MARCH 2016 QUARTERLY ACTIVITIES REPORT

Aguia Resources Limited (ASX: AGR) (“Aguia” or “Company”) is pleased to report on its activities for the March 2016 Quarter:
Operational Highlights:

  • Positive results from Três Estradas infill drill program expected to increase the current Indicated Resource (currently a JORC compliant 70.1 Mt comprised of 15.2 Mt Indicated & 54.9 Mt Inferred) for inclusion in the optimized PEA. Final calculations are expected shortly.
  • Maiden JORC compliant resource now being prepared for Joca Tavares for inclusion within the optimized PEA.
  • Utah based Millcreek Mining Group commissioned to lead optimisation studies for inclusion in the BFS