New Mineralised Zone expands at Nyungu Central

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Stock Prospect Resources Ltd (PSC.ASX)
Release Time 12 Aug 2026, 9:08 a.m.
Price Sensitive Yes
 Prospect Resources Expands Mineralised Zone at Nyungu Central
Key Points
  • New mineralised zone identified to the southeast of Nyungu Central
  • Drill hole NCDD028 shows 65.8m @ 0.42% Cu
  • Phase 3 drilling program continues with additional assays pending
Full Summary

Prospect Resources Limited (ASX:PSC) has reported further encouraging results from its Phase 3 exploration drilling program at the Nyungu Central deposit in the Mumbezhi Copper Project in north-west Zambia. The new drill hole NCDD028 returned 65.8m @ 0.42% Cu from 226m, including 17.0m @ 0.58% Cu from 239m and 13.2m @ 0.82% Cu from 278m, while NCDD025 intersected 29.6m @ 0.34% Cu from 237m, including 5.2m @ 0.80% Cu from 245m. These intersections complement previous results and occur outside the current Mineral Resource estimates (MRE) boundary, indicating potential for further expansion of the mineralised zone. The company has completed 16 Phase 3 diamond drill holes at Nyungu Central to date, with priority assays pending for seven holes. Additionally, infill diamond drilling has commenced, and four drill rigs are now operating, including one at the regional Sharamba prospect where visual copper mineralisation has been observed.

Outlook

The company expects to deliver further resource growth in the near term as assays are received and interpreted.