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Prospect Resources Ltd. ( (AU:PSC) ) has provided an update.
Prospect Resources Ltd has made significant progress in its Phase 2 drilling program at the Mumbezhi Copper Project in Zambia, aiming to extend and upgrade mineral resource estimates. The company has reported promising initial drilling results and successful metallurgical test work, which could enhance its operational efficiency. With a strategic partnership with First Quantum Minerals Ltd, Prospect is well-funded and positioned to advance its exploration efforts, potentially increasing its market presence in the Zambian copper sector.
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 Ltd is a company operating in the mining industry, focusing on copper exploration and development. Its primary project is the Mumbezhi Copper Project in Zambia, where it aims to expand and upgrade its mineral resource estimates.
Average Trading Volume: 697,722
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$126.1M
For a thorough assessment of PSC stock, go to TipRanks’ Stock Analysis page.