Prosperity Resources (PSP)

Shares / Stock Code

PSP

Stock Exchange / Sharemarket

Australian Securities Exchange

Prosperity Resources (PSP) is a gold exploration company. Its primary exploration area is in the Yalgoo greenstone belt of Murchison province in Western Australia. PSP also has an interest in Paynes Find and Mt Gibson. Exploration companies aim to discover and delineate occurrences of metals and minerals that can be economically mined and extracted.

The company listed on the Australian stockmarket (ASX) 24 November, 2003. The company concentrates in the Murchison Province, which has produced over 8 million ounces of gold. PSP holds over 400km2 of exploration tenure around Yalgoo.

PSP's major customers would include the retail, wholesale and international markets. Its competitors consist of other mining companies within the area, such as Mawson West Limited (MWE). The mining industry is a global industry, which is highly competitive.

The Company is earning 80% interest in tenements in Mount Gibson as part of a joint venture with Mawson West Limited. The Company’s subsidiaries include Prosperity Resources (Yalgoo) Pty Ltd, Prosperity Resources (Mt Gibson) Pty Ltd, Prosperity Resources (Tennant Creek) Pty Ltd and Prosperity Resources (Indonesia) Pty Ltd.

Prosperity Resources (PSP) Products and Services

  • Exploration for copper/gold in Indonesia and Tennant Creek, Australia, and iron ore in Murchison belt in Western Australia, Australia.

Prosperity Resources (PSP) Locations and Subsidiaries

Prosperity Resources Head Office
100 Parry Street, PERTH, WA, AUSTRALIA, 6000
Phone: (08) 9322 7575
Fax: (08) 9322 9485

Prosperity Resources (PSP) Share Price

Submitted by ASX Listed Company on 20 May, 2010 - 20:04

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