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An announcement from PhosCo Ltd ( (AU:PHO) ) is now available.
PhosCo Ltd has announced exceptional assay results from its maiden drilling program at the KM prospect within the Gasaat Phosphate Project in Tunisia. The results indicate consistently thick, high-grade phosphate mineralization, with some of the highest grades ever reported in Tunisia. These findings, coupled with a low strip ratio and proximity to the proposed plant site, suggest strong economic potential and the possibility of early development. The company plans to conduct preliminary metallurgical testing to optimize processing and is on track to update resources at the nearby SAB prospect. This discovery is expected to significantly enhance the project’s economics and could accelerate the production timeline.
More about PhosCo Ltd
PhosCo Ltd is a company operating in the mining industry, focusing on the exploration and development of phosphate projects. The company is primarily involved in the Gasaat Phosphate Project in Tunisia, aiming to enhance its market position through strategic resource growth and development.
Average Trading Volume: 222,617
Technical Sentiment Signal: Buy
Current Market Cap: A$30.24M
For detailed information about PHO stock, go to TipRanks’ Stock Analysis page.