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PhosCo Secures Gasaat Project, Launches $5M Raise, Eyes $5M EBRD Investment

6:09am on Monday 2nd of June, 2025 AEST Mining
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PhosCo Secures Gasaat Project, Launches $5M Raise, Eyes $5M EBRD Investment

6:09am on Monday 2nd of June, 2025 AEST
Key Points
  • PhosCo gains 100% ownership of Gasaat Phosphate Project with 146.4Mt JORC resource
  • New exploration targets defined at Gasaat and Sekarna with drilling imminent
  • Fully underwritten A$5 million entitlement offer launched, supported by directors and Lion Selection Group
  • Mandate Letter signed with EBRD for potential US$5 million strategic investment
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