InvestSMART

The article you are trying to access does not exist, however, here are some articles you may be interested in.

Prospect Resources Limited (ASX:PSC)

ALERT: Price-sensitive ASX Announcement for PSC
Current share price for PSC : $0.220 -0.05 (-18.52%)+
Announcement
Release
21 Jul 2026 9:07AM
Price at Release
$0.270
Full Release
download
Summary
Prospect Resources Limited is conducting a Phase 3 drilling program at the Nyungu Central site to expand and enhance the confidence in its existing mineral resource footprint. The company has acquired a 90% interest in Osprey Resources, which holds the licence for this area. Recent drilling has uncovered high-grade copper intersections, indicating significant potential for further resource expansion. The company plans to report a Scoping Study in early 2027 and aims to bring the Mumbezhi Project into commercial copper production if economically viable. Metallurgical test work has shown promising results with high-grade copper concentrates being produced.
Key Points
  • Phase 3 drilling program at Nyungu Central aims to expand Indicated and Inferred Mineral Resources.
  • Prospect Resources Limited acquired 90% interest in Osprey Resources, holding the Nyungu Central licence.
  • High-grade copper intersections were found in two extensional holes at Nyungu Central.
  • The project aims to bring Mumbezhi into commercial copper production as soon as practicable.
  • Metallurgical test work at Nyungu Central shows high-grade saleable copper concentrates.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.