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PhosCo Ltd ( (AU:PHO) ) has provided an update.
PhosCo reported strong progress at its Gasaat Phosphate Project in Tunisia, highlighting completion of resource drilling and trenching at the KM and SAB deposits, which show consistently thick, higher-grade mineralisation expected to enhance upfront project economics. The company is also incorporating these results into imminent maiden resource estimates, while metallurgical test work at KM seeks to simplify processing, and drilling at the DOH prospect has confirmed a large-scale discovery that reinforces Gasaat’s long-term growth potential.
In parallel, PhosCo has begun updating the Gasaat Scoping Study and is preparing a Mining Concession application ahead of starting a feasibility study later this year, supported by a solid funding position including recent capital raising and available grant funding. Management underscored that escalating global fertiliser supply disruptions linked to conflict in the Middle East and China’s suspension of phosphate fertiliser exports are elevating the strategic importance of secure phosphate supply, positioning Gasaat as a potentially critical new source for global markets.
More about PhosCo Ltd
PhosCo Ltd is a phosphate-focused fertiliser company advancing the Gasaat Phosphate Project in Tunisia, aiming to become a globally significant, low-cost producer. The project targets export markets that are increasingly concerned with supply chain security amid geopolitical tensions and trade disruptions affecting major fertiliser-producing regions.
Average Trading Volume: 254,433
Technical Sentiment Signal: Buy
Current Market Cap: A$73.45M
For an in-depth examination of PHO stock, go to TipRanks’ Overview page.