Aguia Identifies Zone of Copper Mineralisation Within 9 Kilometre Target Area in Rio Grande do Sul, Southern Brazil

Highlights:

  • Aguia has staked 23 tenements, totalling 34,000 hectares, within the prolific Rio Grande Copper Belt
  • High grade copper mineralisation has been identified in outcrops grading up to 4.09% Cu at Aguia’s Canhada target
  • Mineralisation is hosted in a 100km belt with historical production from Iron Oxide Copper Gold (IOCG) deposits including a new Zn-Cu project being permitted by Nexa Resources (formerly Votorantim)
  • 12 gossanous outcrops (assays pending) representing weathered sulphide zones have been identified at Aguia’s Big Ranch target
  • Soil sampling underway with ground geophysics and scout drilling to follow
  • Copper projects provide potential growth and value creation for Aguia shareholders
  • AGR’s primary focus remains on the development of its phosphate assets with BFS on track for release in March