DECEMBER 2016 QUARTERLY ACTIVITIES REPORT

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

Highlights:

  • Key project development milestone with EIA submitted for flagship Três Estradas phosphate project and passing first round of review
  • Millcreek Mining Group selected to oversee Três Estradas Bankable Feasibility Study, supported by local Brazilian engineering firm that has participated in construction of every phosphate mine operating in Brazil
  • Três Estradas infill drilling program 70% complete with results confirming grades and thickness of mineralisation
  • Pilot Plant test work for BFS now commencing at Eriez Flotation Division in Pennsylvania
  • Aguia completes $8.5 million placement to fund BFS
  • Aguia appoints Jan-Per Hole as Vice President Corporate Development Australia