Prospect Resources Ltd. (AU:PSC) has released an update.
Prospect Resources Ltd has made significant strides in its Mumbezhi Copper Project in Zambia, completing 34 of 50 planned drill holes and reporting promising copper intersections. The company has raised A$9.1 million and holds A$12.8 million in cash, ensuring financial stability as it targets a maiden resource estimate by early 2025. Recent regulatory changes in Zambia have bolstered confidence in continued investment and development.
For further insights into AU:PSC stock, check out TipRanks’ Stock Analysis page.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
