Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
PhosCo Ltd ( (AU:PHO) ) has provided an update.
PhosCo has reported further strong drilling results from the KM prospect at its Gasaat Phosphate Project in Tunisia, with three recent holes intersecting thick, shallow phosphate zones verified by portable XRF. These intercepts, together with earlier high-grade results, demonstrate notable continuity of mineralisation and suggest KM could offer favourable economics due to its proximity to the proposed plant and low strip ratios.
The company expects maiden mineral resource estimates for the KM and SAB prospects this month, which will inform an optimised scoping study for Gasaat and support ongoing mine-planning work. With the drill rig now redeployed to the recently discovered DOH prospect of significant scale, PhosCo is positioning Gasaat as a potentially major fertiliser project that can add supply diversity at a time of tight global phosphate markets.
The most recent analyst rating on (AU:PHO) stock is a Hold with a A$0.13 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 exploration and development company focused on advancing its wholly owned Gasaat Phosphate Project in Tunisia. The project is strategically located on the Mediterranean Sea, positioning the company to supply global phosphate fertiliser markets and benefit from growing concerns over supply-chain security and diversification.
Average Trading Volume: 202,867
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$70.82M
Learn more about PHO stock on TipRanks’ Stock Analysis page.