- Last 2026-11-06
- A$0.25
- 1D
- —
- 1M
- —
- YTD
- —
- 1Y
- —
- Fair value
- Locked: sign in to view
- 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
- Application for quotation of securities - PSCPost Cash Checkpoint Security Event
- Quarterly Activities and Cashflow Report Sept 2026Latest Four Activities Reports
- Argonaut Copper Connect Day PresentationLatest Operating Presentation
- Notification regarding unquoted securities - PSCPost Cash Checkpoint Security Event
Investment view
Rating locked: sign in to viewOur rating, thesis and what the price implies are available to subscribers.
Sign in or enter a guest codeAnnouncements
Latest 12 of 13All sources ▸- Quarterly Activities and Cashflow Report Jun 2026Operations
- Notification of cessation of securities - PSCCorporate Action
- Application for quotation of securities - PSCCorporate Action
- Prospect Resources Corporate PresentationPresentation
- Application for quotation of securities - PSCFinancing
- Quarterly Activities and Cashflow Report Mar 2026Operations
- Acquisition of Additional 5% Interest in Mumbezhi CompletedTransaction
- Half Yearly Report and AccountsResults
- Prospect to Increase Ownership of Mumbezhi Copper ProjectTransaction
- Quarterly Activities and Cashflow Report Dec 2025Operations
- Quarterly Activities and Cashflow Report Sept 2025Operations
- Annual Report to shareholdersResults
Event calendar · next 12 months
3 events| Timing | Event | Category | Confidence | Materiality | Investor relevance |
|---|---|---|---|---|---|
| Remainder of 2026 drilling programme; 16 priority Nyungu assays pending as at 17 September | Phase 3 priority assay results and copper extension testing | Results | Company Guided | High | Tests continuity, conversion and resource-growth potential before study; assays are not current resource tonnes. |
| Q1 2027 company target | Initial Mumbezhi Scoping Study | Study | Company Guided | High | First formal capital, cost, mine schedule and return evidence; central gate for resource-calibration value. |
| H2 2027 company target, overlaps the twelve-month horizon | Targeted Mumbezhi pre-feasibility study | Study | Company Guided | Medium | Would test bankable technical and funding pathways after the scoping result. |
Executive roster
As of 2026-09-26Background checks ▸FY2026 Directors and Officers and Company Secretary disclosures list executive directors, the CFO and joint company secretaries through 24 September; no later leadership change found before cutoff. No unnamed senior officer inferred.
| Executive | Title | Normalized role | Appointed | Sources |
|---|---|---|---|---|
| Sam Hosack | Managing Director · Chief Executive Officer | Executive Director · Chief Executive | — | Annual Report to shareholders · Nyungu Central Phase 3 Drilling Further Expanded |
| Ian Goldberg | Executive Director Finance · Chief Financial Officer | Executive Director · Finance | 2024-07-08 | Annual Report to shareholders |
| Lee Tamplin | Joint Company Secretary | Company Secretary | 2025-07-01 | Annual Report to shareholders |
| Jenny Macasarte | Joint Company Secretary · Group Financial Controller | Company Secretary · Finance | 2025-07-01 | Annual Report to shareholders |
devCoverage status: Complete As Disclosed
Portfolio detail
Assets
Core asset
Mumbezhi Copper Project
Zambia
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
© 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
| Type | Category | Quantity | Grade | Contained minerals | Date |
|---|---|---|---|---|---|
| Mineral Resource | Indicated - Nyungu Central | 53.4M tonnes | 0.45% Cu, 0.03% Co and 0.05 g/t Au at 0.2% Cu cut-off | Copper · Cobalt · Gold | 2026-05-20 |
| Mineral Resource | Inferred - Nyungu Central | 101M tonnes | 0.41% Cu, 0.02% Co and 0.05 g/t Au at 0.2% Cu cut-off | Copper · Cobalt · Gold | 2026-05-20 |
| Mineral Resource | Indicated - Kabikupa | 18M tonnes | 0.46% Cu at 0.2% Cu cut-off | Copper | 2026-05-20 |
| Mineral Resource | Inferred - Kabikupa | 5M tonnes | 0.55% Cu at 0.2% Cu cut-off | Copper | 2026-05-20 |
| Mineral Resource | Inferred - West Mwombezhi | 30.7M tonnes | 0.37% Cu, 0.01% Co and 0.02 g/t Au at 0.2% Cu cut-off | Copper · Cobalt · Gold | 2026-05-20 |
Tenements2
Milestones4
- May 2026 Mumbezhi MRE update
Achieved · High materiality
- Phase 3 drilling programme commencement
Achieved · High materiality
- Deliver initial Mumbezhi Scoping Study
Pending · High materiality
- Phase 3 extensional and infill drilling results
Pending · High materiality
Permits & approvals2
| Permit | Jurisdiction | Status | Expiry | Critical path |
|---|---|---|---|---|
| Environmental and Social Impact Assessment approval | Zambia | Granted | — | No |
| Large Scale Mining Licences 39445-HQ-LML and 39465-HQ-LML | Zambia | Granted | — | No |
Other
Omaruru Lithium Project
Namibia
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
© 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
Milestones1
- Review non-binding Richwing sale offers and tenure renewal
Pending · Medium materiality
Permits & approvals1
| Permit | Jurisdiction | Status | Expiry | Critical path |
|---|---|---|---|---|
| EPL 5533 renewal application | Namibia | Pending | — | Yes |
Funding, performance and ownership
Financials & Capital
Liquidity
Financial position
Audited A$36.616 million cash plus A$5.0 million short-term investment, A$42,000 lease liabilities and no bank borrowing. June-quarter 9.73-quarter cash runway excludes the deposit and does not finance any future mine construction.
