PhosCo Ltd announces Ras Ghzir Lead-Zinc Research Permit

PhosCo Ltd (ASX: $PHO) has announced the granting of the Ras Ghzir Lead-Zinc research permit, covering a 60km2 area with historic zinc and lead mines in Tunisia. The permit, originating from PhosCo's application in July 2022, signifies positive engagement with the Tunisian government and is a key element in PhosCo's Northern Phosphate Basin play.

Executive Commentary on Ras Ghzir Permit

The Ras Ghzir Lead-Zinc research permit is a significant milestone for PhosCo as it allows us to further explore and potentially develop the zinc-lead-barite mineralization in the area. We are also looking forward to the consideration of our application for the overlapping Sekarna Phosphate research permit by the Consultative Committee for Mine (CCM). This aligns with our strategic focus on expanding our presence and operations in Tunisia's mining sector.

Summary of Ras Ghzir Permit and Outlook

PhosCo's successful acquisition of the Ras Ghzir Lead-Zinc research permit marks a positive development in the company's efforts to expand its mining activities in Tunisia. The permit, covering a 60km2 area with historic zinc and lead mines, presents an opportunity for PhosCo to conduct further exploration and potentially tap into the zinc-lead-barite mineralization. Additionally, the pending consideration of the Sekarna Phosphate research permit underscores PhosCo's commitment to leveraging opportunities in the Northern Phosphate Basin. The company's focus on compiling historic data, conducting targeted mapping, and commencing field work demonstrates its proactive approach to driving future exploration and potential resource development. With a strong emphasis on low-cost, high-impact initiatives, PhosCo is poised to capitalize on the granted permit and pursue its corporate strategy in the region.