CONSOLIDATED BALANCE SHEETS (USD $)	Aug. 06, 2012	Mar. 31, 2012
Current assets
Cash and cash equivalents	$ 1,283,007	$ 11,300,208
Accounts receivable	673	673
Related party receivable	25,000	25,000
Other current assets	391,536	827,875
Total current assets	1,700,216	12,153,756
Noncurrent assets
Mineral properties	20,066,545	13,468,520
Equipment (net of accumulated depreciation of $13,668 and $5,993, respectively)	224,476	82,516
Deposits	79,912	79,912
Total noncurrent assets	20,370,933	13,630,948
Total assets	22,071,149	25,784,704
Current Liabilities
Accounts payable	2,829,206	672,195
Accrued liabilities	2,539,600	843,551
Total current liabilities	5,368,806	1,515,746
Grandhaven Option	4,060,635	4,060,635
Total liabilities	9,429,441	5,576,381
Commitments and Contingencies (Note 10)
SHAREHOLDERS' EQUITY
Preferred stock: $0.001 par value; 10,000,000 shares authorized; none outstanding
Common stock: $0.001 par value; 100,000,000 shares authorized; 39,489,173 issued and outstanding at June 30, 2012 and March 31, 2012	39,489	39,489
Stock committed not yet issued	1,000,004
Additional paid-in capital	86,718,841	91,957,720
Losses accumulated in the development stage	(83,031,569)	(79,710,846)
Total shareholders' equity - Prospect Global Resources Inc.	4,726,765	12,286,363
Non-controlling interest	7,914,943	7,921,960
Total shareholders' equity	12,641,708	20,208,323
Total liabilities and shareholders' equity	$ 22,071,149	$ 25,784,704