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The latest update is out from Prospect Resources Ltd. ( (AU:PSC) ).
Prospect Resources Limited announced impressive initial results from its exploration drilling at the Kabikupa Prospect within the Mumbezhi Copper Project. The Phase 1 drilling, which included five diamond holes, revealed significant copper sulphide mineralisation over an 820-meter strike, validating previous historical results. These findings extend the high-grade copper mineralisation footprint and suggest potential for a sizeable mineral resource at Kabikupa. The company plans to complete a maiden Mineral Resource estimate for both Kabikupa and Nyungu Central in Q1 2025, with further drilling planned for the first half of 2025. This development strengthens Prospect Resources’ positioning in the copper mining sector and signals promising opportunities for stakeholders.
More about Prospect Resources Ltd.
Prospect Resources Limited is a company operating in the mining industry, focusing on exploration and development of mineral resources. The company’s primary focus is on copper exploration, with a significant project being the Mumbezhi Copper Project.
YTD Price Performance: 6.67%
Average Trading Volume: 423,413
Technical Sentiment Consensus Rating: Sell
Current Market Cap: A$54.89M
Learn more about PSC stock on TipRanks’ Stock Analysis page.
