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Prospect Resources Ltd. ( (AU:PSC) ) has provided an announcement.
Prospect Resources Limited has completed the sale of its Step Aside Lithium Project in Zimbabwe to Fatima Resources Pty Ltd for up to US$2.2 million. The transaction includes an upfront payment of US$850,000, a deferred payment of US$150,000, and a potential final payment of up to US$1.2 million contingent on the buyer achieving specific milestones. This strategic move allows Prospect to focus on its larger Mumbezhi Copper Project in Zambia, potentially enhancing its industry positioning and operational focus.
The most recent analyst rating on (AU:PSC) stock is a Buy with a A$0.45 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 (ASX: PSC, FRA:5E8) is an ASX-listed company focused on the exploration and development of electrification and battery metals mining projects in the broader sub-Saharan African region.
Average Trading Volume: 658,310
Technical Sentiment Signal: Buy
Current Market Cap: A$119.8M
For a thorough assessment of PSC stock, go to TipRanks’ Stock Analysis page.