Prospect Resources is optimistic that its newly acquired copper project in Zambia, Mumbezhi will yield positive results riding on firmer copper prices.
The Australian Stock Exchange-listed miner which developed the Arcadia lithium project in Zimbabwe recently completed acquisition of an 85 percent interest in the Mumbezhi copper project, located in Zambia’s renowned Copperbelt region.
“The recent positive moves in global copper market prices represent, I believe, a growing recognition of the daunting long term mine supply requirements that this market needs to meet..,” said Prospect managing director and chief executive Sam Hosack.