Aguia Resources Limited (ASX: AGR) (“Aguia” or “Company”) is pleased to report on its activities for the December 2016 Quarter:
Highlights:
- Key project development milestone with EIA submitted for flagship Três Estradas phosphate project and passing first round of review
- Millcreek Mining Group selected to oversee Três Estradas Bankable Feasibility Study, supported by local Brazilian engineering firm that has participated in construction of every phosphate mine operating in Brazil
- Três Estradas infill drilling program 70% complete with results confirming grades and thickness of mineralisation
- Pilot Plant test work for BFS now commencing at Eriez Flotation Division in Pennsylvania
- Aguia completes $8.5 million placement to fund BFS
- Aguia appoints Jan-Per Hole as Vice President Corporate Development Australia
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