ASX:PHO

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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

Asia20d ago

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