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How Prospect Resources’ $18.5M Boost Fuels Mumbezhi Copper Expansion

9:13am on Monday 28th of July, 2025 AEST Mining
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How Prospect Resources’ $18.5M Boost Fuels Mumbezhi Copper Expansion

9:13am on Monday 28th of July, 2025 AEST
Key Points
  • Phase 2 drilling program commenced with 18,000m planned at Mumbezhi
  • Initial assays confirm thick copper mineralisation at Nyungu Central
  • Metallurgical tests yield high-grade copper concentrates with excellent recoveries
  • First Quantum Minerals invests A$18.5 million, becoming a 15% shareholder
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