PhosCo Reports New Phosphate Discoveries And Premium-Grade Test Results
Closing price · 2026-10-27: $0.140 · -6.67%
PhosCo says drilling expanded its DOH discovery and identified a new discovery at Sekarna North, while maiden drilling at KH confirmed thick phosphate near the proposed plant site. Metallurgical tests produced concentrate grading up to 34% phosphate, above the commonly traded grade cited in the announcement, and an updated Scoping Study is expected imminently. The company reported A$3.8 million in cash and A$0.6 million in undrawn grant funding, with further funding from STUDI and EBRD expected subject to stated conditions.