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PhosCo Ltd (ASX:PHO)

ALERT: Price-sensitive ASX Announcement for PHO
Current share price for PHO : $0.165 0.035 (26.92%)+
Announcement
Release
30 Jul 2026 8:54AM
Price at Release
$0.130
Full Release
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Summary
PhosCo Ltd's June 2026 Quarterly Activities and Cashflow Report highlights significant progress in the Gasaat Phosphate Project, including new discoveries and metallurgical breakthroughs. The Gasaat project, located in Tunisia, has seen its resources grow to 166.6Mt at 20.6% P2O5, with new discoveries at the KH and DOH prospects. The company has announced a maiden resource estimate for the KM and SAB deposits, enhancing the project's scale and potential mine life. PhosCo has also demonstrated a single-stage flotation process for producing commercial-grade phosphate, improving processing economics. The company is financially positioned with A$5.9 million in cash and continued support from the European Bank for Reconstruction and Development (EBRD). The release of an updated Scoping Study next quarter is expected to activate further investment from the EBRD.
Key Points
  • Gasaat Phosphate Project resources increased to 166.6Mt at 20.6% P2O5.
  • New discoveries at KH and DOH prospects.
  • Maiden resource estimate for KM and SAB deposits announced.
  • Single-stage flotation process for commercial-grade phosphate.
  • Financially positioned with A$5.9 million in cash and EBRD support.
  • Updated Scoping Study to be released next quarter.
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.