Prospect Resources Reports Promising Testwork Results at Mumbezhi Copper Project

The latest announcement is out from Prospect Resources Ltd. ( (AU:PSC) ).

Prospect Resources Limited announced excellent results from flotation testwork on sulphide materials from the Nyungu Central deposit at its Mumbezhi Copper Project in Zambia. The testwork, conducted by Core Metallurgy Pty Ltd, demonstrated high-grade copper concentrates with impressive recoveries, indicating a significant geo-metallurgical advancement for the project. The results suggest a coarser grind size could reduce plant capital and operating costs, enhancing the project’s commercial viability. Following a strategic placement and technical alliance with First Quantum, Prospect is well-funded for its 2025 exploration and development plans, including ongoing testwork and phase 2 drilling.

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, focusing primarily on the exploration and development of mineral resources. The company is engaged in the production of copper concentrates, with a significant focus on projects in the Zambian Copper Belt.

Average Trading Volume: 843,908

Technical Sentiment Signal: Strong Buy

Current Market Cap: A$94.98M

Find detailed analytics on PSC stock on TipRanks’ Stock Analysis page.