PhosCo's Quarterly Activities & Cashflow Report for Quarter Ending 31 March 2024

PhosCo Ltd (ASX: $PHO) has released its Quarterly Activities & Cashflow Report for the quarter ending 31 March 2024. The company is focused on assembling a district-scale phosphate portfolio in Tunisia's Northern Phosphate Basin to support a potential world-class fertilizer hub. Key highlights include meaningful engagement with the Tunisian government, ongoing application processes for exploration permits, and the grant of the Ras Ghzir lead-zinc permit.

Executive Commentary on PhosCo's Activities

PhosCo is committed to the development of the Chaketma Phosphate Project and is actively engaging with the Tunisian government to secure necessary permits. The company is also focused on cost-saving measures to preserve cash while awaiting the resolution of the Chaketma exploration permit and the pending grant of the Sekarna exploration permit. We are optimistic about the potential of our phosphate projects and are looking forward to the upcoming activities in the June 2024 quarter, including the consideration of our application for the Sekarna Phosphate Project by Tunisia's Consultative Committee of Mines.

Summary of PhosCo's Quarterly Report

PhosCo's Quarterly Activities & Cashflow Report highlights the company's efforts in assembling a district-scale phosphate portfolio in Tunisia's Northern Phosphate Basin. The company continues to engage with the Tunisian government for necessary permits and is implementing cost-saving measures to preserve cash. The report also outlines the planned activities for the June 2024 quarter, including the consideration of the Sekarna Phosphate Project application and the planning for the Chaketma Phosphate Project bankable feasibility study. PhosCo remains focused on its corporate strategy and the development of its phosphate projects, aiming to create a regional scale phosphate hub and deliver long-term value to its stakeholders.