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PhosCo Ltd ( (AU:PHO) ) has issued an update.
PhosCo Ltd has announced the formal granting of the Sekarna phosphate exploration permit in Tunisia, marking the first time the Tunisian Government has fully granted such a permit to a foreign investor. This development follows the recent approval of the Gassaat project and a significant Memorandum of Understanding with the Tunisian Government and the European Bank for Reconstruction and Development. These milestones underscore PhosCo’s expanding presence in Tunisia’s mineral sector, showcasing the trust placed in the company and highlighting its commitment to responsible resource exploration. The Sekarna permit, covering an area of 128 km², is a key component of PhosCo’s strategic efforts to capitalize on the phosphate deposits in the region, potentially creating significant value for stakeholders, including investors and the local economy.
More about PhosCo Ltd
PhosCo Ltd is involved in the mining sector, focusing on phosphate exploration and development. The company is primarily engaged in developing projects in Tunisia, with a strong emphasis on the Sekarna and Gassaat projects.
YTD Price Performance: 0.0%
Average Trading Volume: 248,357
Technical Sentiment Consensus Rating: Sell
Current Market Cap: A$19.87M
For a thorough assessment of PHO stock, go to TipRanks’ Stock Analysis page.