Australia's Prospect Resources jumps on raising stake in Zambia copper project

Prospect Resources

05/03/2026 24:08

** Shares of Prospect Resources  PSC.AX rise as much as 4% to A$0.395, their biggest intraday pct gain since Feb 20

** Prospect to acquire an additional 5% interest in Mumbezhi Copper Project in Zambia for $4.25 million

** Co raises ownership in project to 90%

** YTD, PSC up 52.9%

(Reporting by Nichiket Sunil in Bengaluru)

((Nichiket.Sunil@thomsonreuters.com))