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5 stories mentioning ASX:PHOUpdated just now

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Asia

PhosCo Says US State Department Publishes Notice of Funding Opportunity for Tunisia Phosphate Project, Shares Jump 25%

PhosCo (ASX:PHO) said the US Department of State, through the Bureau of Near Eastern Affairs and the US Embassy in Tunis, published a Notice of Funding Opportunity regarding its Gasaat phosphate project in Tunisia, identifying the firm as the target recipient for private equity investment, commercial partnerships, and engineering expertise, according to a Monday Australian bourse filing.Up to $1.5 million in grant/cooperative agreement funding will be available to a successful applicant, and the program is contemplating up to two awards. Applications close on Sept. 2, with an anticipated project start date of Oct. 1.Its shares jumped 25% in recent trading on Monday.

ASX:PHO
Asia

PhosCo Launches Maiden Drilling Program at Tunisia Prospect

PhosCo (ASX:PHO) started a four-to-six hole maiden drilling program at the King's Eye prospect within its Simitu project in northern Tunisia, according to a Monday filing with the Australian bourse.The diamond drilling program will initially test outcropping copper, antimony, and silver veins. If it is successful, the company will drill additional holes to confirm the tenor over the full 600-meter-wide copper mineralized corridor.

ASX:PHO
Asia

PhosCo Receives Over AU$1 Million Under EBRD Grant

PhosCo (ASX:PHO) received a AU$1.1 million first installment from the European Bank for Reconstruction and Development (EBRD) as it advances its Gasaat phosphate project in Tunisia toward development milestones, according to a Friday Australian bourse filing.A further AU$600,000 is scheduled to be received during the year under PhosCo's EBRD grant award, subject to meeting certain pre-agreed milestones, the filing said.The release of the updated scoping study in the September quarter will activate a further AU$7.5 million equity investment from EBRD to fund the Gasaat feasibility study upon exercise of their options.The company also received early exercise notices from some of its shareholders, resulting in the conversion of 11.2 million options and the receipt of around AU$600,000 in additional funding over May and June.

ASX:PHO
Asia

PhosCo Identifies Phosphate Mineralization at DOH Prospect Within Tunisia Project; Shares Up 3%

PhosCo (ASX:PHO) said it identified phosphate mineralization at the DOH prospect within its Gasaat project in Tunisia, according to a Wednesday Australian bourse filing.The results were up to 12.5 meters at over 20% phosphorus pentoxide from 93.3 meters, including 2.4 meters at over 23% phosphorus pentoxide from 95.3 meters and 3 meters at about 25% phosphorus pentoxide from 99.7 meters.The company said the phosphate horizon was intersected at an average thickness of 13 meters, extending over a strike length of 1.3 kilometers and a width of more than 600 meters, with the latest drilling also returning results from the KM deposit and the GS prospect.The company's shares rose almost 3% in recent Wednesday trade.

ASX:PHO
Asia

PhosCo Reports Metallurgical Results Show Commercial Grade Phosphate at Tunisia Phosphate Project

PhosCo (ASX:PHO) said first pass metallurgical test work results for the KM prospect within its Gasaat phosphate project in Tunisia show that a simple, single-stage flotation circuit produces commercial grade phosphate of up to 31.4% phosphorus pentoxide, according to a Tuesday Australian bourse filing.The company said the results mean three silica flotation steps can be eliminated, reducing technical risk, process complexity, and capital and operating costs.The company said saline Gasaat bore water can be used with minimal or zero cleaning, while concentrate grade is correlated to reagent dosage, opening the possibility of customizing reagent application to match concentrate specifications.The company's shares rose 1% in recent Tuesday trade.

ASX:PHO

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