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Prospect Resources release updates on phase one works of Omaruru lithium project

Prospect Resources has provided an update on its recently completed Phase 1 RC drilling programme at the Omaruru lithium project in Namibia.

Omaruru lithium project background

The Omaruru Lithium Project, currently comprising the EPL 5533 tenement, is centred on the village of Wilhelmstal, east of Karibib in Namibia and covers 175 m2. The tenement is located near a number of advanced mining projects, including Osino Resources’ Twin Hills Gold Project and Lepidico’s Karibib lithium project.

EPL 5533 contains 60 visible outcropping LCT pegmatites, with historical artisanal workings for gemstones common throughout the tenement and considerable prospectivity for the identification of further lithium-enriched deposits occurring below cover in the region.

Omaruru offers excellent potential for Prospect to delineate a maiden JORC reportable lithium Mineral Resource and identify new deposits, as well as establishing a strategic position in Namibia, providing an attractive growth pipeline in the battery minerals sector and continued investment in a desirable jurisdiction of sub-Saharan Africa. Prospect currently holds a 20% interest in Omaruru via its equivalent shareholding in Richwing Exploration, which is 80%-owned by Osino Resources Corp.

Prospect’s MD, Sam Hosack, commented: “The initial exploration work completed at Omaruru shows that the project is shaping up nicely at this early stage. While there is established lithium mineralisation at Omaruru that the Phase 1 drilling was directed at defining and extending, we are excited to have also made a significant new discovery, at robust grades and widths, at the southern end of the Brockmans zone. We are currently planning the next phase of work at Omaruru to follow-up these excellent initial outcomes. This drilling is expected to commence next quarter and encompass both RC and diamond drilling of Karlsbrunn and Brockmans, as well as potential shallow exploratory drilling of regional ‘blind’ pegmatite targets.”

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