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Prospect Resources Secures A$45M to Boost Mumbezhi Copper Exploration

9:40am on Monday 16th of February, 2026 AEDT Mining
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Prospect Resources Secures A$45M to Boost Mumbezhi Copper Exploration

9:40am on Monday 16th of February, 2026 AEDT
Key Points
  • A$45 million equity placement at A$0.38 per share
  • Funding to support 50,000m of drilling and metallurgical studies
  • Phase 3 drilling to start in Q2 2026 targeting resource growth
  • Major shareholder Eagle Eye maintains 15.1% stake via conditional tranche
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