---
title: "Prospect Resources Extends High-Grade Copper Mineralisation at Nyungu Central"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/293414818.md"
description: "Prospect Resources Ltd. (AU:PSC) reported wide, high-grade copper intersections from step-out drilling at Nyungu Central in Zambia, extending mineralisation beyond current resource outlines. Two of 13 holes returned significant results above a 0.2% cut-off. The company is deploying rigs for exploration at Nyungu West and will begin an infill program at Nyungu Central in late July to expand resources and improve economics."
datetime: "2026-07-22T03:12:23.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/293414818.md)
  - [en](https://longbridge.com/en/news/293414818.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/293414818.md)
generator: "portal-rs"
---

# Prospect Resources Extends High-Grade Copper Mineralisation at Nyungu Central

Prospect Resources Ltd. ( (AU:PSC) ) has shared an update.

Prospect Resources has reported wide, high-grade copper intersections from step-out drilling at Nyungu Central within its Mumbezhi Copper Project in Zambia, extending mineralisation to the southeast beyond the current resource outline. Two of 13 recently drilled diamond holes have returned significant intercepts above a 0.2% copper cut-off, with assays pending for 11 holes, six of which show visual copper mineralisation and have been prioritised.

The company has one rig targeting shallow mineralisation at the southern end of Nyungu Central and a second rig now deployed to growth-focused exploration at Nyungu West. An infill diamond program of about 6,000 metres at Nyungu Central is set to start in late July, underscoring Prospect’s strategy to increase the scale and improve the economics of its flagship copper system while refining its exploration model across the broader Mumbezhi project area. 

The most recent analyst rating on (AU:PSC) stock is a Buy  
 with a A$0.60 price target.  
 To see the full list of analyst forecasts on Prospect Resources Ltd. stock,  
 see the AU:PSC Stock Forecast page. 

**More about Prospect Resources Ltd.**

Prospect Resources Limited is an Australia-based mineral exploration and development company listed on the ASX, with a 90% interest in the Mumbezhi Copper Project in north-west Zambia. The company’s flagship asset is the Nyungu Central copper deposit, around which it is pursuing growth-focused drilling to expand resources and enhance project economics.

Prospect is currently advancing Phase 3 diamond drilling across the broader Nyungu Hub, including Nyungu Central and Nyungu West, as well as other regional targets such as Kamafamba, Chipimpa and Sharamba. Its operational focus is on defining shallow, high-grade copper mineralisation outside existing resource outlines to support future development and potential value creation for stakeholders. 

**Average Trading Volume:** 556,776

**Technical Sentiment Signal:** Buy

**Current Market Cap:** A$220.7M

See more data about PSC stock on TipRanks’ Stock Analysis page.

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- [PSC.AU](https://longbridge.com/en/quote/PSC.AU.md)

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**