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The latest update is out from Prospect Resources Ltd. ( (AU:PSC) ).
Prospect Resources Limited has announced the final results of its Phase 1 drilling program at the Nyungu Central deposit, part of the Mumbezhi Copper Project. The results reveal significant copper mineralization, extending the deposit’s strike length and increasing its potential within the 5km Nyungu corridor. With 25,000 meters of drilling completed, the company is on track to declare an initial mineral resource estimate in Q1 2025. These developments are expected to bolster the company’s resource base and support the growth of copper resources in the region, enhancing its standing in the copper mining sector.
More about Prospect Resources Ltd.
Prospect Resources Limited is a company operating in the mining industry, focusing primarily on copper exploration and development. The company is engaged in advancing its projects, particularly the Mumbezhi Copper Project, to enhance its market position and expand its resource base.
YTD Price Performance: 8.79%
Average Trading Volume: 416,092
Technical Sentiment Consensus Rating: Sell
Current Market Cap: A$56.6M
Find detailed analytics on PSC stock on TipRanks’ Stock Analysis page.
