PhosCo (ASX: $PHO) – Major Breakthrough at Gasaat Phosphate Project PhosCo has released a strong update from its 100%-owned Gasaat Project in Tunisia, with early drilling at the KM Prospect pointing to a fast-track development opportunity.

KM Prospect – A Potential Catalyst for Early Production

  • Thick, shallow phosphate intercepts: Up to 34.6m from 24m depth
  • Located beside the proposed plant site, reducing mining and haulage costs
  • Low-strip geometry supports rapid, low-cost production
  • Ongoing drilling underway with assays due this quarter
  • Management: KM could be a “game-changer” for early cash flow

GS Prospect

  • 15m phosphate hit at 160m depth
  • Linked to the nearby GK deposit, expanding exploration upside

SAB Prospect

  • Topographic survey complete
  • Maiden Mineral Resource Estimate expected this quarter

Sekarna Permit

  • PhosCo is working with authorities to secure access to key targets overlapping a proposed nature reserve

Gasaat is shaping up as a scalable, low-cost project with near-term development potential.

Link to the Announcement: Click Here