Capital structure
Ownership and dilution
- Ordinary shares
- 837.4M
- Fully diluted
- 878.7M
30 June and 14 July ordinary shares were 832,737,627. Appendix 2A reports 833,063,238 after 325,611 rights converted in August; 835,299,705 after 2,236,467 rights converted in early September; and 837,390,933 on 17 September after 157,895 service rights and 1,933,333 A$0.15 options converted. The 2 September Appendix 3H records 1,082,109 rights lapsing without share cancellation. The latest Appendix 2A lists 41,338,311 remaining unquoted options and rights; adding these to ordinary shares gives a conservative 878,729,244 full-conversion denominator, with no exercise proceeds credited.
Security classes7
| Class | Type | Quantity | Strike | Expiry |
|---|---|---|---|---|
| ASX-quoted ordinary fully paid shares | Ordinary Share | 837.4M | — | — |
| Unlisted options exercisable at A$0.16 | Option | 14.4M | A$0.16 | 2028-09-03 |
| Unlisted performance rights | Performance Right | 1.7M | — | — |
| Unlisted nil-exercise-price options | Option | 6.3M | A$0 | 2029-08-16 |
| Unlisted options exercisable at A$0.20 | Option | 15.8M | A$0.2 | 2027-08-09 |
| Unlisted service rights | Performance Right | 1.6M | — | — |
| Unlisted options exercisable at A$0.12 | Option | 1.6M | A$0.12 | 2027-08-09 |
Company guidance3
| Metric | Project | Period | Low | High | Status |
|---|---|---|---|---|---|
| Phase 3 Drilling Programme | mumbezhi | 2026 Phase 3 campaign | 32,000 | 32,000 metres | Current |
| Initial Scoping Study Delivery | mumbezhi | Q1 2027 | — | — Q1 2027 window | Current |
| Pre Feasibility Study Delivery Target | mumbezhi | H2 2027 | — | — H2 2027 window | Current |
Capital history
Capital events
| Date | Event | Amount | Shares | Price | Status | Terms |
|---|---|---|---|---|---|---|
| 2026-09-16Ann. 2026-09-17 | Raising | A$290K | 1.9M | — | Completed | — |
| 2026-05-21Ann. 2026-02-16 | Raising | A$45M | 118.4M | — | Completed | — |
Contracts and ownership
Material economic arrangements These are deals that can affect sales, costs, funding or ownership. An arrangement marked “Included in valuation” may already be built into a project estimate or the bridge to shareholder value. A separate amount is shown only when one can be estimated; do not add it again.
FY2026 audited annual report plus March ownership completion, earlier annual partnership terms and current September disclosures. No current royalty, stream, offtake, tolling agreement or hedge was disclosed in reviewed evidence.
Prospect Copper Holdings owns 90% of Osprey, the Mumbezhi licence holder; GDC retains 10%. A new shareholders agreement was a closing condition. Funded ownership and minority economics are not fully disclosed.
Joint Venture · Active- Counterparties
- Global Development Cooperation Consulting Zambia Limited
- Applies to
- Mumbezhi Copper Project · Copper · Cobalt · Gold
- Economic direction
- Mixed
- Period
- From 2026-03-26; no end date stated
- Key terms
- Prospect economic interest: 90 %
GDC retained interest: 10 %
No valuation treatment is available for this arrangement.
A$2.5m conditional payment if qualifying resource criteria are met. FY2026 report says conditions had not been achieved by 30 June 2026; conservatively reserve full amount in equity bridge.
Other · Conditional- Counterparties
- Orpheus Uranium Limited
- Applies to
- Mumbezhi Copper Project · Copper
- Economic direction
- Burden
- Period
- From 2024-04-30; no end date stated
- Key terms
- Conditional cash milestone: 2,500,000 AUD
Contained copper threshold: 500,000 tonnes Cu
No valuation treatment is available for this arrangement.
FQM subscribed equity, gained technical working group, governance and participation rights tied to ownership. No disclosed exclusive offtake or guaranteed funding; regional knowledge informs execution, but no separate project cash flow is added.
Strategic Partnership · Active- Counterparties
- First Quantum Minerals Limited
- Applies to
- Mumbezhi Copper Project · Copper
- Economic direction
- Mixed
- Period
- From 2025-04-15; no end date stated
- Key terms
- Technical group threshold: 10 % shareholding
Regional exploration use of proceeds: 2,500,000 USD minimum
No valuation treatment is available for this arrangement.
Step Aside disposal completed with upfront and deferred consideration recognized. An additional US$1.2m remains contingent on the buyer achieving milestones; no value included pending verification.
Other · Conditional- Counterparties
- Undisclosed private African buyer
- Applies to
- Company-wide · Lithium
- Economic direction
- Benefit
- Period
- 2025-11-24 to 2027-11-24
- Key terms
- Conditional additional payment: 1,200,000 USD
No valuation treatment is available for this arrangement.
Intrinsic value
Valuation
Bear, base and bull values, investment cases, project valuations and the equity bridge are available to subscribers.
Sign in or enter a guest codeResource-price transmission
Sensitivity lab
How our fair value responds to commodity prices and other drivers is available to subscribers.
Sign in or enter a guest codePeople, delivery and responsibility
Management background checks
This is a screening-level background review. It records issuer-disclosed current roles and a small number of source-supported outcomes. Career chronologies, credentials and individualized track records remain incomplete, so the evidence does not support a high-confidence judgment about the full team. It records issuer-reported Arcadia advancement and sale during Sam Hosack’s tenure, while limiting the individual attribution.
