Prospect Resources Ltd. ( (AU:PSC) ) has issued an update.
Prospect Resources Ltd has been granted two Large-Scale Mining Licences for its Mumbezhi Copper Project in Zambia, marking a pivotal transition for the project and providing a 25-year tenure security. This development enhances the project’s legal and permitting framework, facilitating further advancement, financing, and strategic partnerships. The licences align with Zambia’s vision to increase copper production and offer Prospect the opportunity to negotiate investment incentives under the Zambia Development Agency framework. The company plans to expand its resource base with additional drilling and is committed to working with stakeholders to ensure economic benefits and uphold environmental and social governance standards.
More about Prospect Resources Ltd.
Prospect Resources Ltd is a company operating in the mining industry, focusing primarily on the exploration and development of mineral resources. Its flagship project is the Mumbezhi Copper Project located in north-west Zambia, which positions the company to contribute significantly to the copper production targets of the region.
YTD Price Performance: 15.38%
Average Trading Volume: 409,237
Technical Sentiment Consensus Rating: Sell
Current Market Cap: A$60.13M
For a thorough assessment of PSC stock, go to TipRanks’ Stock Analysis page.