Prospect Resources Ltd. (AU:PSC) has released an update.
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Prospect Resources Ltd has made significant strides in its Mumbezhi Copper Project in Zambia, completing 34 of 50 planned drill holes and reporting promising copper intersections. The company has raised A$9.1 million and holds A$12.8 million in cash, ensuring financial stability as it targets a maiden resource estimate by early 2025. Recent regulatory changes in Zambia have bolstered confidence in continued investment and development.
For further insights into AU:PSC stock, check out TipRanks’ Stock Analysis page.
