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PhosCo Ltd (ASX:PHO)

ALERT: Price-sensitive ASX Announcement for PHO
Current share price for PHO : $0.135 0.051 (60.71%)+
Announcement
Release
31 Oct 2025 9:42AM
Price at Release
$0.084
Full Release
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Summary
The September 2025 Quarterly Activities and Cashflow Report for PhosCo Ltd highlights the company's ongoing development of the Gasaat Phosphate Project in Tunisia, aiming to establish itself as a leading, low-cost producer of fertilizers. The project has a significant JORC Resource of 146.4 million tonnes at 20.6% P2O5, with PhosCo working towards optimizing the project's economics and preparing for a Bankable Feasibility Study in the upcoming year. The company maintained a cash balance of approximately A$2.4 million at the end of the quarter, supported by a €1 million grant from EBRD and additional investment from its Managing Director. The report also notes the termination of ICC arbitration with Tunisian Mining Services regarding the Chaketma Phosphates project, further solidifying PhosCo's position in the region.
Key Points
  • PhosCo advances Gasaat Phosphate Project towards low-cost fertilizer production.
  • Significant JORC Resource of 146.4Mt at 20.6% P2O5 supports long-term project.
  • Cash balance of approximately A$2.4M at quarter end bolstered by EBRD grant.
  • Termination of ICC arbitration with TMS enhances project security.
  • Bankable Feasibility Study for Gasaat set to commence early next year.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.