Prospect Resources Limited (ASX:PSC) – $45m Institutional Placement

Argonaut acted as Joint Lead Manager and Joint Bookrunner to the placement, which attracted strong demand from domestic and offshore institutional investors. Proceeds will fund a further 50,000 metres of resource and regional drilling, metallurgical test work and technical studies at the Mumbezhi Copper Project, supporting an accelerated exploration and development programme through 2026 and 2027.

Congratulations to Managing Director & CEO Sam Hosack, Executive Director – Finance Ian Goldberg and the Prospect Resources team on the successful placement. Argonaut’s Corporate Finance team was led by Liam Twigger, Rob Telford, Max Carter-Mazak and Harrison Shepherd, with syndication directed by Chris Wippl.

For more information, visit the Prospect Resources website here.