PhosCo Hits High-Grade Copper and Zinc at Tunisian Simitu Project

PhosCo Ltd ( (AU:PHO) ) has issued an announcement.

PhosCo has reported high-grade copper, antimony, silver, zinc and lead assays from rock chip sampling at the King’s Eye prospect within its 100% owned Simitu project in northern Tunisia. Selective samples from historical workings returned copper grades up to 21.2%, silver up to 100 grams per tonne, significant antimony values, and zinc assays exceeding the upper detection limit in several cases.

The company has identified two distinct mineralisation styles, sulphide copper–antimony–arsenic–silver and oxide zinc–lead, and ground geophysical surveys have mapped historical underground workings while indicating possible depth extensions to the sulphide system. Management says the scale of the 30 km mineralised corridor and the strength of initial results justify immediate follow-up work, positioning Simitu as a potential second growth pillar alongside Gasaat and enhancing PhosCo’s exposure to highly sought-after metals in Tunisia.

More about PhosCo Ltd

PhosCo Ltd is an ASX-listed exploration and development company focused on phosphate and base metals, with a flagship Gasaat phosphate project and early-stage assets in Tunisia. The company is leveraging a first-mover position in an underexplored northern Tunisian mineral corridor, targeting copper, antimony, silver, zinc and lead across multiple prospects within its wholly owned Simitu project.

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Technical Sentiment Signal: Buy

Current Market Cap: A$73.45M

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