The latest announcement is out from PhosCo Ltd ( (AU:PHO) ).
PhosCo Ltd has announced significant developments in its Gasaat and Sekarna Phosphate Projects in Tunisia. The company is undertaking diamond drilling to explore new prospects at Gasaat and has commenced mapping and trenching at Sekarna to define a scout drilling program. With new exploration targets identified, PhosCo aims to expand its existing mineral resource estimates and enhance project economics. The company has secured funding to fast-track these activities and anticipates providing regular updates on its progress. These efforts are part of PhosCo’s strategy to increase production rates and strengthen its position in the global fertilizer market.
More about PhosCo Ltd
PhosCo Ltd is a company operating in the phosphate industry, focusing on exploration and development of phosphate resources. Its primary projects are the Gasaat and Sekarna Phosphate Projects in Tunisia, with a market focus on becoming a globally significant fertilizer supplier.
YTD Price Performance: 8.33%
Average Trading Volume: 91,598
Technical Sentiment Consensus Rating: Sell
Current Market Cap: A$25.14M
For an in-depth examination of PHO stock, go to TipRanks’ Stock Analysis page.