Prospect Resources Limited announced that the Phase 1 Reverse Circulation (RC) drilling program at its Omaruru Lithium Project (Earn-In with Osino Resources Corp.) has now been completed in Namibia. Omaruru is located in the highly prospective Karibib region, which hosts multiple LCT-style pegmatites at surface and confirmed by several walk-up targets where previous drilling and historical artisanal workings have returned strong lithium intercepts. It offers outstanding potential to rapidly delineate a Mineral Resource estimate and make significant new lithium discoveries.

The Phase 1 program was focussed on the Karlsbrunn and Brockmans pegmatite targets. It comprised 22 RC drillholes for a total of 2,056 metres drilled. All assays are expected to be returned, and initial geological interpretations complete, during first quarter 2023.