Prospect Resources Progresses Drilling at Zambia Copper Project; Shares Rise 3%

MT Newswires Live2025-08-05

Prospect Resources (ASX:PSC) said it is progressing diamond drilling across the Nyungu Central deposit, and three diamond drilling rigs are targeting the Nyungu Corridor and Kabikupa areas in a phase two drilling program at the Mumbezhi copper project in Zambia, according to a Tuesday Australian bourse filing.

The company encountered intercepts of 60.5 meters at 0.5% grade of copper from 296 meters, as well as 18 meters at 0.6% grade of copper from 189 meters during drilling at the Nyungu Central deposit.

It also completed airborne electromagnetic surveys for the Nyungu Corridor and Kabikupa-Kamafamba Corridor areas.

It is also conducting a multi-element geochemical soil sampling program at the project, and it plans to undertake a regional aircore drilling program in August, initially targeting cohesive geochemical anomalies at West Mwombezhi and Nyungu North, the filing said.

Prospect Resources' shares rose nearly 3% in recent trading on Tuesday.

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