Prospect Resources increases stake in Zambezi copper project to 90% ownership through US$4.

Prospect Resources increases stake in Zambezi copper project to 90% ownership through US$4.25 million investment , pending regulatory approvals expected by April. The ASX-listed company now holds majority control of the Mumbezhi Copper Project located in Zambia's Central African Copperbelt region. Phase III drilling operations are scheduled to commence in Q2 2026, with the company planning an aggressive 50,000 meters of exploration drilling throughout 2026-27. The acquisition requires clearance from Zambia's tax authority and minerals regulators, with final completion anticipated next April. Prospect's recent equity raising provides funding confidence for the expanded drilling program at this world-class copper asset in Africa's premier copper jurisdiction.