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Prospect Resources secures option over Tombolo copper-cobalt project

Prospect Resources Ltd. secured an option to acquire the 21-square-kilometer Tombolo Klippe copper-cobalt project in the Democratic Republic of the Congo from TSM Enterprises Sarl.

The company can acquire the first 50% before Feb. 7, 2020, and the remaining 50% 12 months after the initial buy in, according to the Feb. 2 release.

Prospect will conduct follow-up work on the property including detailed geological mapping, trenching and drilling.

The company also plans to start an exploration program on the property to define a JORC-compliant mineral resource and generate material for metallurgical testwork.