Prospect Resources Begins Phase 2 Drilling at Mumbezhi Copper Project

Prospect Resources Ltd. ( (AU:PSC) ) just unveiled an announcement.

Prospect Resources Limited has commenced Phase 2 drilling at its Mumbezhi Copper Project in Zambia, aiming to expand and upgrade its existing mineral resource estimates. The program includes approximately 18,000 meters of drilling, targeting extensions at Nyungu Central and Kabikupa, and exploring new prospects at Nyungu North, West Mwombezhi, and Nyungu South. The project is supported by a strategic partnership with First Quantum Minerals, which provides additional expertise and funding, enhancing Prospect’s ability to make new discoveries and accelerate production. This initiative is expected to strengthen Prospect’s position in the copper mining industry and potentially increase its resource base 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 operating in the mining industry, primarily focusing on the exploration and development of mineral resources. The company is engaged in copper mining projects, with a significant presence in the Zambian Copperbelt, a renowned region for copper production.

Average Trading Volume: 828,953

Technical Sentiment Signal: Strong Buy

Current Market Cap: A$94.98M

For detailed information about PSC stock, go to TipRanks’ Stock Analysis page.