PhosCo Accelerates Tunisian Phosphate Project as Market Tightens and EBRD Steps In

PhosCo Ltd ( (AU:PHO) ) has shared an update.

PhosCo has reported rapid progress at its Gasaat Phosphate Project, which already hosts a substantial JORC resource of 146.4Mt at 20.6% P2O5 and is being expanded through maiden resource calculations for the KM and SAB deposits. Strong drilling results from KM and SAB, combined with their favourable strip ratios and proximity to the proposed plant site, are expected to enhance project economics and feed into an updated Scoping Study targeted for completion in the second quarter of 2026, ahead of a planned feasibility study start later this year. The company’s advancement is underpinned by a €1m grant from the European Bank for Reconstruction and Development to optimise the Scoping Study and by additional funding from the Managing Director’s early exercise of options, while broader market dynamics — including phosphate’s addition to the US Critical Minerals List and tightening Chinese export policies — position Gasaat to benefit from structural supply constraints and policy support for secure fertiliser supply chains.

The most recent analyst rating on (AU:PHO) stock is a Hold with a A$0.14 price target. To see the full list of analyst forecasts on PhosCo Ltd stock, see the AU:PHO Stock Forecast page.

More about PhosCo Ltd

PhosCo Ltd is an ASX-listed phosphate developer focused on establishing the Gasaat Phosphate Project in Tunisia as a globally significant, low-cost fertiliser operation. The company is targeting international fertiliser markets, particularly those seeking secure phosphate supply amid tightening global availability and growing recognition of phosphate as a critical mineral in major economies including the US, Europe, the UK, India and China.

Average Trading Volume: 406,883

Technical Sentiment Signal: Buy

Current Market Cap: A$72.44M

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