Prospect Resources Ltd. · ASX:PSC
Prospect Resources — Investor Presentation (October 2026)
20 slides from Prospect Resources's investor presentation, Oct 7, 2026
Slide 1: Argonaut Copper Connect Day
rsonal use only Argonaut Copper Connect Day ASX:PSC | FRA:5E8 Clear development pathway Scale and expansion upside 7 October 2026
Slide 2: Important Notices
Important Notices Caution Regarding Forward Looking Information Competent Person’s Statements The information contained in this presentation or subsequently provided to any recipient of this The information in this announcement that relates to Exploration Results, is based on information rsonal use
Slide 3: Emerging pure-play copper opportunity
Emerging pure-play copper opportunity Rapidly advancing the Prospective regional flagship Mumbezhi geology, copper rsonal use only Copper Project in the NW endowment and adjacent Zambian Copper Belt to several existing copper operations Two granted Large Scale Growing MRE of 208.1Mt at Mining Licenc
Slide 4: The Prospect Business
rsonal use only The Prospect Business Driving the sustainable copper revolution
Slide 5: Who we are
Who we are About Prospect Resources (ASX:PSC) rsonal use only A high-velocity, copper-focused exploration and development business With a proven track record in commercialising large-scale projects in Africa Capital structure ASX: PSC 837.4 M A$0.25 A$209 M A$42 M FRA: 5E8 Ordinary shares Share pric
Slide 6: What we have done
What we have done Confirmed value creators with a proven track record rsonal use only 🗸 🗸 Advanced the Over A$388M This same team Over A$150M Arcadia Lithium in organic acquired the in additional Project in equity value Mumbezhi organic market Zimbabwe from created and Copper Project equity value…
Slide 7: Where we are now
Where we are now Advancing our flagship Mumbezhi Copper Project (90% PSC) rsonal use only Defining a large-scale copper system 29 in the Zambian Copper Belt Cu 16,000m Phase 3 diamond drilling completed to date in 2026 Updated MRE (May 2026) of 1.02Mt 70% contained CuEq and growing1,2 from maiden MR
Slide 8: The Mumbezhi Project
rsonal use only The Mumbezhi Project An emerging, world-class copper asset
Slide 9: An outstanding copper mining address
An outstanding copper mining address Zambia is a global copper geology and production cornerstone ► Situated in the world-class Zambian Copper Belt rsonal use only ► Strategically proximate to several existing Tier-1 copper operations (FQM and Barrick) ► Regional transport, power and water infrastru
Slide 10: Established scale and scalability
Established scale and scalability Rapidly growing Mumbezhi resource towards a Tier-1 copper development1 Tonnes Tonnes Ounces Copper Geology and grade consistent with other Tier-1 Deposit Tonnes Copper Cobalt Au Contained Contained Contained Equiv (millions) (Cu%) (Co%) (g/t) rsonal use only deposit
Slide 11: Nyungu Central: The baseload
Nyungu Central: The baseload A growing footprint with further substantial strike and down-dip extension opportunity TOTAL NYUNGU CENTRAL rsonal use only MINERAL RESOURCE 154.4 Mt @ 0.42% Cu for 651 kt cont. Cu (0.51% CuEq) PHASE 3 Drilling Results1 NCDD028 (66m @ 0.42% Cu from 226m) NCDD026 (44m @ 0
Slide 12: District-scale copper growth potential
District-scale copper growth potential Exciting potential for new, transformative copper discoveries during 2026 ► Two new large-scale target areas identified at rsonal use only Chipimpa and Sharamba ► Both targets +2km in strike and exhibit similar scale, shape and conductivity to Nyungu Central ►
Slide 13: The Path to Commercialisation
rsonal use only The Path to Commercialisation Growing and de-risking the Mumbezhi development opportunity
Slide 14: Unlocking the greater Mumbezhi potential
Unlocking the greater Mumbezhi potential High-velocity 2026 drilling and exploration programme Serious expansion of exploration spend and drilling metres rsonal use only Phase 3 drilling objectives Phase 3 2026 drilling Growth-focused 32,000m ► Targeting shallow up-plunge dip and strike programme co
Slide 15: By-product cost advantages
By-product cost advantages A compelling additional value lever for Mumbezhi rsonal use only Au 0.03% CuEq By-product credits: Widespread cobalt and gold by-product Co 0.04% CuEq Reducing net cash cost of copper production mineralisation confirmed at Nyungu Central ► Existing gold and cobalt within M
Slide 16: Compelling metallurgical results
Compelling metallurgical results High-grade copper concentrates with strong recoveries1,2,3 ► Excellent metallurgical results confirm robust and rsonal use only Material Type Cu-in- scalable nature of targeted flowsheet Deposit As Proportion Conc. Copper Recovery Of Deposit MRE Grade ► Standard flot
Slide 17: Outlook and indicative schedule
Outlook and indicative schedule Leveraging Prospect’s proven credentials in economic stewardship and value creation Key workstream 2025 Q1 2026 Q2 2026 Q3 2026 Q4 2026 Q1 2027 rsonal use only Environmental Social Impact Assessment (ESIA) 🗸 Mining Licences granted 🗸 Maiden Mumbezhi MRE 🗸 2025…
Slide 18: Investment highlights
Investment highlights An emerging pure-play copper opportunity at a world-class Zambian address rsonal use only Scalable pure-play Strong foundational Compelling Robust array of Proven value copper exposure in Cu resource with metallurgy and potential project creation team with a Tier-1 copper subst
Slide 19: Contact us
rsonal use only Contact us +61 405 524 960 info@prospectresources.com.au Level 2, 33 Richardson Street West Perth WA 6005 Australia
Slide 20: Who we are
Who we are Board of Directors Management and Technical Team rsonal use only Mark Wheatley Sam Hosack Ian Goldberg Mwelwa Manda John Maketo David Broomfield Non-Executive Chairman Managing Director & CEO Executive Director – Finance Country Manager – Zambia Technical Manager Corporate Development Mar
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