Prospect Resources Ltd. (AU:PSC) has released an update.
Prospect Resources Ltd has announced significant advancements in its Mumbezhi Copper Project in Zambia, including the acquisition of an 85% interest and the commencement of a major drilling program aimed at defining and expanding the mineral resource. The company is also exploring commercialization strategies for its lithium projects to fund its copper endeavors, demonstrating a strategic shift towards copper with the monetization of the Step Aside Lithium Project in Zimbabwe. With a strong cash position and no debt, the company is strategically placed for bold exploration activities in the second half of 2024.
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