PhosCo Ltd ( (AU:PHO) ) has issued an update.
PhosCo Limited has made significant progress at its Gasaat Phosphate Project in Tunisia, with the completion of access roads and the mobilization of drilling equipment. The company anticipates that upcoming drilling will expand its phosphate inventory and production capacity, supporting a future Bankable Feasibility Study. Additionally, PhosCo is enhancing its operational infrastructure with a new warehouse and office, and strengthening its team with experienced staff. These developments are part of PhosCo’s strategy to increase its market presence and value as a major player in the global fertilizer industry.
More about PhosCo Ltd
PhosCo Limited is a company operating in the phosphate industry, focusing on the exploration and development of phosphate projects. Its primary project is the Gasaat Phosphate Project in Tunisia, where it aims to become a significant global producer of fertilizers.
YTD Price Performance: -28.12%
Average Trading Volume: 120,190
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$17.79M
See more data about PHO stock on TipRanks’ Stock Analysis page.