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Prospect Resources names new managing director

Prospect Resources Ltd. said May 14 that it named Sam Hosack as managing director, effective July 14.

Hosack previously worked for First Quantum Minerals Ltd., primarily in their projects team.

In addition, the company said that Manana Nhlanhla stepped down from its board, effective immediately. Nhlanhla represents Armoured Fox, one of the company's early investors and substantial shareholders.