Decision-relevant facts
Material summary
Sam Hosack
Managing Director / Chief Executive Officer
Arcadia advancement and sale during Sam Hosack’s tenure
Prospect’s issuer biography says Sam Hosack led advancement, feasibility work and early piloting of Arcadia. The company’s project case study reports progression from discovery through resource definition, feasibility, offtake and pilot plant, and completion of the sale of its 87% interest to Huayou for about US$378 million cash in April 2022. These are issuer statements; the transaction and project work are company-level outcomes, and independent evidence does not quantify Hosack’s personal contribution.
Role overlaps event; causation unproven · Issuer biography and company case study describe leadership/tenure overlap; no independent allocation of the outcome to one person was established.
Evidence gaps · 3
- Full role chronology, earlier employers and dates were not independently established in this limited pass.
- Credentials and memberships were not independently verified.
- The searches documented here are open-web screening only, not exhaustive criminal, sanctions, litigation, safety or credential checks.
Ian Goldberg
Executive Director Finance / Chief Financial Officer
No supported material findings selected. See this executive’s report and evidence gaps.
Evidence gaps · 3
- Full role chronology, earlier employers and dates were not independently established in this limited pass.
- Credentials and memberships were not independently verified.
- The searches documented here are open-web screening only, not exhaustive criminal, sanctions, litigation, safety or credential checks.
Lee Tamplin
Joint Company Secretary
No supported material findings selected. See this executive’s report and evidence gaps.
Evidence gaps · 3
- Full role chronology, earlier employers and dates were not independently established in this limited pass.
- Credentials and memberships were not independently verified.
- The searches documented here are open-web screening only, not exhaustive criminal, sanctions, litigation, safety or credential checks.
Jenny Macasarte
Joint Company Secretary / Group Financial Controller
No supported material findings selected. See this executive’s report and evidence gaps.
Evidence gaps · 3
- Full role chronology, earlier employers and dates were not independently established in this limited pass.
- Credentials and memberships were not independently verified.
- The searches documented here are open-web screening only, not exhaustive criminal, sanctions, litigation, safety or credential checks.
Company ownership
Investors & shareholders
Top registered shareholders
Register at 2026-09-06 · 835,299,705 issued shares
| # | Investor / registered holder | % issued shares | Shares held |
|---|---|---|---|
| 1 | 24.89% | 207,864,500 | |
| 2 | 12.50% | 104,386,973 | |
| 3 | 8.10% | 67,619,086 | |
| 4 | 7.14% | 59,619,397 | |
| 5 | 5.93% | 49,558,322 | |
| 6 | 3.45% | 28,804,702 | |
| 7 | 2.59% | 21,625,000 | |
| 8 | 2.40% | 20,015,350 | |
| 9 | 2.00% | 16,683,342 | |
| 10 | 1.69% | 14,097,662 | |
| 11 | 1.61% | 13,434,417 | |
| 12 | 1.57% | 13,150,000 | |
| 13 | 1.20% | 10,000,000 | |
| 14 | 1.06% | 8,890,511 | |
| 15 | 0.88% | 7,315,000 | |
| 16 | 0.85% | 7,123,260 | |
| 17 | 0.72% | 6,014,590 | |
| 18 | 0.50% | 4,185,000 | |
| 19 | 0.50% | 4,136,046 | |
| 20 | 0.46% | 3,802,940 |
Disclosed substantial holders
Latest reviewed disclosure for each holder or reporting group
| Investor / reported group | Disclosed holding | Holding at |
|---|---|---|
| 24.89%Voting power | 2026-09-06 | |
| 12.50%Voting power | 2026-09-06 | |
| 8.10%Voting power | 2026-09-06 | |
| 7.14%Voting power | 2026-09-06 | |
| 5.93%Voting power | 2026-09-06 |
Sources & review notesEvidence checked through 2026-10-09
Coverage and limitations
- Issuer lists some nominees as substantial holders based on its notifications; no beneficial-owner identity is inferred. Register and substantial-holder lists overlap.
Sources
- Annual Report to shareholders
Prospect Resources Limited / ASX · Published 2026-09-24 · Accessed 2026-10-09
Reports substantial holders and twenty largest ordinary-share accounts, with total issued shares.
PDF pages 77-78 (printed pages 75-76), ASX Additional Information applicable at 6 September 2026
Disclosed activity
Insider transactions
Trading activity17 buys · 0 sells shownNet cash last 12 months A$449.6kShow chartHide chart
| Date | Person / account | Activity / security | Quantity | Cash consideration | Price | Holding after |
|---|---|---|---|---|---|---|
| 2026-10-02to 2026-10-06 | Ian Goldberg
Details & evidence for Ian Goldberg on 2026-10-02As disclosed: 200,000 fully paid ordinary shares acquired on-market; $47,048.78 (average price $0.235/share).
director · Start not disclosed Change of Director's Interest Notice x2 ↗ | PurchaseFully paid ordinary shares (PSC) | 200,000 | AUD 47,048.78 | AUD 0.235Disclosed price | — |
| 2026-10-02to 2026-10-06 | Samuel Hosack
Details & evidence for Samuel Hosack on 2026-10-02As disclosed: 841,658 fully paid ordinary shares acquired on-market; $200,787.42 (average price $0.2386/share).
director · Start not disclosed Change of Director's Interest Notice x2 ↗ | PurchaseFully paid ordinary shares (PSC) | 841,658 | AUD 200,787.42 | AUD 0.2386Disclosed price | — |
| 2026-09-16 | Mark Wheatley
Details & evidence for Mark Wheatley on 2026-09-16As disclosed: 1,600,000 fully paid ordinary shares acquired and 1,600,000 unlisted options disposed on exercise.
