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The latest announcement is out from PhosCo Ltd ( (AU:PHO) ).
PhosCo Ltd has announced significant drilling results from its KM Prospect within the Gasaat Phosphate Project in Tunisia, highlighting a thick phosphate mineralization that promises to enhance the project’s development economics. The favorable location of the KM Prospect, near the proposed plant site, combined with the low-strip ratio and thick mineralization, suggests potential for accelerated production start-up and reduced mining and haulage costs, thereby optimizing the project’s overall economics.
More about PhosCo Ltd
PhosCo Ltd is a company operating in the mining industry, focusing on the exploration and development of phosphate projects. Its primary project is the Gasaat Phosphate Project in Tunisia, which is wholly owned by the company.
Average Trading Volume: 202,307
Technical Sentiment Signal: Buy
Current Market Cap: A$26.3M
Find detailed analytics on PHO stock on TipRanks’ Stock Analysis page.