PhosCo Confirms Large-Scale Phosphate Discovery at Gasaat’s DOH Prospect in Tunisia

The latest update is out from PhosCo Ltd ( (AU:PHO) ).

PhosCo has reported new drilling results from the DOH prospect within its wholly owned Gasaat Phosphate Project in Tunisia, confirming a significant new area of phosphate mineralisation. Eight widely spaced drill holes intersected a phosphate horizon averaging 13 metres in thickness over a strike length of about 1,300 metres and a width exceeding 600 metres, with portable XRF readings indicating grades broadly consistent with earlier results.

These intersections reinforce the previously outlined exploration target for DOH and support the broader resource growth potential at Gasaat, which already hosts a substantial phosphate resource. PhosCo plans to assess a maiden resource for DOH once assays are received, while slightly delaying maiden resource estimates for the nearby KM and SAB prospects to incorporate additional drilling that will feed into an optimised Scoping Study and potentially extend Gasaat’s mine life and strategic relevance in global fertiliser supply chains.

The most recent analyst rating on (AU:PHO) stock is a Sell with a A$0.10 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 resources company focused on phosphate exploration and development, with its flagship Gasaat Phosphate Project located in Tunisia on the Mediterranean Sea. The company aims to supply the global fertiliser market, positioning Gasaat as a strategically located source of phosphate that can diversify supply away from traditional, more concentrated producing regions.

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Current Market Cap: A$55.08M

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