director · Start not disclosed Change of Director's Interest Notice x2 ↗ | ExerciseFully paid ordinary shares (PSC) | 1,600,000 | AUD 240,000.00 | AUD 0.15Disclosed price | — |
| 2026-09-11 | Gaurav Gupta
Details & evidence for Gaurav Gupta on 2026-09-11As disclosed: 157,895 fully paid ordinary shares acquired; 157,895 Service Rights disposed on exercise.
director · Start not disclosed Change of Director's Interest Notice x2 ↗ | ExerciseFully paid ordinary shares (PSC) | 157,895 | —Non Cash | — | — |
| 2026-09-03 | Matt Pascall
Details & evidence for Matt Pascall on 2026-09-03As disclosed: 157,895 fully paid ordinary shares acquired; 157,895 Service Rights disposed on exercise.
director · Start not disclosed Change of Director's Interest Notice x4 ↗ | ExerciseFully paid ordinary shares (PSC) | 157,895 | —Non Cash | — | — |
| 2026-09-03 | Doug Jones
Details & evidence for Doug Jones on 2026-09-03As disclosed: 157,895 fully paid ordinary shares acquired; 157,895 Service Rights disposed on exercise.
director · Start not disclosed Change of Director's Interest Notice x4 ↗ | ExerciseFully paid ordinary shares (PSC) | 157,895 | —Non Cash | — | — |
| 2026-09-03 | Ian Goldberg
Details & evidence for Ian Goldberg on 2026-09-03As disclosed: 443,181 fully paid ordinary shares acquired; 443,181 performance rights disposed on exercise.
director · Start not disclosed Change of Director's Interest Notice x4 ↗ | ExerciseFully paid ordinary shares (PSC) | 443,181 | —Non Cash | — | — |
| 2026-09-03 | Samuel Hosack
Details & evidence for Samuel Hosack on 2026-09-03As disclosed: 977,221 fully paid ordinary shares acquired; rights exercised.
director · Start not disclosed Change of Director's Interest Notice x4 ↗ | ExerciseFully paid ordinary shares (PSC) | 977,221 | —Non Cash | — | — |
| 2026-08-26 | Samuel Hosack
Details & evidence for Samuel Hosack on 2026-08-26As disclosed: 384,443 performance rights disposed through lapse.
director · Start not disclosed Change of Director's Interest Notice x2 ↗ | ExpiryPerformance Rights (STI) | 384,443 | —Non Cash | — | — |
| 2026-08-26 | Ian Goldberg
Details & evidence for Ian Goldberg on 2026-08-26As disclosed: 306,457 performance rights lapsed.
director · Start not disclosed Change of Director's Interest Notice x2 ↗ | ExpiryPerformance Rights expiring 21 July 2028 | 306,457 | —Non Cash | — | — |
| 2026-08-26 | Ian Goldberg
Details & evidence for Ian Goldberg on 2026-08-26As disclosed: 325,611 ordinary shares acquired on exercise; 306,457 additional performance rights lapsed.
director · Start not disclosed Change of Director's Interest Notice x2 ↗ | ExerciseFully paid ordinary shares (PSC) | 325,611 | —Non Cash | — | — |
| 2025-12-16 | Matt Pascall
Details & evidence for Matt Pascall on 2025-12-16As disclosed: 473,685 Service Rights expiring 21 July 2029 granted/issued under incentive plan; nil cash consideration.
director · Start not disclosed Change of Director's Interest Notice x6 ↗ | GrantService Rights expiring 21 July 2029 | 473,685 | —Non Cash | — | — |
| 2025-12-16 | Doug Jones
Details & evidence for Doug Jones on 2025-12-16As disclosed: 473,685 Service Rights expiring 21 July 2029 granted/issued under incentive plan; nil cash consideration.
director · Start not disclosed Change of Director's Interest Notice x6 ↗ | GrantService Rights expiring 21 July 2029 | 473,685 | —Non Cash | — | — |
| 2025-12-16 | Gaurav Gupta
Details & evidence for Gaurav Gupta on 2025-12-16As disclosed: 473,685 Service Rights expiring 21 July 2029 granted/issued under incentive plan; nil cash consideration.
director · Start not disclosed Change of Director's Interest Notice x6 ↗ | GrantService Rights expiring 21 July 2029 | 473,685 | —Non Cash | — | — |
| 2025-12-16 | Mark Wheatley
Details & evidence for Mark Wheatley on 2025-12-16As disclosed: 631,578 Service Rights expiring 21 July 2029 granted/issued under incentive plan; nil cash consideration.
director · Start not disclosed Change of Director's Interest Notice x6 ↗ | GrantService Rights expiring 21 July 2029 | 631,578 | —Non Cash | — | — |
| 2025-12-16 | Ian Goldberg
Details & evidence for Ian Goldberg on 2025-12-16As disclosed: 957,679 Performance Rights expiring 21 July 2028 granted/issued under incentive plan; nil cash consideration.
director · Start not disclosed Change of Director's Interest Notice x6 ↗ | GrantPerformance Rights expiring 21 July 2028 | 957,679 | —Non Cash | — | — |
| 2025-12-16 | Ian Goldberg
Details & evidence for Ian Goldberg on 2025-12-16As disclosed: 958,000 Unlisted options expiring 16 August 2029, exercisable at A$0 granted/issued under incentive plan; nil cash consideration.
director · Start not disclosed Change of Director's Interest Notice x6 ↗ | GrantUnlisted options expiring 16 August 2029, exercisable at A$0 | 958,000 | —Non Cash | — | — |
| 2025-12-16 | Samuel Hosack
Details & evidence for Samuel Hosack on 2025-12-16As disclosed: 1,201,384 Performance Rights expiring 21 July 2028 granted/issued under incentive plan; nil cash consideration.
