PhosCo Extends KM Discovery With Thick New Phosphate Intersections

PhosCo has reported another set of strong drilling results from the KM prospect at its fully owned Gasaat Phosphate Project, marking a major step forward as the company prepares to publish its maiden KM resource in the new year. These new intersections confirm both the thickness and the consistency of phosphate mineralisation across the KM zone, arriving at a time when phosphate has just been officially added to the United States Critical Minerals List. This development further elevates the strategic importance of Gasaat as PhosCo refines its project scale and positions KM as a central growth component.

The latest drilling campaign returned several notable intercepts, including 39 metres of phosphate from 10 metres depth at hole GADD 14, 37 metres from 41 metres depth at GADD 12 and 18 metres from 31 metres depth at GADD 13. Portable X ray fluorescence readings suggest that grades from these intersections are comparable to earlier KM results, reinforcing the continuity and quality of mineralisation across the area. KM is expected to significantly enhance project economics because of its lower strip ratio and its close proximity to the proposed processing plant site, factors that reduce mining and haulage costs and support higher operational efficiency.

Importantly, the new results outperform the existing Gasaat JORC Resource of 146 million tonnes at 20.6 percent P2O5, indicating that KM could materially expand the project’s future production profile. Managing Director Taz Aldaoud noted that drilling has not only extended the mineralised footprint but has also delineated thicker and higher grade zones with reduced overburden, making KM increasingly attractive as an early stage mining area. The forthcoming updated Scoping Study will incorporate both the maiden KM and SAB resources, with indications that KM is likely to serve as the project’s starter resource due to its favourable mining characteristics.

As PhosCo continues to demonstrate stronger grades, thicker intersections and improved mining conditions at KM, the Gasaat Phosphate Project is evolving into a more competitive and strategically relevant development. These advancements may enhance investor confidence, attract new strategic partnerships and help position North African phosphate supply as a key contributor to global fertiliser markets and the broader critical minerals sector.

Mini Glossary

• P2O5: Phosphorus pentoxide, the standard measure of phosphate grade in mineral deposits.
• Strip ratio: The amount of waste material that must be removed to access ore, a major cost driver in mining.
• pXRF: Portable X ray fluorescence, a tool used to obtain rapid, indicative geochemical readings during drilling.
• Scoping Study: An early economic assessment that outlines potential project viability and development pathways.