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PhosCo Ltd ( (AU:PHO) ) has provided an announcement.
PhosCo Ltd has announced significant drilling results from its KM discovery within the Gasaat Phosphate Project in Tunisia, coinciding with phosphate’s addition to the US Critical Minerals List. The drilling has revealed thick, high-grade phosphate intersections, which are expected to enhance the project’s economics by providing a lower strip ratio and proximity to the proposed plant site. The company plans to release the maiden KM Resource in the new year and update its 2022 Scoping Study to incorporate these findings. The addition of phosphate to the US Critical Minerals List underscores its importance in global food security and supply chain stability, positioning PhosCo favorably in the market.
More about PhosCo Ltd
PhosCo Ltd is a company operating in the mining industry, focusing on the exploration and development of phosphate resources. Its primary project is the Gasaat Phosphate Project located in Tunisia, which aims to capitalize on the growing demand for phosphate, a critical mineral essential for agriculture and food security.
Average Trading Volume: 478,902
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$55.17M
For an in-depth examination of PHO stock, go to TipRanks’ Overview page.