2015ASX Announcements

Aguia Signs Option to Expand Phosphate Land Position in Southern Brazil

By December 9, 2015November 4th, 2020No Comments

Highlights

  • Option secured over highly prospective phosphate tenement of approx 4,500 HA immediately adjacent to Três Estradas deposit
  • Expands Aguia’s exploration footprint at Três Estradas by ~30%
  • Aguia has conducted initial due diligence and some sampling of project area
  • Encouraging phosphate grades from initial sampling – grades up to 12.42% P2O5
  • Modest option payments with future royalty payable upon production
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