director · Start not disclosed Change of Director's Interest Notice x6 ↗ | GrantPerformance Rights expiring 21 July 2028 | 1,201,384 | —Non Cash | — | — |
| 2025-12-16 | Samuel Hosack
Details & evidence for Samuel Hosack on 2025-12-16As disclosed: 1,202,000 Unlisted options expiring 16 August 2029, exercisable at A$0 granted/issued under incentive plan; nil cash consideration.
director · Start not disclosed Change of Director's Interest Notice x6 ↗ | GrantUnlisted options expiring 16 August 2029, exercisable at A$0 | 1,202,000 | —Non Cash | — | — |
| 2025-12-10 | Doug Jones
Details & evidence for Doug Jones on 2025-12-10As disclosed: 465,116 fully paid ordinary shares acquired on-market at A$0.21/share.
director · Start not disclosed Change of Director's Interest Notice - DJ ↗ | PurchaseFully paid ordinary shares (PSC) | 465,116 | — | AUD 0.21Disclosed price | — |
| 2025-12-05to 2025-12-09 | Samuel Hosack
Details & evidence for Samuel Hosack on 2025-12-05As disclosed: 1,000,000 fully paid ordinary shares acquired on-market in three price lots during 5–9 December 2025.
director · Start not disclosed Change of Director's Interest Notice - SH ↗ | PurchaseFully paid ordinary shares (PSC) | 1,000,000 | AUD 201,807.09 | AUD 0.201807Calculated average | — |
| 2025-11-19 | Gerry Fahey
Details & evidence for Gerry Fahey on 2025-11-19As disclosed: 1,000,000 fully paid ordinary shares acquired and 1,000,000 options disposed on exercise.
director · Start not disclosed Change of Director's Interest Notice - GF ↗ | ExerciseFully paid ordinary shares (PSC) | 1,000,000 | AUD 150,000.00 | AUD 0.15Disclosed price | — |
| 2025-10-07 | Samuel Hosack
Details & evidence for Samuel Hosack on 2025-10-07As disclosed: 3,000,000 unlisted options disposed; nil consideration.
director · Start not disclosed Change of Director's Interest Notice - SH ↗ | ExpiryUnlisted options expiring 7 October 2026 at A$0.15 | 3,000,000 | —Non Cash | — | — |
| 2025-10-07 | Ian Goldberg
Details & evidence for Ian Goldberg on 2025-10-07As disclosed: 2,000,000 unlisted options disposed; nil consideration.
director · Start not disclosed Change of Director's Interest Notice - IG ↗ | ExpiryUnlisted options expiring 7 October 2026 at A$0.15 | 2,000,000 | —Non Cash | — | — |
| 2025-09-04 | Samuel Hosack
Details & evidence for Samuel Hosack on 2025-09-04As disclosed: 977,019 fully paid ordinary shares acquired; performance rights converted.
director · Start not disclosed Change of Director's Interest Notice - SH ↗ | ExerciseFully paid ordinary shares (PSC) | 977,019 | —Non Cash | — | — |
| 2025-09-04 | Ian Goldberg
Details & evidence for Ian Goldberg on 2025-09-04As disclosed: 713,951 fully paid ordinary shares acquired; performance rights converted.
director · Start not disclosed Change of Director's Interest Notice - IG ↗ | ExerciseFully paid ordinary shares (PSC) | 713,951 | —Non Cash | — | — |
| 2025-08-08 | Samuel Hosack
Details & evidence for Samuel Hosack on 2025-08-08As disclosed: 612,500 performance rights disposed by lapse.
director · Start not disclosed Change of Director's Interest Notice - SH ↗ | ExpiryPerformance rights expiring 3 September 2027 | 612,500 | —Non Cash | — | — |
| 2025-08-08 | Ian Goldberg
Details & evidence for Ian Goldberg on 2025-08-08As disclosed: 477,273 performance rights disposed by lapse.
director · Start not disclosed Change of Director's Interest Notice - IG ↗ | ExpiryPerformance rights expiring 3 September 2027 | 477,273 | —Non Cash | — | — |
| 2025-04-04 | Ian Goldberg
Details & evidence for Ian Goldberg on 2025-04-04As disclosed: 443,077 performance rights disposed by lapse.
director · Start not disclosed Change of Directors Interest Notice - IG ↗ | ExpiryPerformance rights expiring 9 August 2026 | 443,077 | —Non Cash | — | — |
| 2025-04-04 | Samuel Hosack
Details & evidence for Samuel Hosack on 2025-04-04As disclosed: 668,077 performance rights disposed by lapse.
director · Start not disclosed Change of Directors Interest Notice - SH ↗ | ExpiryPerformance rights expiring 9 August 2026 | 668,077 | —Non Cash | — | — |
| 2024-11-11 | Samuel Hosack
Details & evidence for Samuel Hosack on 2024-11-11As disclosed: 1,058,269 ordinary shares acquired on conversion of performance rights.
director · Start not disclosed Change of Directors Interest Notice - SH ↗ | ExerciseFully paid ordinary shares (PSC) | 1,058,269 | —Non Cash | — | — |
| 2024-11-05 | Ian Goldberg
Details & evidence for Ian Goldberg on 2024-11-05As disclosed: 135,000 fully paid ordinary shares purchased on-market at A$0.088/share.
director · Start not disclosed Change of Directors Interest Notice - IG ↗ | PurchaseFully paid ordinary shares (PSC) | 135,000 | AUD 11,880.00 | AUD 0.088Disclosed price | — |
| 2024-11-05 | Ian Goldberg
Details & evidence for Ian Goldberg on 2024-11-05As disclosed: 693,269 fully paid ordinary shares acquired on conversion of performance rights.
