#prospectresources

Prospect Resources has delivered new high-grade copper intersections outside the existing Mineral Resource Estimate (MRE) at the Mumbezhi Copper Project in Zambia, reinforcing the growth potential of its flagship Nyungu Central deposit.

🔎 Key Highlights

Standout intercept of 44.0m @ 0.60% Cu from 270m (NCDD026)

Additional intercept of 17.0m @ 0.57% Cu from 186m (NCDD024)

Both drill holes extend mineralisation beyond the current MRE, with the system remaining open to the southeast

13 Phase 3 diamond drill holes completed for 4,043m, with assays pending from six additional holes

A second drill rig has commenced exploration at Nyungu West, while a 6,000m infill drilling program is set to begin this month

Ongoing exploration at Nyungu West, Chipimpa, Kamafamba and Sharamba continues to build a pipeline of copper growth opportunities

📊 Market Snapshot

Share Price: $0.250 Market Cap: $224.83M

🚀 Investor Takeaway

The latest drilling continues to expand the Nyungu Central copper system beyond the current resource, highlighting significant growth potential. With multiple assay results pending, further drilling underway, and a resource expansion strategy in place, Prospect Resources remains well-positioned for sustained news flow and value creation.

Read More: https://colitco.com/prospect-resources-extends-nyungu-central-copper/

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/

Prospect Resources continues to de-risk its flagship Mumbezhi Copper Project in Zambia, with the latest metallurgical testwork from the Kabikupa deposit producing high-grade copper concentrates and excellent recoveries, supporting a simple, low-cost processing route.

🔎 Key Highlights

Transition composite produced 31.9% Cu concentrate at 94.7% Cu recovery

Low-grade fresh composite achieved 25.0% Cu concentrate at 94.3% Cu recovery

High recoveries achieved after just one cleaning stage

Simple conventional flotation flowsheet successfully replicated

Coarse grind size (P80 of 250μm) supports lower future capital and operating costs

Results strengthen the case for a centralised processing facility at Mumbezhi

Scoping Study remains on track for Q4 2026 / Q1 2027

Phase 3 drilling continues, targeting further resource growth and regional discoveries

📊 Market Snapshot

Share Price: $0.300 Market Cap: $245.41M

🚀 Investor Takeaway

These metallurgical results further de-risk the Mumbezhi Copper Project by demonstrating that both transition and lower-grade fresh ore can produce premium copper concentrates with excellent recoveries using a simple processing flowsheet. Combined with ongoing drilling and a Scoping Study on the horizon, Prospect Resources continues to strengthen its development pathway.

Read More: https://colitco.com/prospect-copper-results-kabikupa-colitco/

Prospect Resources is rapidly advancing its flagship Mumbezhi Copper Project in the world-class Zambian Copper Belt, with a growing resource base, active drilling program and a clear pathway toward commercialisation. ⚒️🌍

🔎 Key Highlights

Updated Mineral Resource Estimate of 208.1Mt @ 0.42% Cu (0.49% CuEq)

Contains 877,100t copper, 43,500t cobalt and 262,100oz gold

More than 1.02Mt contained CuEq defined to date

Resource has grown approximately 70% from the maiden MRE

Phase 3 drilling program underway with 26,000m planned

Two new large-scale regional targets identified at Chipimpa and Sharamba

Strong metallurgical results with copper recoveries exceeding 95%

Backed by cornerstone shareholder and technical partner First Quantum Minerals

Benefits from established infrastructure and proximity to major copper operations in Zambia

📊 Market Snapshot

Share Price: $0.275 Market Cap: $220.45M

🚀 Investor Takeaway

Prospect Resources has transformed Mumbezhi into a significant copper development opportunity in just two years. With a rapidly growing resource, strong metallurgy, multiple development pathways and extensive exploration upside across a highly prospective land package, PSC is positioning itself as a compelling pure-play copper growth story in the Zambian Copper Belt.

Read More: https://wcsecure.weblink.com.au/pdf/PSC/03102710.pdf

🚀 Prospect Resources (ASX: PSC) continues to unlock the scale of its flagship Mumbezhi Copper Project in Zambia, delivering a major resource upgrade and advancing the largest exploration campaign in the Company's history.

🔹 Updated MRE grows to 208.1Mt @ 0.42% Cu (0.49% CuEq) 🔹 Contained metals include 877,100t Copper, 43,500t Cobalt & 262,100oz Gold 🔹 Resource tonnage increased by 20% since February 2026 🔹 Contained copper increased by 14% 🔹 Gold resource surged by 106% 🔹 Maiden West Mwombezhi Resource added with 30.7Mt @ 0.37% Cu 🔹 Phase 3 drilling underway with ~26,000m planned across diamond, RC and aircore programs

With multiple high-priority targets, expanding resources, and an aggressive exploration strategy, Prospect Resources is rapidly advancing one of the most exciting emerging copper growth stories in the Central African Copperbelt. ⚒️🌍

💰 Share Price: $0.285 📊 Market Cap: $245.41M

Resource expansion can significantly influence the future development pathway of a mining project. Larger resources may support longer mine lives, increased production scenarios, and enhanced economic potential.

Prospect Resources (ASX: PSC) is accelerating growth at its Mumbezhi Copper Project in Zambia, delivering a major resource upgrade while launching a large-scale Phase 3 drilling campaign.

With Mumbezhi now expanded to 208.1Mt @ 0.49% CuEq, Prospect is building a growing copper-gold-cobalt development story in the heart of the Zambian Copperbelt.

🔎 Key Highlights

Upgraded MRE grows to 208.1Mt @ 0.42% Cu / 0.49% CuEq

877,100t contained copper across a growing multi-deposit system

20% increase in tonnage & 14% increase in contained copper

Gold resource jumps 106% following extensive re-assays

Maiden West Mwombezhi resource added to the project footprint

Phase 3 drilling underway — ~26,000m program targeting growth & new discoveries

Multiple high-priority regional targets being tested across the broader Mumbezhi district

Metallurgical work progressing toward a planned scoping study

📊 Market Snapshot

Share Price: $0.320 Market Cap: $274.53M

🚀 Investor Takeaway

Prospect continues to scale up Mumbezhi into a potentially significant, district-scale copper opportunity with growing polymetallic upside. With resource growth, expanding gold credits, active drilling and strong exposure to the global copper thematic, PSC is positioning for sustained news flow through 2026.

Read More: https://colitco.com/prospect-resources-limited-accelerates-mumbezhi-growth/