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Prospect Resources Ltd. ( (AU:PSC) ) has provided an announcement.
Prospect Resources Limited has identified a significant new drill target at its West Mwombezhi prospect in Zambia, part of the Mumbezhi Copper Project. The company has commenced diamond drilling to test this target, following promising results from aircore drilling and geochemical sampling. This development is a key milestone for Prospect Resources, as it continues to expand its exploration efforts in the region, with expectations of a busy quarter ahead as they advance multiple projects in parallel.
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 engaged in the mining industry, focusing on the exploration and development of mineral resources. Its primary product is copper, and it is actively involved in regional exploration activities in Zambia, particularly at the Mumbezhi Copper Project.
Average Trading Volume: 576,633
Technical Sentiment Signal: Buy
Current Market Cap: A$143.6M
For an in-depth examination of PSC stock, go to TipRanks’ Overview page.