Key advancements at Mumbezhi Copper Project

Prospect Resources (ASX:PSC) has announced significant progress at its Mumbezhi Copper Project in Zambia. Through geophysical Induced Polarisation (IP) surveys, the company has identified substantial chargeable anomalies at Nyungu North and Kabikupa prospects. These findings suggest an expanded potential footprint for copper mineralisation, setting a promising stage for future exploration.

Overview and future outlook for Prospect Resources

Prospect Resources (ASX:PSC) has made notable advancements at the Mumbezhi Copper Project in Zambia with the identification of significant chargeable anomalies through IP surveys. These surveys, conducted at Nyungu North and Kabikupa prospects, have highlighted potential for expanded copper mineralisation. The company's strategic move to leverage geophysical techniques aligns with its goal to significantly enhance the copper endowment at Mumbezhi. With a Phase 2 drilling program scheduled for 2025, Prospect Resources aims to test high-potential targets and expand its mineralised footprint in the Central African Copperbelt. The company remains committed to unlocking Mumbezhi's full potential, focusing on cost-effective exploration methods within a mining-friendly jurisdiction.

Executive insights on exploration strategy

We are excited by the untapped exploration potential at Mumbezhi and the role of IP surveys in identifying lucrative copper deposits. Our focus remains on cost-effective exploration strategies that enhance the scale of our flagship Nyungu Central deposit.