Prospect Resources secures licences for Mumbezhi copper production in Zambia

Two large-scale mining licenses (LMLs) have been given to the prospective resources of the Australian Search and Development Company for its flag bearing Mumbez copper project.

This LMLS grant provides 25-year-old management security, restored for 25 years of sequence. Licenses are cornerstone for further development, financing and long-term operational planning.

LMLS risks the project, contrasting with the Australian system, where mining license, as a rule, is a final step before developing.

According to a significant assessment of the May Mineral Resources, 57 million tons (MT) score 515,000 tons, Mumbiazhi is ready to support Zambia’s goal of three million tons (MTPA).

The Executive Director of Perspective Resources and General Manager Sam Hosk said:

“This license grant is the grant of significant research on the Girl’s Mineral Resources Table and Project.

The prospect is also positioned to negotiate additional investment incentives within the Zambia Development Agency.

Exceptive exploration efforts continue to identify significant potential in Nyungu corridor and Cabicoup.

With the next second quarter of 2025, the company aims to increase its copper resource base and progress in large-scale mining.

Hosc added: The priority goals of the upcoming programs include Nyungu ‘the corridor, which remains widely undetected.

“It simply came to our notice then that it is set to the large scale of the surrounding copper actions and the forecasted life, gives us statistical greatness in Mumbez.

“Perspective resources provide Mumbeabi copper licenses in Zambia,” he was originally created and published Mining technologyGlobaldata owned brand.

The information about this site is included only for good faith only for general information purposes. It is not intended to advise on which you have to rely on, and we do not present a representation, a guarantee or guarantee, whether it is an expression or entering its accuracy or integrity. You must receive professional or specialist advice before taking or refraining any action based on content on our website.