director · Start not disclosed Change of Directors Interest Notice - IG ↗ | ExerciseFully paid ordinary shares (PSC) | 693,269 | —Non Cash | — | — |
| 2024-09-11 | Ian Goldberg
Details & evidence for Ian Goldberg on 2024-09-11As disclosed: 600,000 ordinary shares acquired under SPP at A$0.10/share.
director · Start not disclosed Change of Director's Interest Notice x4 ↗ | SubscriptionFully paid ordinary shares (PSC) | 600,000 | AUD 60,000.00 | AUD 0.1Disclosed price | — |
| 2024-09-11 | Gerry Fahey
Details & evidence for Gerry Fahey on 2024-09-11As disclosed: 300,000 ordinary shares acquired under SPP at A$0.10/share.
director · Start not disclosed Change of Director's Interest Notice x4 ↗ | SubscriptionFully paid ordinary shares (PSC) | 300,000 | AUD 30,000.00 | AUD 0.1Disclosed price | — |
| 2024-09-11 | Mark Wheatley
Details & evidence for Mark Wheatley on 2024-09-11As disclosed: 300,000 ordinary shares acquired under SPP at A$0.10/share.
director · Start not disclosed Change of Director's Interest Notice x4 ↗ | SubscriptionFully paid ordinary shares (PSC) | 300,000 | AUD 30,000.00 | AUD 0.1Disclosed price | — |
| 2024-09-11 | Samuel Hosack
Details & evidence for Samuel Hosack on 2024-09-11As disclosed: 600,000 ordinary shares acquired under SPP at A$0.10/share.
director · Start not disclosed Change of Director's Interest Notice x4 ↗ | SubscriptionFully paid ordinary shares (PSC) | 600,000 | AUD 60,000.00 | AUD 0.1Disclosed price | — |
| 2024-05-01 | Gerry Fahey
Details & evidence for Gerry Fahey on 2024-05-01As disclosed: 375,000 fully paid ordinary shares purchased on-market at average price A$0.1551/share.
director · Start not disclosed Change of Director Interest Notice - GF ↗ | PurchaseFully paid ordinary shares (PSC) | 375,000 | — | AUD 0.1551Disclosed price | — |
| 2024-04-30 | Mark Wheatley
Details & evidence for Mark Wheatley on 2024-04-30As disclosed: 1,000,000 fully paid ordinary shares purchased on-market at average price A$0.156/share.
director · Start not disclosed Change of Director Interest Notice - MW ↗ | PurchaseFully paid ordinary shares (PSC) | 1,000,000 | — | AUD 0.156Disclosed price | — |
| 2024-04-10to 2024-04-15 | Samuel Hosack
Details & evidence for Samuel Hosack on 2024-04-10As disclosed: 3,477,200 ordinary shares purchased on-market at average price A$0.1448/share.
director · Start not disclosed Change of Director's Interest Notice ↗ | PurchaseFully paid ordinary shares (PSC) | 3,477,200 | — | AUD 0.1448Disclosed price | — |
| 2023-12-05 | Samuel Hosack
Details & evidence for Samuel Hosack on 2023-12-05As disclosed: 2,076,000 Unlisted options expiring 9 August 2027, exercisable at A$0.20 issued under the Long Term Incentive Plan.
director · Start not disclosed Change of Director's Interest Notice ↗ | GrantUnlisted options expiring 9 August 2027, exercisable at A$0.20 | 2,076,000 | —Non Cash | — | — |
| 2023-12-05 | Samuel Hosack
Details & evidence for Samuel Hosack on 2023-12-05As disclosed: 1,484,615 Performance Rights expiring 9 August 2026 issued under the Long Term Incentive Plan.
director · Start not disclosed Change of Director's Interest Notice ↗ | GrantPerformance Rights expiring 9 August 2026 | 1,484,615 | —Non Cash | — | — |
| 2023-11-15 | Samuel Hosack
Details & evidence for Samuel Hosack on 2023-11-15As disclosed: 650,000 fully paid ordinary shares acquired on conversion of performance rights.
director · Start not disclosed Change of Directors Interest Notice ↗ | ExerciseFully paid ordinary shares (PSC) | 650,000 | —Non Cash | — | — |
| 2023-08-21 | Samuel Hosack
Details & evidence for Samuel Hosack on 2023-08-21As disclosed: 700,000 unvested performance rights lapsed.
director · Start not disclosed Change of Director's Interest Notice - SH ↗ | ExpiryPerformance rights expiring 7 October 2025 | 700,000 | —Non Cash | — | — |
| 2023-06-22 | Samuel Hosack
Details & evidence for Samuel Hosack on 2023-06-22As disclosed: 692,436 ordinary shares acquired on-market at A$0.1407/share.
director · Start not disclosed Change of Director's Interest Notice - SH ↗ | PurchaseFully paid ordinary shares (PSC) | 692,436 | — | AUD 0.1407Disclosed price | — |
| 2023-06-21 | Samuel Hosack
Details & evidence for Samuel Hosack on 2023-06-21As disclosed: 27,564 ordinary shares acquired on-market at A$0.1250/share.
director · Start not disclosed Change of Director's Interest Notice - SH ↗ | PurchaseFully paid ordinary shares (PSC) | 27,564 | — | AUD 0.125Disclosed price | — |
| 2023-06-20 | Gerry Fahey
Details & evidence for Gerry Fahey on 2023-06-20As disclosed: 300,000 ordinary shares purchased on-market at A$0.105/share.
director · Start not disclosed Change of Director's Interest Notice - GF ↗ | PurchaseFully paid ordinary shares (PSC) | 300,000 | — | AUD 0.105Disclosed price | — |
| 2023-06-20 | Samuel Hosack
Details & evidence for Samuel Hosack on 2023-06-20As disclosed: 950,000 ordinary shares acquired on-market at A$0.1050/share.
director · Start not disclosed Change of Director's Interest Notice - SH ↗ | PurchaseFully paid ordinary shares (PSC) | 950,000 | — | AUD 0.105Disclosed price | — |
| 2023-06-19 | Mark Wheatley
Details & evidence for Mark Wheatley on 2023-06-19As disclosed: 500,000 ordinary shares purchased on-market at A$0.105/share.
director · Start not disclosed Change of Director's Interest Notice - MW ↗ | PurchaseFully paid ordinary shares (PSC) | 500,000 | — | AUD 0.105Disclosed price | — |
The closest covered peers
Peer comparison
Peer comparison pending
An on-demand analysis selects up to five closest peers and checks what their differences mean for independent fair value.
