Prospect Resources (ASX: PSC): The Penny Stock Turning Heads with a Copper Surprise This July
July’s penny stock watchlist just got more interesting. Prospect Resources is not just riding copper sentiment. It is delivering hard data that could shift investor attention.
The company recently announced flotation test results from its Mumbezhi Copper Project in Zambia. Using a conventional process, it achieved a copper concentrate grade of 33.3 percent with 90.1 percent recovery. That result alone is worth a closer look.
- One-stage cleaner concentrate reported 24.6 percent copper at 96.2 percent recovery
- Results came from Nyungu Central, with testwork now moving to Kabikupa
- High graphitic carbon (up to 4.8 percent) did not impact copper performance
- Coarser grind size of 250 µm performed as well as 150 µm
This level of performance using a familiar processing setup could mean lower capital intensity and simpler plant design. For a penny stock, that kind of scalability matters.
Prospect has already outlined a maiden JORC-compliant resource of 514,000 tonnes of contained copper at Nyungu Central. It is also in a strategic partnership with First Quantum and progressing through its second phase of drilling and assays.
As July unfolds, this is a chart to watch. The catalysts are technical, not speculative. And the company has multiple layers of value emerging — from metallurgy to project scale.
In a crowded field of small caps, Prospect is showing something different. It is not just another penny stock. It is a developing copper story with real numbers behind it.
True North Copper (ASX: TNC): Is This the Penny Stock With a Breakout Copper Discovery?
Penny stocks are often driven by charts. But sometimes, the catalysts come straight from the ground. That is exactly what’s happening with True North Copper, which just reported a potentially game-changing copper-cobalt-silver discovery at its Mt Oxide Project.
The Aquila Prospect, located in northwest Queensland, has delivered results that are already generating buzz. Intercepts from recent drilling show wide, high-grade mineralisation starting at shallow depths — a formula that typically excites both geologists and traders.
- 30m at 2.45% copper, 0.02% cobalt, 6.2 g/t silver from 20m
- 145m at 0.75% copper, 0.12% cobalt, 2.9 g/t silver from 28m
- Multiple intervals exceeding 1 percent copper over meaningful widths
- Mineralisation remains open along strike and at depth
What adds weight is the location. Aquila sits within a known mineral corridor, just 4 kilometres from TNC’s Vero Resource. The scale, grade and continuity suggest this is not just a one-hole wonder.
True North has already begun follow-up work. Assays from two more holes are pending, and new geophysics will help define further targets.
For investors scanning July’s penny stock watchlist, this is one of the rare stories with both near-term news flow and long-term upside potential.
True North Copper is still early in its story, but July may be the month it breaks into broader market focus.
(Source: Company Announcements)
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