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Prospect Resources Ltd. ( (AU:PSC) ) has provided an update.
Prospect Resources Limited has announced significant progress in its Phase 2 exploration at the Mumbezhi Copper Project in Zambia, with promising initial assay results from the Nyungu Central deposit. The company is utilizing advanced exploration techniques, including diamond drilling and airborne electromagnetic surveys, to expand its mineral resource estimates and enhance its position in the Zambian Copperbelt. The collaboration with First Quantum Minerals has been instrumental in advancing the project, with efforts focused on identifying and targeting untested regional prospects to grow the project’s scale significantly.
The most recent analyst rating on (AU:PSC) stock is a Buy with a A$0.30 price target. To see the full list of analyst forecasts on Prospect Resources Ltd. stock, see the AU:PSC Stock Forecast page.
More about Prospect Resources Ltd.
Prospect Resources Limited is a company engaged in the exploration and development of mineral resources, focusing primarily on copper exploration projects. The company is actively involved in the Mumbezhi Copper Project located in north-west Zambia, aiming to expand its mineral resource estimates and enhance its market position in the copper industry.
Average Trading Volume: 803,304
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$129.6M
For an in-depth examination of PSC stock, go to TipRanks’ Overview page.