Prospect Resources Limited (ASX: PSC) is an Australian-listed mining company specializing in the exploration and development of battery and electrification metals in Zimbabwe, Zambia, and the broader sub-Saharan African region. The company holds an 85% stake in the Mumbezhi Copper Project in Zambia's Central African Copperbelt, a prime location with substantial copper deposits.
Recent advancements include the validation of Induced Polarization (IP) geophysics as a reliable exploration tool at the Nyungu Corridor, confirming its effectiveness in identifying copper mineralization. The project has shown strong correlation between historical IP surveys and recent drilling results, enhancing exploration targeting.
Key upcoming milestones include the completion of a Maiden Mineral Resource Estimate (MRE) in Q1 2025, followed by Phase 2 drilling in Q2 2025. The company's Environmental and Social Impact Assessment (ESIA) has been approved, positioning it for future mining operations.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
