Aguia Resources Secures Funding for Tres Estradas Phosphate Project

Aguia Resources Limited ( (AU:AGR) ) has provided an update.

Aguia Resources Limited has secured a bank loan agreement with the Regional Development Bank of the Far South to fund the development of its Tres Estradas phosphate mine in Brazil. The loan will cover 90% of the capital expenditure needed for refurbishing the processing plant and opening the mine. The project is expected to produce over 160,000 tonnes of phosphate annually, with significant profit margins due to high market prices. The company has also signed letters of intent with customers for future sales and plans to double plant capacity in the coming years.

More about Aguia Resources Limited

Aguia Resources Limited is a company focused on the development of phosphate projects in Brazil, primarily through its 100%-owned Tres Estradas Rock Phosphate Project. The company is engaged in the production and sale of phosphate products, with a market focus on agricultural fertilizers.

Average Trading Volume: 2,310,880

Technical Sentiment Signal: Sell

Current Market Cap: A$32.87M

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