PhosCo Ltd (AU:PHO) has released an update.
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PhosCo Ltd is actively engaging with Tunisian officials to secure exploration permits for its promising Chaketma Phosphate Project, while also pursuing full ownership by contesting a legal decision. The company reported a cash position of A$0.9M and is implementing cost-saving strategies awaiting permit grants for Chaketma and other projects within its Northern Phosphate Basin portfolio, which could establish a significant fertilizer hub. Additionally, PhosCo recently received the Ras Ghzir lead-zinc permit, further expanding its mineral project portfolio.
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