Prospect Resources (ASX:PSC) announced an update to the mineral resource estimate for its Mumbezhi Copper Project in Zambia, signaling a major leap forward for the asset.
The updated MRE reveals a 63% increase in total tonnage, now reaching 173.8 million tonnes at an average grade of 0.44% Copper (0.50% CuEq).
The expansion has effectively boosted contained copper by 50% to 771,900 tonnes, firmly positioning Mumbezhi alongside world-class Tier-1 operating mines within the renowned Zambian Copperbelt.
The update enhances geological confidence, with over 41% of the resource now classified in the "indicated" category, providing a solid foundation for upcoming development studies.
Beyond copper, Prospect has unlocked latent value by including maiden resources for gold and cobalt.
The Nyungu Central deposit alone hosts 127,100 ounces of gold and 38,600 tonnes of cobalt, offering substantial potential for future by-product credits.
Regional drilling is set to commence in Q2 2026, targeting the Nyungu Central flagship and high-priority discovery prospects like Chipimpa.
With an additional maiden MRE for West Mwombezhi expected in the first half of 2026, Prospect is rapidly scaling its copper footprint in Africa’s premier mining jurisdiction.