support for the project.