AGUIA RESOURCES LIMITED
Research Note
REVISED P.E.A. SOLIDIFIES DIRECTION FOR PHOSPHATE DEVELOPER
Investment Highlights
- Aguia Resources (AGR) is developing its 74.7Mt phosphate (P2O5) resource ‘Tres Estrada’ in Brazil’s south, and has just released a new Preliminary Economic Assessment (PEA) that offers vastly superior metrics to the one undertaken by the Company only a year ago. AGR’s project location is a point of difference, as the Company focuses on the necessary steps leading to production. Brazil, as a whole, currently imports approximately 65% of its phosphate requirements; while in the Rio Grande do Sul area, where Tres Estrada is situated, 100% is imported.
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