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