Prospect Resources Advances Phase 2 Drilling at Mumbezhi with Promising Copper Intercepts and Expanded Exploration
Prospect Resources Reports Strong Copper Intercepts at Zambia’s Mumbezhi Project as Phase 2 Drilling Accelerates
ASX-listed Prospect Resources has reported encouraging progress from Phase 2 diamond drilling at the Nyungu Central deposit within the Mumbezhi copper project in north-west Zambia.
The latest results validate the project’s broader structural geological model, underpinned by thick and high-grade copper intercepts.
In parallel, the company confirmed that Phase 2 exploration activities are also advancing at the Kabikupa deposit, where extensional drilling is progressing well.
Although final assay results from Kabikupa are still pending, initial developments are promising.
At Nyungu Central, recent drill hole NCRD009 delivered significant intercepts, including:
49 m at 0.52% copper from a depth of 314 m,
Containing 12.3 m at 0.79% copper from 331 m,
And 8 m at 0.80% copper from 314 m.
As part of its broader exploration strategy, Prospect has initiated an airborne electromagnetic (EM) survey targeting two known mineralised corridors. Based on initial results, the survey may be expanded to cover the entire tenement area.
Additionally, a tenement-wide multi-element geochemical soil sampling programme is set to begin in mid-July.
Both the EM and geochemical initiatives are central to the company’s data-driven approach, led by technical teams from First Quantum Minerals (FQM), Prospect’s strategic partner.
Prospect highlighted that past exploration lacked comprehensive datasets, and these current initiatives represent a significant step forward in assessing the broader mineralisation potential of the Mumbezhi project.
Metallurgical testwork on transitional mineralisation samples from Nyungu Central and Kabikupa is also nearing completion.
Early results have been described as encouraging, further supporting the project’s development trajectory.
“We have achieved substantial exploration success to date, positioning Mumbezhi among the most promising copper exploration assets in Zambia,” said Sam Hosack, Managing Director and CEO of Prospect Resources.
He added, “We were among the first teams in the Zambian Copperbelt to resume drilling after the wet season — a testament to our intent to maximise this drill season.”
Hosack also noted that incorporating technical expertise from FQM has had a significant impact. “Early Phase 2 results are consistent with our understanding of the deposit’s large-scale potential.
Our Phase 2 focus is on scout drilling to test extensions, enhance confidence in large targets, and ultimately grow Mumbezhi’s resource base well beyond its current estimate.”
