Patersons Initiates coverage on Aguia July 15, 2016

AGUIA RESOURCES LIMITED

Research Note

REVISED P.E.A. SOLIDIFIES DIRECTION FOR PHOSPHATE DEVELOPER

Investment Highlights

  • Aguia Resources (AGR) is developing its 74.7Mt phosphate (P2O5) resource ‘Tres Estrada’ in Brazil’s south, and has just released a new Preliminary Economic Assessment (PEA) that offers vastly superior metrics to the one undertaken by the Company only a year ago. AGR’s project location is a point of difference, as the Company focuses on the necessary steps leading to production. Brazil, as a whole, currently imports approximately 65% of its phosphate requirements; while in the Rio Grande do Sul area, where Tres Estrada is situated, 100% is imported.