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An announcement from Prospect Resources Ltd. ( (AU:PSC) ) is now available.
Prospect Resources Limited has announced significant assay results from its Phase 2 drilling program at the Kabikupa deposit, part of the Mumbezhi Copper Project in Zambia. The results have extended the copper mineralization along a strike exceeding 1km, with notable intervals indicating meaningful upside to the existing mineral resource estimate. These findings are crucial to the company’s strategy of expanding the project’s scale and align with Zambia’s national goal of increasing copper production. The ongoing exploration efforts, supported by strategic partners like First Quantum, underscore Prospect’s commitment to developing a major new copper asset in the region.
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 is a company operating in the mining industry, primarily focused on the exploration and development of copper resources. The company is actively engaged in the Mumbezhi Copper Project located in north-west Zambia, which is a significant part of its strategic efforts to expand its copper resource base.
Average Trading Volume: 608,610
Technical Sentiment Signal: Buy
Current Market Cap: A$140.7M
See more insights into PSC stock on TipRanks’ Stock Analysis page.