🚀 Prospect Resources (ASX: PSC) Expands Copper Growth Pipeline at Mumbezhi

Prospect Resources continues to unlock the scale of its 90%-owned Mumbezhi Copper Project in Zambia, with Phase 3 drilling delivering encouraging visual mineralisation and multiple new copper targets advancing across the project.

🔎 Key Highlights

• Phase 3 drilling progressing at Nyungu Central, with 10 diamond holes completed and two rigs currently operating

• Visual copper sulphide mineralisation intersected outside the existing Mineral Resource, highlighting further growth potential (assays pending)

• NCDD026 intersected approximately 40m of visually mineralised copper sulphides, around 140m east of the current Resource

• Diamond drilling to commence at Nyungu West and Nyungu South over the coming month

• West Mwombezhi aircore drilling identified two new copper corridors extending mineralisation by approximately 1km, creating high-priority drill targets

• Chipimpa IP survey completed, with copper anomalies defined and maiden diamond drilling scheduled for Q3 2026

• Initial drilling at Sharamba intersected a 20m mineralised copper zone, with assays pending and follow-up drilling underway

• Scoping Study remains on track for Q4 2026 / Q1 2027, with Lycopodium assessing a 12Mtpa open-pit development

• Current JORC Resource stands at 208.1Mt @ 0.42% Cu (0.49% CuEq) containing 877,100 tonnes of copper

📊 Market Snapshot

Share Price: A$0.290 Market Cap: A$249.57M

🚀 Investor Takeaway

Prospect Resources is simultaneously expanding its flagship resource while generating a pipeline of new discovery opportunities across Mumbezhi. With multiple drilling programs underway, steady assay newsflow expected and a Scoping Study approaching, PSC continues to strengthen its position as an emerging copper development story in the Central African Copperbelt.

Read More: https://colitco.com/prospect-mumbezhi-copper-drilling-colitco/

⚠️ Disclaimer: This is not investment advice. Please do your own research before making any investment decisions.

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