Skip to main content
Annual Reports

June 2015 Quarterly Activities Report

By July 30, 2015No Comments

Aguia Resources Limited (ASX: AGR) (“Aguia” or “Company”) is pleased to report on its activities for the June 2015 Quarter:


  • Total JORC compliant Indicated and Inferred resources increased 130%, to 70.1 Mt (comprised of 15.2 Mt Indicated and 54.0 Mt Inferred) with an average grading of 4.20% P2O5 compared to 30.5 Mt (comprised of 9.9 Mt Indicated and 20.6 Mt Inferred) with an average grading of 4.30% P2O5 as previously announced in 2013
  • Higher grade oxide zone from surface more than doubled to 3.9 Mt averaging 10.25% P2O5 (comprised of 2.4 Mt at 9.98% P2O5 Indicated and 1.5 Mt at 10.69% P2O5 Inferred)
  • Drill program at Três Estradas South was completed and continued to intersect excellent widths and grades of phosphate mineralisation extending the strike length from 1.3 km to 2.5 km
  • Beneficiation test work at Três Estradas resulted 80% phosphate recovery from oxidized carbonatite and 65% from fresh carbonatite
  • Phosrock grading up to 39% P2O5 was produced from fresh carbonatite with no impurity issues
  • Tests demonstrate potential for production of commercial quality calcite concentrate byproduct
  • Strike length of Cerro Preto phosphate beds extended to over 12.5 km with widths between 50 and 200 metres
  • Rock samples collected at surface at Cerro Preto returned up to 20.8% P2O5
  • Recent exploration activity at Porteira – shallow auger drilling has intercepted a high-grade oxidised zone at surface with grading up to 18.5% P2O5


  • Shareholders vote overwhelmingly in favour of issuance of securities at EGM held 26 June 2015
  • Strategic investor Sulliden Mining Capital Limited (TSX:SMC) increased its holding in Aguia to 18.02%
  • The Company successfully completed a Shortfall Placement of $845,900 with an additional $790,000 through a follow-on share placement in April
  • Justin Reid appointed new Executive Chairman and Managing Director and Catherine Stretch appointed Chief Commercial Officer.

Planned for the September Quarter:

  • Scoping Study/Preliminary Economic Assessment by SRK Consulting for the Três Estradas deposit targeted for release during the Quarter
  • Ongoing assessment and development of phosphate Rio Grande assets at Joca Tavares, Porteira and Cerro Preto
Loader Loading...
EAD Logo Taking too long?
Reload Reload document
| Open Open in new tab