Latest Prospect Resources (ASX:PSC) News

Prospect Resources has agreed to sell its Step Aside Lithium Project in Zimbabwe for up to US$2.2 million, marking a strategic shift to focus on its larger Mumbezhi Copper Project in Zambia. The deal includes upfront and milestone payments tied to the buyer's development progress.

Prospect Resources reports significant progress at its Mumbezhi Copper Project, with Phase 2 drilling nearing completion and metallurgical tests confirming robust processing potential. Updated resource estimates are expected by late Q4 2025.

Prospect Resources has extended the strike length of its flagship Nyungu Central deposit beyond 1.5 km, revealing significant copper and gold mineralisation. Final assay results from Kabikupa and ongoing exploration set the stage for a late 2025 resource estimate update.

Prospect Resources has reported significant new copper assay results from its Phase 2 drilling at the Kabikupa deposit, extending mineralisation beyond 1km and confirming zones closer to surface and at depth. These findings bolster the Mumbezhi Copper Project’s resource potential ahead of an updated estimate due in Q4 2025.

Prospect Resources has identified a significant new shallow copper target at its West Mwombezhi prospect in Zambia, with diamond drilling now underway to test promising early results.

Prospect Resources reports promising Phase 2 drilling results at its Mumbezhi Copper Project, revealing new strike extensions at the Nyungu Central deposit and advancing exploration across the licence.

Prospect Resources has kicked off an extensive Phase 2 drilling campaign at its Mumbezhi Copper Project in Zambia, confirming promising copper grades and advancing metallurgical testing. A strategic $18.5 million investment from First Quantum Minerals strengthens its financial and technical position.

Prospect Resources has released compelling metallurgical test results from its Mumbezhi Copper Project in Zambia, demonstrating robust, high-grade copper concentrates and strong recoveries that support plans for a central processing hub.

Prospect Resources reports promising Phase 2 drilling results at its Mumbezhi Copper Project in Zambia, highlighting significant copper intersections and expanded exploration initiatives. The company’s collaboration with First Quantum Minerals and structural experts underpins its ambition to substantially grow the project’s resource base.

Prospect Resources has reported outstanding flotation testwork results from its Nyungu Central deposit, highlighting high-grade copper concentrates and promising cost efficiencies for its Mumbezhi Copper Project in Zambia.

Prospect Resources has kicked off an extensive Phase 2 drilling campaign at its Mumbezhi Copper Project in Zambia, aiming to expand and upgrade its maiden resource estimate while exploring new regional targets.

Prospect Resources has declared a maiden JORC-compliant copper resource of 107.2 million tonnes at 0.5% copper at its Mumbezhi Project in Zambia, alongside securing a strategic A$15.2 million investment from First Quantum Minerals. This milestone advances the project towards development with Phase 2 drilling planned for Q2 2025.