Aguia has an established and experienced in-country management team based in the capital Porto Alegre. Aguia’s corporate office is located in Sydney, Australia.
The State of Rio Grande do Sul is about the size of New Zealand and has a population of about 12 million people. It’s rich agricultural land spreads to the south where it borders Paraguay, Uruguay and Argentina, encompassing Aguia’s phosphate market potential.
Aguia’s phosphate and copper projects are both 100% owned by Aguia and carry no debt. Each project exhibits high quality, low production cost characteristics, and each project is considered to be lucrative. The projects are ideally located and within close proximity to road, rail and port infrastructure. They are also located in close proximity to each other.
Settlement negotiations are continuing in relation to the Public Civil Action (PCA) for our organic phosphate project. A construction permit has been granted. Construction will commence after resolution of the PCA and is expected to take about 12 months.
Aguia has secured 100% of known and valuable phosphate deposits in this rich agricultural region. This comprises a JORC Resource of approximately 105Mt of phosphate, of which the current project will only consume 5 million tonnes.
We have a further JORC Phosphate Resource nearby at Joca Tavares (JT). The JT Resource together with our 4 phosphate exploration targets cover about 141 sq km of phosphate tenements exhibiting similar geo-physical characteristics to the current project.
The company has issued its Copper Resource Statement. Environmental planning has commenced. We anticipate the copper mine will open during 2026.
In addition to the Copper Project, Aguia has 10 copper exploration targets and 1,550 sq km of copper tenements all located in close proximity in what we call the Rio Grande Copper Belt.
The company’s strategy is to commit some of the earnings from our lucrative phosphate mine towards the construction of the copper mine and further drilling.