Nyungu Central Phase 3 Drilling Further Expanded

Key points

• High-grade copper intercepts from Nyungu Central Phase 3 drilling
• New copper discovery at Sharamba prospect
• Expanded drilling program at Nyungu Central
• Ongoing challenges with assay turnaround times

Full summary

Prospect Resources Limited has reported new high-grade copper intercepts from its ongoing Phase 3 exploration drilling program at the Nyungu Central deposit in Zambia. The latest drilling results include 27m @ 0.69% Cu from 102m and 5.1m @ 0.99% Cu from 173m, both located outside the existing Mineral Resource estimate. Additionally, the maiden drilling at the Sharamba prospect confirmed a copper discovery with assays showing 4m @ 0.25% Cu and 7m @ 0.22% Cu. The company has also expanded its drilling program at Nyungu Central, with an additional 3,375m of extensional drilling planned. Prospect Resources continues to face challenges with assay turnaround times due to industry overload at commercial analytical laboratories in Zambia.

Outlook

The company remains optimistic about the potential for further growth at Nyungu Central and the broader Mumbezhi Copper Project, with ongoing exploration and drilling programs planned.