PhosCo Ltd (AU:PHO) has released an update.
PhosCo Ltd is advancing its Tunisian Northern Phosphate Basin projects, with field work started at the newly granted Ras Ghzir permit and anticipation for the grant of the Chaketma, Sekarna, and Amoud phosphate projects. The company has faced a setback with the refusal of a legal claim for the remaining 49% interest in Chaketma but continues to seek resolution and ownership consolidation. With a focus on cost savings and cash preservation, PhosCo has also strengthened its leadership team to enhance investor and government engagement.
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