ENGINEERING TRADE-OFF STUDIES INDICATE A SIGNIFICANT REDUCTION IN CAPEX AND OPEX FOR AGUIA’S FLAGSHIP TRÊS ESTRADAS PHOSPHATE PROJECT

Highlights:

  • Highly experienced team of contractors engaged to develop the Bankable Feasibility Study of the Três Estradas Phosphate Project in Southern Brazil – now over 50% complete
  • Production scale has been optimised, maximising project value and establishing a seamless integration into the Southern Brazil phosphate market
  • First 4-5 years of production will focus on high grade oxide material of +10% P2O5 which minimises the need for crushing and flotation infrastructure at start-up
  • Both initiatives of Optimizing Production Scale and Mining high grade ore will likely substantially reduce initial CAPEX
  • Proposed use of locally produced coal rather than diesel for drying the phosrock is expected to reduce operating costs
  • Other trade off studies are ongoing and will be included in the final BFS which will reflect further material reductions in both CAPEX and OPEX once mine is operating