PhosCo’s Gasaat Project Nears Maiden Resource with Stellar Phosphate Assays
PhosCo Ltd has reported outstanding final assay results from its Gasaat Phosphate Project in Tunisia, setting the stage for maiden resource estimates at the KM and SAB prospects. These high-grade intercepts promise to enhance early project economics and underpin an optimised scoping study.
- Exceptional phosphate grades and thick mineralisation at KM and SAB prospects
- Maiden Mineral Resource Estimates for KM and SAB expected this quarter
- Low strip ratios and proximity to proposed plant enhance project economics
- Preliminary metallurgical testing underway to optimise processing
- Resource update to inform combined scoping study and mine planning
Outstanding Assay Results Boost Confidence
PhosCo Ltd has unveiled a fresh tranche of impressive assay results from its wholly owned Gasaat Phosphate Project in Tunisia, focusing on the KM and SAB prospects. The final assays from six drill holes at SAB and five trenches at KM reveal thick phosphate intervals with high-grade phosphate (P2O5) content, some exceeding 26%, which is considered excellent in phosphate mining.
These results not only confirm the continuity and quality of mineralisation but also clear the path for the company to deliver maiden Mineral Resource Estimates (MRE) for both prospects within the current quarter. The high-grade, thick mineralisation combined with low strip ratios and close proximity to the planned processing plant are expected to significantly improve the upfront economics of the Gasaat project.
Strategic Importance of KM and SAB Prospects
The KM prospect, divided into eastern and western lobes, has shown particularly thick phosphate layers, with trenching results indicating true thicknesses up to 45 metres at grades around 19-20% P2O5. Meanwhile, SAB drilling has returned intercepts such as 22.4 metres at 21.6% P2O5, including internal zones of even higher grade. These findings suggest both prospects could be prioritised in the mine plan, especially given SAB’s shallow mineralisation.
PhosCo’s Managing Director, Taz Aldaoud, highlighted the momentum building at Gasaat, noting the project’s potential to deliver strong economic returns early in production. He also pointed to the growing Western demand for phosphate sourced from politically stable and reliable countries like Tunisia, positioning PhosCo favourably in the global phosphate market.
Next Steps and Project Outlook
With all drilling and trenching results now in hand, PhosCo is advancing resource modelling and preliminary metallurgical testing to identify optimal processing routes. The forthcoming maiden resource estimates for KM and SAB will be combined into a single update, which will feed into an optimised scoping study currently underway.
The company is also focusing on expanding the resource base and prioritising low-strip ratio zones to enhance early-stage project economics. This approach aims to maximise value and support effective mine planning as the Gasaat project moves closer to development.
Overall, the latest results reinforce Gasaat’s status as a significant phosphate asset with the potential to meet increasing global demand, particularly from Western markets seeking secure supply chains.
Bottom Line?
PhosCo’s imminent maiden resource estimates at Gasaat could be a pivotal catalyst as the project advances toward development.
Questions in the middle?
- What will the final maiden Mineral Resource Estimates reveal about the total size and grade of KM and SAB?
- How will preliminary metallurgical testing influence the processing strategy and project costs?
- What timeline is PhosCo targeting for project development following the scoping study update?
