December 2014 Quarterly Report
Aguia Resources Limited (ASX: AGR) (“Aguia” or “Company”) is pleased to present its December 2014 quarterly activities report.
Milestones and Key Events
During the December 2014 quarter milestones and key events included:
- Diamond and reverse circulation drilling at Três Estradas South has intersected excellent widths and grades of phosphate mineralisation or up to 53.94 meters grading 5.27% P2O5, confirming the potential of the strike extension of the current Três Estradas resource – initial results were announced after the end of the quarter
- Excellent ongoing exploration results over the grassroots high grade phosphorite mineralisation discovery at the Cerro Preto target within the Rio Grande Project, including trench intersections of up to 55 meters grading 6.99% P2O5,
- Placement of A$2 million at $0.05/share to fund ongoing work over the Rio Grande Project
- 1 for 10 non-renounceable rights issue at $0.04 to raise approximately $1.016m announced subsequent to the end of the quarter – funds will be largely used for further work at Três Estradas South and initial reverse circulation and diamond drilling at Joca Tavares