Narrative and provenance
Research & Sources
The full analyst report, its figures and the broker-style PDF are available to subscribers and invited guests.
Sign in or enter a guest codeChronological evidenceSource-document inventory21 documents
Annual Report to shareholdersOperations · HighExtracted
Audited FY2026 baseline updates management, cash, liabilities, conditional arrangements, and Omaruru permit/disposal status. Date-only web release time is conservatively rolled to next trading day. Web filing supplied release date only; the required time field uses a conservative 23:59 AEST date-only placeholder, with next-session effective date.
- Document ID
- annual-20260924
- Published UTC
- 2026-09-24T13:59:00Z
- Projects
- mumbezhi · omaruru
- Commodities
- copper · cobalt · gold · lithium
PSC ASX ordinary share local historical closeMarket Data · HighExtracted
Latest eligible local close selected by miners.reference_price from data/asx_mining_companies.db: market data provider via miners.collect_stock_prices; ASX ordinary security, AUD 0.21 close and 26,179 shares volume. No external quote substituted.
- Document ID
- market-price-20260925
- Published UTC
- 2026-09-25T06:00:00Z
- Projects
- —
- Commodities
- —
Nyungu Central Phase 3 Drilling Further ExpandedOperations · HighExtracted
Latest drilling adds copper intersections outside the current resource; Sharamba initial assays confirm a new copper discovery. Company guides the formal Scoping Study to Q1 2027. Web filing supplied release date only; the required time field uses a conservative 23:59 AEST date-only placeholder, with next-session effective date.
- Document ID
- drilling-20260917
- Published UTC
- 2026-09-17T13:59:00Z
- Projects
- mumbezhi
- Commodities
- copper
Application for quotation of securities - PSCCorporate Action · HighExtracted
2,091,228 additional shares issued from service rights and option exercises; latest quoted and unquoted security table.
- Document ID
- quote-20260917
- Published UTC
- 2026-09-17T07:08:00Z
- Projects
- —
- Commodities
- —
Application for quotation of securities - PSCCorporate Action · HighExtracted
Further rights conversions bring ordinary shares to 835,299,705. Web filing supplied release date only; the required time field uses a conservative 23:59 AEST date-only placeholder, with next-session effective date.
- Document ID
- quote-20260910
- Published UTC
- 2026-09-10T13:59:00Z
- Projects
- —
- Commodities
- —
Notification of cessation of securities - PSCCorporate Action · HighExtracted
1,082,109 performance rights lapsed after unmet conditions.
- Document ID
- cessation-20260902
- Published UTC
- 2026-09-02T08:23:00Z
- Projects
- —
- Commodities
- —
Application for quotation of securities - PSCCorporate Action · HighExtracted
325,611 rights converted; ordinary shares rose to 833,063,238. Web filing supplied release date only; the required time field uses a conservative 23:59 AEST date-only placeholder, with next-session effective date.
- Document ID
- quote-20260901
- Published UTC
- 2026-09-01T13:59:00Z
- Projects
- —
- Commodities
- —
Quarterly Activities and Cashflow Report Jun 2026Operations · HighExtracted
Latest resource, metallurgy, Phase 3 programme, cash, debt and capital-structure evidence through June 2026.
- Document ID
- quarter-20260729
- Published UTC
- 2026-07-28T22:31:14Z
- Projects
- mumbezhi · omaruru
- Commodities
- copper · gold · cobalt · lithium
Notification of cessation of securities - PSCCorporate Action · MediumExtracted
Lapse of conditional options, reducing the fully diluted security count without changing ordinary shares.
- Document ID
- cessation-20260714
- Published UTC
- 2026-07-14T07:28:47Z
- Projects
- —
- Commodities
- —
Application for quotation of securities - PSCCorporate Action · MediumExtracted
Quotation after option exercises and the latest ordinary-share count before the cutoff.
- Document ID
- quote-20260710
- Published UTC
- 2026-07-10T02:33:53Z
- Projects
- —
- Commodities
- —
Prospect Resources Corporate PresentationPresentation · MediumExtracted
Corporate overview of resource scale, metallurgy, infrastructure and planned Scoping Study timetable.
- Document ID
- presentation-20260623
- Published UTC
- 2026-06-22T22:16:08Z
- Projects
- mumbezhi
- Commodities
- copper · gold · cobalt
Application for quotation of securities - PSCFinancing · MediumExtracted
Quotation of the conditional placement tranche and resulting issued capital.
- Document ID
- quote-20260521
- Published UTC
- 2026-05-21T08:02:14Z
- Projects
- —
- Commodities
- —
Argonaut Gold Boost to Resource UpgradeOther · MediumExtracted
Latest accessible broker research is issuer-hosted Argonaut note dated May 2026; its hypothetical mine plan predates a company Scoping Study and is used only as a debate check.
