Prospect Resources Ramps Up Copper Exploration

Prospect Resources Ltd. (AU:PSC) has released an update.

Prospect Resources Ltd. reports promising extensional drilling results at the Mumbezhi Copper Project, with significant high-grade copper intercepts enhancing the project’s prospectivity. The company is ramping up exploration with additional drilling rigs and conducting a ground-based survey, targeting a maiden JORC-compliant Copper Mineral Resource estimate by Q1 2025. These efforts are part of a broader strategy to advance the project, including environmental and social impact assessments for completion next year.

For further insights into AU:PSC stock, check out TipRanks’ Stock Analysis page.