Prospect Resources
Prospect Resources (ASX:PSC) is an Australia-domiciled, Africa-focused battery minerals exploration and mining company founded in 2007, with a Mumbai-based affiliate operating gold ore mining under a 50-year lease in Madhya Pradesh, India.
- Company typePrivate
- Founded2007
- HeadquartersSubiaco, Australia
- Headcount11–50
- GTM typeB2B
- OfferingHardware or Manufacturing
What Prospect Resources does
Prospect Resources (ASX:PSC) is an Australia-domiciled, Africa-focused battery minerals company founded in 2007 and headquartered in Subiaco, Western Australia. The company operates in the upstream mineral resources sector with a stated mandate targeting battery commodity exposure, consistent with publicly listed junior miners pursuing lithium and related critical-mineral assets across Africa. Its operating footprint, as represented in the input data, also extends to South Asia via a Mumbai-based affiliate (Prospect Resource Mineral Private Limited), which in 2025 secured a 50-year mining lease for gold ore — exceeding 3.35 lakh tonnes in identified reserves — in the Katni district of Madhya Pradesh, India, via a competitive bid above ₹121 crore. The company's revenue model, where disclosed, is anchored on mining/extraction operations under government-issued mineral rights rather than on technology licensing or recurring software revenue; pricing and offtake terms are not publicly disclosed. With 11–50 employees, cumulative funding of approximately $15.2M across 2018–2019, and a leadership team led by Founder & Managing Director Sam Hosack, the company operates at a junior-explorer scale. The provided financial figures (revenue, EBITDA, net income, EV) are internally inconsistent and appear to contain unit or data errors (values in the hundreds of billions to hundreds of trillions of dollars), and should not be relied upon without correction. No AI/ML capability, proprietary technology platform, or recurring software product is disclosed in the source material.
Prospect Resources firmographics
Firmographics- Name
- Prospect Resources
- Legal name
- Prospect Resource Mineral Private Limited
- Website
- https://prospectresources.com.au
- Company type
- Private
- Founded year
- 2007
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Prospect Resources (ASX:PSC) is an Australia-domiciled, Africa-focused battery minerals exploration and mining company founded in 2007, with a Mumbai-based affiliate operating gold ore mining under a 50-year lease in Madhya Pradesh, India.
- Ownership category
- akta.pro rank
Prospect Resources industry classification
Industry- Product category
- Battery Minerals Mining
- NAICS
- Other Metal Ore Mining (21229)
- SIC
- Miscellaneous Metal Ores (1090), Metal Mining (1000)
- akta.pro primary industry
- Exploration & Resource Development (Critical Minerals) (IMAKAFAL)
- akta.pro secondary industries
- Mineral Exploration & Geoscience Services (Geology, Geophysics, Geochemistry, Resource Modeling) (IMAKAKAA), Battery Raw Materials Mining & Refining (Lithium, Nickel, Cobalt, Manganese, Graphite) (EUAFABAA)
Keywords
Where Prospect Resources is headquartered
LocationHeadquarters
- HQ city
- Subiaco
- HQ country
- Australia
- HQ region
- Oceania
Offices1 record
Markets served
Prospect Resources business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Operations, Supply Chain, Personnel, Infrastructure, Others
Revenue model
- Gold Ore Mining Operations: Revenue generated through gold ore extraction from mining lease operations. The company secured a 50-year mining lease for gold ore in Katni district, Madhya Pradesh, India, with gold ore reserves exceeding 3.35 lakh tonnes.
Prospect Resources product offering
Product offeringCore offering
Prospect Resources is an Africa-focused battery minerals company engaged in the exploration, development, and extraction of critical mineral resources, primarily lithium and historically gold, copper, lead, zinc, and silver. The company holds mining leases — including a 50-year exclusive gold ore mining lease in Katni district, Madhya Pradesh, India — and is positioned to supply battery-grade mineral feedstock to the global lithium-ion battery value chain. The company's primary operations centre on hard-rock lithium projects in Africa, with ancillary gold ore extraction activities under government-issued mining tenures.
Product overview
No product or service information is available in the provided sources for Prospect Resources. The sources reference Prospect Resource Mineral Private Limited as a Mumbai-based mining company that has secured a 50-year mining lease for gold ore in Katni district, Madhya Pradesh, India.
