Prospect Resources Ltd. · ASX:PSC
Prospect Resources — 2025 Indaba Mining Conference
20 slides from Prospect Resources's conference presentation, Feb 3, 2025
Slide 1: Leading Africa in the Electrification Metals Revolution
2025 Indaba Mining Conference Presentation Leading Africa in the Electrification Metals Revolution 3 February 2025 ASX:PSC | FRA:5E8
Slide 2: Important Notices
Important Notices Caution Regarding Forward Looking Information The information contained in this presentation or subsequently provided to any recipient of this presentation whether orally or in writing by or on behalf of Prospect Resources Ltd (“Prospect Resources” or “the Company”) or its respecti
Slide 3: Prospect: Leading the Way
Prospect: Leading the Way Capital structure Market listings ASX: PSC | FRA: 5E8 Shares on issue 571.7 M Share price (as at 31 Jan 2025) A$0.105 Battery and electrification metals focused developer Market capitalisation A$60 M Proven track record in exploring, advancing and Cash (31 Dec 2024) A$8
Slide 4: Experienced Board and Management
Experienced Board and Management Board of Directors Management and Technical Team Roger Tyler MEng (Mineral Resource Evaluation), BSc (Mining Geology), MAusIMM, Mwelwa Manda BCom (International Business and Economics), MSc Chief Geologist MSAIMM, ARSM, SACNASP Country Manager – (Strategic Project Za
Slide 5: Mumbezhi: A Tier-1 Copper Development
Mumbezhi: A Tier-1 Copper Development Flagship electrification metals asset demonstrating large-scale resource opportunity Proven world-class geological and production potential of Zambian Copper Belt Advanced exploration project in an attractive, mining-friendly jurisdiction Ready, scalable potenti
Slide 6: Our Flagship Mumbezhi Copper Project
Our Flagship Mumbezhi Copper Project Situated in the world-class Central African Copper Belt region in north-western Zambia Large Exploration Licence (LEL) covering 356 km2 – recent application for two MLs covering same area Detailed review and robust validation of historical geological data del
Slide 7: Copper: Delivering A Sustainable Future
Copper: Delivering A Sustainable Future Achieving net zero by 2050 will require a large increase in global mine supply of copper GLOBAL COPPER MARKET (Mt Cu metal) Copper widely seen as a green energy transition material, with no economically viable substitute in 60 the manufacturing of EVs, wind,
Slide 8: A World-Class Copper Environment
A World-Class Copper Environment Zambia produced 18% of global copper mine supply in 20231 Mumbezhi is surrounded by several world-class copper deposits/mines in north-west Zambia – Sentinel (FQM): 214 kt copper production at head grade of 0.49% Cu (2023)2 – Lumwana (Barrick): 118 kt copper produc
Slide 9: Proven Geological Setting
Proven Geological Setting Sedimentary-style copper mineralisation at Mumbezhi comparable to that found across the region Identified mineralisation at Mumbezhi (the Nyungu deposits) is the same sedimentary style copper deposition found across the Central African Copper Belt Sulphides in fresh roc
Slide 10: Large-Scale, Tenement-Wide Prospectivity
Large-Scale, Tenement-Wide Prospectivity Substantial potential for sizeable new copper discoveries Significant sets of technical data validated and now Licence showing main deposits available (geophysics, geology, geochemistry and drilling) defined at Mumbezhi Current EL has ~75% survey coverage
Slide 11: Nyungu Central Deposit
Nyungu Central Deposit Ready potential for low-cost, open pit mining development Now targeted by over 100 holes for approx. 22,000m of drilling intermittently since 2011 Historical and current drilling delineates a +1.4 km mineralised strike, within a 400m wide corridor and to 350m depth 1.4km
Slide 12: Drilling and IP Validate Growth Potential
Drilling and IP Validate Growth Potential Increasing Nyungu Central scale with predictability as geological model improves in three dimensions Wide, strong tenor intercepts1 returned from Phase 1 drilling (extensional and infill focus): – 47.3m @ 0.63% Cu from 232.3m (NCDD007) – 36.1m @ 0.95% Cu f
Slide 13: Significant Regional Potential Being Targeted
Significant Regional Potential Being Targeted Stepping outside Nyungu Central and testing broader Mumbezhi exploration opportunities Ground-based geophysical Induced Polarisation (IP) surveys completed over five prospective regional zones IP has historically proven a valuable exploration tool ac
Slide 14: Kabikupa Returns Impressive Results
Kabikupa Returns Impressive Results Strong chargeable IP anomaly delivered an attractive near-term regional target for scout drilling Kabikupa drilling during Phase 1 programme, based on geophysical and follow-up geochemical data which identified a strong, cohesive 1.5 km long IP anomaly1 Anomal
Slide 15: Nyungu North: High-Potential Targets
Nyungu North: High-Potential Targets Three key IP anomalies striking over 5km represent priority regional drill targets this year Nyungu North IP survey area was a 6km-long zone immediately north-north-east of Nyungu Central deposit (Compared with Lumwana Mine Super Pit Expansion schematic below)
Slide 16: The Targeted Mumbezhi Journey
The Targeted Mumbezhi Journey Regional Zambian analogues paint the potential long-term resource and production growth pathway SENTINEL MINE (FQM)1 LUMWANA MINE (BARRICK)3 KANSANSHI MINE (FQM)2 Commenced operations 2016 Commenced operations 2009 Commenced operations 2005 Mine start 2023 Mine start 20
Slide 17: Zambia: A Re-Emerging Copper Powerhouse
Zambia: A Re-Emerging Copper Powerhouse An important global mining jurisdiction that is again on the rise Zambia launched an ambitious national strategy targeting 3Mtpa Cu Production Target 3Mtpa annual copper production by 20311 Initiatives have been introduced to support growing copper industr
Slide 18: Rapidly Advancing Key Workstreams
Rapidly Advancing Key Workstreams Clear pathway to grow and evidence underlying Mumbezhi Project value in coming quarters Workstream Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Phase 1 infill and growth drilling programme Metallurgical studies Environmental Social Impact Assessment (ESIA) Mining Licence
Slide 19: Prospect are Proven Project Finders and Developers
Prospect are Proven Project Finders and Developers Prospect has an established reputation for substantial shareholder value generation through the systematic de-risking and advancement of the world-class Arcadia Lithium Mine Project The team progressed Arcadia from initial discovery through resource
Slide 20: Delivering The World's Future Copper Needs
Delivering The World’s Future Copper Needs Tier-1 copper province: Outstanding regional geology and copper endowment, scale 1 potential readily demonstrated by neighbouring analogues (FQM and Barrick) Infrastructure-rich: Full supply chain (including powerlines, arterial roads, water supply) 2 runni