- Document ID
- argonaut-20260520
- Published UTC
- 2026-05-19T23:00:00Z
- Projects
- mumbezhi
- Commodities
- copper · gold · cobalt
Quarterly Activities and Cashflow Report Mar 2026Operations · HighExtracted
March-quarter resource expansion, ownership increase, placement-funded programme and updated liquidity.
- Document ID
- quarter-20260423
- Published UTC
- 2026-04-22T22:31:47Z
- Projects
- mumbezhi · omaruru
- Commodities
- copper · gold · cobalt · lithium
Acquisition of Additional 5% Interest in Mumbezhi CompletedTransaction · HighExtracted
Completion of the additional 5% Mumbezhi acquisition, taking Prospect's ownership to 90%.
- Document ID
- ownership-complete-20260326
- Published UTC
- 2026-03-25T22:25:33Z
- Projects
- mumbezhi
- Commodities
- copper
Half Yearly Report and AccountsResults · HighExtracted
Reviewed half-year accounts, pre-placement liquidity, project carrying values and subsequent financing and ownership events.
- Document ID
- half-20260312
- Published UTC
- 2026-03-11T22:32:03Z
- Projects
- mumbezhi · omaruru
- Commodities
- copper · lithium
Prospect to Increase Ownership of Mumbezhi Copper ProjectTransaction · HighExtracted
Binding agreement to acquire an additional 5% of Mumbezhi for US$4.25 million, subject to conditions.
- Document ID
- ownership-20260305
- Published UTC
- 2026-03-04T22:49:33Z
- Projects
- mumbezhi
- Commodities
- copper
Quarterly Activities and Cashflow Report Dec 2025Operations · MediumExtracted
Phase 2 drilling completion, target generation, cash runway and December capital structure.
- Document ID
- quarter-20260127
- Published UTC
- 2026-01-26T21:24:13Z
- Projects
- mumbezhi · omaruru
- Commodities
- copper · lithium
Quarterly Activities and Cashflow Report Sept 2025Operations · MediumExtracted
September-quarter drilling progress, liquidity and issued-capital update.
- Document ID
- quarter-20251027
- Published UTC
- 2025-10-26T21:32:08Z
- Projects
- mumbezhi · omaruru
- Commodities
- copper · lithium
Annual Report to shareholdersResults · HighExtracted
Audited FY2025 financials, project ownership, tenement schedule, securities and contingent Mumbezhi milestone consideration.
- Document ID
- annual-20250929
- Published UTC
- 2025-09-28T22:18:01Z
- Projects
- mumbezhi · omaruru
- Commodities
- copper · lithium
Mumbezhi Mineral Resources Exceed 500kt Contained CopperResource Update · HighExtracted
Maiden JORC resource for Nyungu Central and Kabikupa, later superseded by 2026 estimates.
- Document ID
- mre-20250311
- Published UTC
- 2025-03-10T22:27:52Z
- Projects
- mumbezhi
- Commodities
- copper
Evidence facts68
107200000 tonnes
2025-03-110.5 % Cu
2025-03-11514600 tonnes Cu
2025-03-1121062000 AUD
2025-06-302500000 AUD
2025-06-3039445-HQ-LML and 39465-HQ-LML None
2025-06-3012726000 AUD
2025-09-301.6 quarters
2025-09-30703633427 shares
2025-10-2710412000 AUD
2025-12-313.01 quarters
2025-12-31705076726 shares
2026-01-274250000 USD
2026-03-0590 %
2026-03-0510263000 AUD
2025-12-3128839000 AUD
2025-12-3145000000 AUD
2026-02-1690 %
2026-03-264250000 USD
2026-03-2633734000 AUD
2026-03-315000000 AUD
2026-03-3113.14 quarters
2026-03-31772000 tonnes Cu
2026-02-09FY2032 None
2026-05-2050000 tonnes/year
2026-05-2017888561 shares
2026-05-210.38 AUD/share
2026-05-21831910141 shares
2026-05-2196.2 %
2026-06-2381.4 %
2026-06-23Q4 2026 to Q1 2027 None
2026-06-23832737627 shares
2026-07-10827486 shares
2026-07-10789979 options
2026-06-16396000 options
2026-06-1647073726 securities
2026-07-14208100000 tonnes
2026-05-200.42 % Cu
2026-05-20877100 tonnes Cu
2026-05-2043500 tonnes Co
2026-05-20262100 ounces Au
2026-05-2036616000 AUD
2026-06-305000000 AUD
2026-06-300 AUD
2026-06-309.73 quarters
2026-06-3026000 metres
2026-06-30833063238 shares
2026-09-01325611 shares
2026-08-261082109 rights
2026-08-26835299705 shares
2026-09-102236467 shares
2026-09-0427m at 0.69% Cu from 102m None
2026-09-1729 holes
2026-09-1716 holes
2026-09-17Q1 2027 None
2026-09-17837390933 shares
2026-09-1741338311 securities
2026-09-1736616000 AUD
2026-06-305000000 AUD
2026-06-30-7918000 AUD
2026-06-3012168000 AUD
2026-06-3036815000 AUD
2026-06-30421500 AUD
2026-06-302500000 AUD
2026-06-301200000 USD
2026-06-3032000 metres
2026-09-240.21 AUD/share
2026-09-2526179 shares
2026-09-25Conflicts requiring judgment3
- ordinary shares on issue
The 10 July Appendix 2A is later and incorporates intervening option exercises, so 832,737,627 is the selected ordinary-share count.
- Mumbezhi mineral resource estimate
The May 2026 estimate reported in the June quarterly supersedes the March 2025 maiden estimate and includes later drilling and re-assaying.
- Phase 3 drill programme metres
July quarterly cited about 26,000m; September release documents expanded work at Nyungu Central and annual report cites about 32,000m. Use latest programme and avoid summing nested targets.