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Prospect Resources (ASX:PSC) has identified a new high-grade copper zone at its Mumbezhi project in northwest Zambia after poring over further assay results from its recently wrapped-up Phase Two drilling on-site.
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The explorer was most excited by the drilling at Nyungu Central, which delivered “encouraging” near-surface intersections and hiked potential.
“Mumbezhi continues to deliver scale potential,” Prospect’s managing director, Sam Hosack, said today,” with the shallow intersection returned at… the Nyungu Central deposit in NCDD021 delivering substantial prospectivity.”
The key result came from the drillhole mentioned by Mr Hosack: It returned 34 metres at 0.88% copper from 128 metres, along with a separate interval of 2.7 metres at 0.52% copper from 114 metres. These, the company suggested, should support the potential to expand shallow mineralisation further south.
Other intervals from the same prospect included 8.46 metres at 0.34% copper from 213.5 metres and six metres at 0.42% from 50 metres, in NCMT001.
Phase two drilling at Kabikupa also produced final assays, including hole KKMT001, which intersected 18.6 metres at 0.48% copper from 98 metres. That program was designed to support growing the existing Inferred Mineral Resource.
“I am extremely proud of the achievements our team has achieved throughout 2025,” the company’s MD continued. “Building on this strong foundation now amplified by the positive momentum generated by our AEM geophysical targeting results, we are well-positioned to create significant value in 2026.”
An updated MRE for Nyungu Central and Kabikupa should be completed by late March next year, The Market Link understands. Metallurgical samples from KKMT001 are already in Brisbane for testing; they’ll be back by February.
PSC shares have been sitting at 19c each lunchtime Thursday.
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