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ASX:PSC

4 stories mentioning ASX:PSCUpdated 8m ago

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Asia

Prospect Resources Test Work Samples Produce High-Grade Copper Concentrates

Prospect Resources (ASX:PSC) metallurgical test work samples from the Kabikupa deposit at the Mumbezhi project in Zambia produced high-grade copper concentrates, according to a Thursday filing with the Australian bourse.The Kabikupa transition zone composite recorded a copper concentrate grade of nearly 32% at almost 95% copper recovery after a single cleaning stage, while the low-grade fresh zone composite achieved a copper concentrate grade of 25% at 94% copper recovery, the filing said.The company is targeting further mineral resource growth within the Nyungu Hub and testing regional targets across its license holdings, per the filing.Shares rose 2% in morning trade on Thursday.

ASX:PSC
Asia

Prospect Resources Upgrades Zambia Project Mineral Resource Estimate

Prospect Resources (ASX:PSC) upgraded its mineral resource estimate for the Mumbezhi project in Zambia, according to a Wednesday filing with the Australian bourse.The mineral resource estimate for the project now stands at 208.1 million tonnes at an average grade of 0.4% copper from 173.8 million tonnes at 0.4% copper.The updated indicated and inferred mineral resource delivered a 20% increase in tonnage, including 106% increase in gold and 14% increase in copper, the filing said.Meanwhile, the company began its third phase diamond drilling targeting further mineral resource expansion at the southern end of the Nyungu Central deposit, per the filing.Shares fell nearly 2% in morning trade Wednesday.

ASX:PSC
Asia

Prospect Resources Starts Phase Three Drilling Program at Zambia Project

Prospect Resources (ASX:PSC) started its third-phase drilling program at the Mumbezhi project in Zambia, comprising roughly 60 diamond core holes, 30 reverse circulation holes, and 320 scout air-core holes, according to a Wednesday filing with the Australian bourse.The program, which covers about 26,000 meters of drilling, will target extension of the current indicated and inferred Mumbezhi mineral resource and maiden resources in key prospect areas, the filing said.Test work programs have been scheduled to support an initial scoping study for the project slated for the year-end, per the filing.

ASX:PSC
Asia

Prospect Resources Identifies Gold Mineralization at Zambia Copper Project

Prospect Resources (ASX:PSC) said it identified gold mineralization during a recent drilling at its Mumbezhi copper project's Nyungu Central deposit in Zambia, according to a Tuesday Australian bourse filing.The results were up to 23.1 meters at 0.55 grams per tonne grade of gold from 82.9 meters and 17 meters at 0.17 g/t gold from 47 meters.The results are in addition to the initial 32 re-assayed holes reported in January, the filing added.The company said receipt of gold results from the 26 remaining re-assayed holes is expected in late April.The company added that the widespread nature of the gold, coupled with in-situ cobalt, delivers "strong" potential to upgrade the Mumbezhi copper project economics via significant by-product credits, with all new gold results to be incorporated into an updated mineral resource estimate for Nyungu Central expected during the second quarter.The company's shares rose 2% in recent Tuesday trade.

ASX:PSC

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