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PhosCo Ltd ( (AU:PHO) ) has issued an announcement.
PhosCo has reported final assay results from a 10-hole drill program at the KM prospect within its wholly owned Gasaat Phosphate Project in Tunisia, confirming broad zones of thick, high-grade phosphate mineralisation with low anticipated stripping ratios close to the proposed processing plant. The strong results, together with imminent trenching assays at KM and a maiden resource estimate at the nearby SAB prospect, are expected to underpin maiden Mineral Resource estimates for both prospects this quarter and feed into an optimised scoping study, with ongoing metallurgical and infrastructure work positioning Gasaat as a potentially more robust, high-margin phosphate project amid rising strategic importance of phosphate in global food security.
The most recent analyst rating on (AU:PHO) stock is a Hold with a A$0.14 price target. To see the full list of analyst forecasts on PhosCo Ltd stock, see the AU:PHO Stock Forecast page.
More about PhosCo Ltd
PhosCo Ltd (ASX: PHO) is an Australian-listed resources company focused on the exploration and development of phosphate deposits, with its flagship Gasaat Phosphate Project located in Tunisia. The company targets high-grade phosphate resources to supply the global fertiliser market at a time when phosphate is increasingly regarded as a critical mineral linked to food security.
Average Trading Volume: 382,114
Technical Sentiment Signal: Buy
Current Market Cap: A$72.44M
For a thorough assessment of PHO stock, go to TipRanks’ Stock Analysis page.