Australian-based PhosCo Ltd is making steady headway in the development of its flagship Gasaat Phosphate Project in Tunisia, with recent drilling campaigns yielding encouraging results and reinforcing the site’s resource potential.
According to a report by Tip Ranks, exploration at the KM prospect has revealed promising phosphate mineralization, setting the stage for additional drilling aimed at expanding the project’s already substantial JORC-compliant resource.
Backed by strong government and community support, PhosCo is positioning the Gasaat Project as a cost-competitive, world-scale source of phosphate, a critical input for the global fertilizer market.
The company, which has made phosphate its core focus, is targeting the establishment of a major, low-cost production base in Tunisia. With further exploration on the horizon, PhosCo aims to solidify its role as a key player in the international phosphate supply chain.
TunisianMonitorOnline
