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Aguia Resources Ltd.
Summary
| Project: | Tres Estradas | |
|---|---|---|
| Deposit: | Tres Estradas | |
| Location: | Brazil | |
| Commodities: | Phosphate | |
| Date: | 2/12/2020 | |
| Report Code: | JORC | |
| Report Type: | Scoping Study | |
| Project Stage: | Pursuing Environmental Approval | |
| Report details: | 12-2-2020: Aguia Resources Ltd. announces a Scoping Study report for its Tres Estradas deposit at the Tres Estradas project. Scoping study results incl. post-tax NPV (8%) of A$69.3M, IRR of 51%. Sydney, Australia, - Aguia Resources Limited ABN 94 128 256 | |
| Resources: | ||
| CP/QP: | [Overall Report]: Guilherme Gomides (GE21 Consultoria Mineral) | |
| ABSTRACT: | Sydney, Australia, - Aguia Resources Limited ABN 94 128 256 888 (ASX:AGR) (Aguia or the Company) has today released the attached announcement. Please see overleaf. Aguia Resources Limited (ASX:AGR) (“Aguia or ‘the Company’) is pleased to report the completion of the independent Scoping Study (the "Study") for its Três Estradas Phosphate Project with the study confirming the project’s excellent economics, very low Capital Expenditure (CAPEX) and fast pay‐back. The Scoping Study is based on the environmentally friendly Direct Application Natural Fertilizer (DANF) production process, highlighting the positive economics of the project and the simple low cost mining and processing required to support the production during the its first phase. The Study was conducted by independent consulting firm GE21 Consultoria Mineral Ltda (GE21) in Brazil and includes pit optimization and design, mine scheduling, capital expenditure (CAPEX), operational expenditure (OPEX) estimates and an economic analysis based on a Mineral Resource of 5.1Mt at 8.79% P2O5, which represents the oxidized portion (Saprolite) of the Três Estradas Phosphate Deposit | |
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