Prospect Resources Reports Promising Metallurgical Results at Mumbezhi Project

An update from Prospect Resources Ltd. ( (AU:PSC) ) is now available.

Prospect Resources Limited has announced promising results from ongoing metallurgical tests at its Mumbezhi Copper Project, indicating robust and scalable operations. The tests have produced high-grade copper concentrates with strong recovery rates, supporting the development of a central processing hub. The results suggest that the Mumbezhi Project can deliver strong economic returns, with potential gold by-product credits further enhancing the project’s value. These developments position Prospect Resources favorably within the industry, leveraging simple and low-cost processing methods similar to those used at established mines.

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 the production of high-grade copper concentrates and is working on the Mumbezhi Copper Project in northwest Zambia.

Average Trading Volume: 730,706

Technical Sentiment Signal: Strong Buy

Current Market Cap: A$133.1M

For an in-depth examination of PSC stock, go to TipRanks’ Overview page.