Differentiator
Problem solved
Functional benefit
Products and services
- Africa battery minerals exploration and development (lithium)
- Gold ore mining operations (Katni, Madhya Pradesh, India)
Companies that use Prospect Resources
Customer profileNamed customers1 record
Segments1 record
Ideal customer profiles2 records
Prospect Resources technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Prospect Resources partnerships and signals
Strategic signalScale indicators3 records
Recent moves5 records
Expansion highlights4 records
Prospect Resources competitors and assessment
Company assessmentDirect peers
- Sayona Mining: ASX-listed lithium developer with hard-rock spodumene assets. Comparable to Prospect Resources as a publicly listed, Africa/Australia-focused lithium pure-play at a similar stage of development.
- Sigma Lithium: TSX/NASDAQ-listed hard-rock lithium producer. Comparable to Prospect Resources as a publicly listed, single-commodity (lithium) pure-play with similar resource-to-development profile.
- Bikita Minerals: Zimbabwe-based hard-rock lithium miner (owned by Sinomine). Closest operational peer to Prospect Resources given shared Zimbabwe lithium belt exposure and similar target commodity.
- Premier African Minerals: AIM-listed Africa-focused battery and base minerals developer with flagship lithium and tantalum assets in Zimbabwe. Directly comparable to Prospect Resources given shared geography, commodity focus (lithium), and small-cap public-market profile.
Broad incumbents
- Pilbara Minerals: ASX 200-listed major lithium hard-rock producer operating the Pilgangoora mine in Western Australia. Comparable as a public-market Australian lithium incumbent though significantly larger and at production scale versus PSC's earlier stage.
- Liontown Resources: ASX-listed lithium developer advancing the Kathleen Valley project. Comparable to Prospect Resources as a public-market Australian lithium developer, though at a more advanced development stage.
- Vulcan Energy Resources: ASX/Frankfurt-listed lithium developer using geothermal brine in Germany. Comparable to Prospect Resources as a publicly listed lithium pure-play with a single flagship asset.
Emerging players
- Galileo Resources: AIM-listed exploration company with battery and base-metals interests in Zambia and Zimbabwe. Comparable to Prospect Resources as a small-cap Africa-focused minerals explorer with southern-African exposure.
- Kavango Resources: London-listed exploration company focused on metals projects in Botswana. Comparable to Prospect Resources as a small-cap Africa-focused minerals explorer pursuing battery-relevant commodities.
- Cobre Limited: ASX-listed explorer with copper and battery-metals assets in the Kalahari Copper Belt (Botswana). Comparable to Prospect Resources as a small-cap Africa-focused battery-metals explorer.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat3 records
Key risks4 records
Key highlights5 records
Customer concentration
Prospect Resources social profiles
Digital presenceProspect Resources financial estimates
Financial estimateRevenue estimate
Valuation estimate
Prospect Resources leadership team
Management profileNumber of profiles
Profiles5 records
Prospect Resources funding detail
Funding detailFunding overview
Funding rounds3 records
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Prospect Resources M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Prospect Resources
What does Prospect Resources do?
Prospect Resources is an Africa-focused battery minerals company engaged in the exploration, development, and extraction of critical mineral resources, primarily lithium and historically gold, copper, lead, zinc, and silver. The company holds mining leases — including a 50-year exclusive gold ore mining lease in Katni district, Madhya Pradesh, India — and is positioned to supply battery-grade mineral feedstock to the global lithium-ion battery value chain. The company's primary operations centre on hard-rock lithium projects in Africa, with ancillary gold ore extraction activities under government-issued mining tenures.
When was Prospect Resources founded?
Prospect Resources was founded in 2007. It employs 11 to 50 people.
Where is Prospect Resources based?
Prospect Resources is headquartered in Subiaco, Australia, in the Oceania region.
How does Prospect Resources make money?
One revenue line is on record: gold Ore Mining Operations.
Who are Prospect Resources's main competitors?
Direct peers on record are Sayona Mining, Sigma Lithium, Bikita Minerals and Premier African Minerals. Broad incumbents are Pilbara Minerals, Liontown Resources and Vulcan Energy Resources. Emerging players are Galileo Resources, Kavango Resources and Cobre Limited.
Does Prospect Resources have an API?
No public API is recorded for Prospect Resources.
What industry is Prospect Resources in?
Prospect Resources's product category is Battery Minerals Mining. Its primary akta.pro industry code is IMAKAFAL, Exploration & Resource Development (Critical Minerals), with a secondary code of IMAKAKAA, Mineral Exploration & Geoscience Services (Geology, Geophysics, Geochemistry, Resource Modeling). Its NAICS code is 21229 and its SIC code is 1090.