2018ASX Announcements

AGUIA EVALUATING OPTIONS TO UNLOCK VALUE OF RIO GRANDE COPPER ASSETS

By November 29, 2018November 4th, 2020No Comments

Highlights:

  • Assessing all options to realise the potential value of Big Ranch and Canhada Prospects including funding inside Aguia, joint venture/strategic partner or spinning out into a new listing
  • Diamond drill program at Big Ranch targeted for completion by end of year with drilling at Canhada scheduled to commence in Q1 2019
  • Mineralisation hosted in a 100km long x 60km wide belt with historical production from Iron Oxide Copper Gold deposits
  • Good mining jurisdiction with excellent infrastructure, mining service providers and skilled manpower in place
  • Copper market forecast to be undersupplied while demand for copper from electric vehicle sector is growing
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