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2026-11-06
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Prospect Resources Limited

Scoping Study Developer · Copper · Zambia · Namibia Rating locked: sign in to view v6.2
Last 2026-11-06
A$0.25
1D
—
1M
—
YTD
—
1Y
—
Upside
Locked: sign in to view
Mkt cap
A$209.3M
EV
A$167.8M
Cash
A$36.6M
Debt
A$42K
4 newer ASX announcements not yet reflected in this valuation

Portfolio detail

Assets

2 assets

Core asset

Mumbezhi Copper Project

Zambia

Scoping Study Developer90% ownedCopperCobaltGold

90%-owned resource-stage copper project; formal Scoping Study in progress but no economic study published. September Phase 3 intercepts and Sharamba discovery remain outside the May 2026 Mineral Resource and are not added to contained-metal value. FY2026 annual report discloses possible A$421,500 local-procurement regulatory fines; reversal sought, outcome uncertain.

Project location

Approximate location

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© OpenStreetMap contributors. Basemap imagery © Esri (Maxar, Earthstar Geographics). Dated overlays contain modified Copernicus Sentinel data. Visible surface changes do not establish production or completion.

Resources & reserves5
TypeCategoryQuantityGradeContained mineralsDate
Mineral ResourceIndicated - Nyungu Central53.4M tonnes0.45% Cu, 0.03% Co and 0.05 g/t Au at 0.2% Cu cut-offCopper · Cobalt · Gold2026-05-20
Mineral ResourceInferred - Nyungu Central101M tonnes0.41% Cu, 0.02% Co and 0.05 g/t Au at 0.2% Cu cut-offCopper · Cobalt · Gold2026-05-20
Mineral ResourceIndicated - Kabikupa18M tonnes0.46% Cu at 0.2% Cu cut-offCopper2026-05-20
Mineral ResourceInferred - Kabikupa5M tonnes0.55% Cu at 0.2% Cu cut-offCopper2026-05-20
Mineral ResourceInferred - West Mwombezhi30.7M tonnes0.37% Cu, 0.01% Co and 0.02 g/t Au at 0.2% Cu cut-offCopper · Cobalt · Gold2026-05-20
Tenements2
39445-hq-lmlGranted137.59 square kilometres · No expiry supplied
39465-hq-lmlGranted217.94 square kilometres · No expiry supplied
Milestones4
  1. May 2026 Mumbezhi MRE update

    Achieved · High materiality

  2. Phase 3 drilling programme commencement

    Achieved · High materiality

  3. Deliver initial Mumbezhi Scoping Study

    Pending · High materiality

  4. Phase 3 extensional and infill drilling results

    Pending · High materiality

Permits & approvals2
PermitJurisdictionStatusExpiryCritical path
Environmental and Social Impact Assessment approvalZambiaGranted—No
Large Scale Mining Licences 39445-HQ-LML and 39465-HQ-LMLZambiaGranted—No

Other

Omaruru Lithium Project

Namibia

Early Explorer100% ownedLithium

Exploration ceased and expenditure pared back. Richwing mining-tenure renewal application filed October 2025; approval remained outstanding at 30 June 2026. Two non-binding disposal offers were revised on 31 July 2026; no sale is assumed.

Project location

Approximate location

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© OpenStreetMap contributors. Basemap imagery © Esri (Maxar, Earthstar Geographics). Dated overlays contain modified Copernicus Sentinel data. Visible surface changes do not establish production or completion.

Tenements1
epl-5533Granted— None · No expiry supplied
Milestones1
  1. Review non-binding Richwing sale offers and tenure renewal

    Pending · Medium materiality

Permits & approvals1
PermitJurisdictionStatusExpiryCritical path
EPL 5533 renewal applicationNamibiaPending—Yes