PhosCo Ltd (ASX:PHO) has a 50.99% interest in the Chaketma Phosphate Project, a potential large-scale, world-class phosphate development asset containing a JORC compliant Resource of 148Mt @ 20.6% P₂O₅. The resource is defined from drilling at only two of the project’s six prospects. A significant amount of drilling and technical work has been completed since this Resource was defined and a Mineral Resource Upgrade is imminent at the GK prospect, followed by a Scoping Study which is due shortly. The updated Scoping Study will also determine the work required to complete a BFS for Chaketma which is expected to be completed over the following 12-month period.

Chaketma is located in Tunisia, the northern most country of Africa, making it close to key export markets with Europe right on its doorstep. The capital of Tunis is 210km away by sealed road and the nearest railhead is just 35km away offering a connection to two ports. Gas and power are nearby, and various research organisations have been engaged to consider wind, solar and treatment routes as a part of the company’s ESG strategy. PhosCo’s ultimate aim is to employ local people and attract international funding to produce sustainable fertilizer by reducing water consumption, using zero coal, and producing zero phosphogypsum as a waste product.

Lead by a management team with vast experience in advancing & backing resource projects globally, PhosCo is well positioned to capitalise on the soaring demand for rock phosphate. Tightening market conditions in the last 12 months have propelled the price of rock phosphate from US$80/t last year to over US$320/t today. These record prices combined with positive early engagement with both the Tunisian Government and investment banks, provide an exciting backdrop for PhosCo as its development plans gain momentum in country.

KEY PEOPLE

  • Robin Widdup | Chairman

    Robin has over 40 years of mining industry and equity market experience. He is the founder and director of Lion Selection Group Limited, one of PhosCo’s largest shareholders. Robin has been involved as a director and with Lion in multiple mine developments around Africa, Asia and Australia over the last 25 years.

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  • Jan Jansen | Project Director

    Mr Jansen has over 30 years’ technical & operational experience. He has led several successful mining operations in Africa, working for a number of well-established companies including De Beers, Tasiast, and Maaden Phosphate Co where he was General Manager of the Al-Jalamid Phosphate Mine.

    He holds a Bachelor of Engineering in Mining Engineering from the University of Pretoria, South Africa and is a member of the Australian Institute of Company Directors.

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  • Donald Thomson | Country Manager

    Donald is a geologist with 35 years experience, 20 of them in senior management roles for Newcrest, Johnsons Well Mining, and Legend Mining. In 2011-2012, he worked as Exploration Manager for PhosCo and was instrumental in the initial drill program which highlighted the potential of Chaketma.

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