Aguia study tips 150% leap in free cash flow for Brazilian phosphate
Aguia Resources Executive President Warwick Grigor said: “Tres Estrades Rock phosphate project provides a stable progress in reaching the first production in March-April next year.
The company is the owner of Tres Estrades, 320 kilometers from Rio Grande Do Sul, Porto Alegre in Brazil. It takes advantage of world -class infrastructure, including roads, railway and ports and is located in the agricultural heart of the region.
Aguia was recently locked with a credit of $ 4 million from the state’s South Development Bank in Brazil to renew the company’s rented processing facility and then start mining operations in Tres Estradas.
The 20 -year loan provides an estimated fund required to cover the first $ 118,000 capital expenditure required to start mining activities and to accelerate the facility to accelerate the first 100,000 TPA phosphate.
The company follows the processing process called Pampafos, which is the organic phosphate product at the beginning of next year. The last field trials showed that Pampafos showed the performance of the performance of upper shelf imported fertilizers in some of their prices.
After a renewal of $ 1.97 million and small capital expenditure on the mining site, local mining services company will be positioned in a way that will enter the Contasaker mining operations.
Contrasaper will undertake contract mining in the project and carry the phosphate to feed the processing facility in Cubapava Do Sul, one of the oldest municipalities in Rio Grande Do Sul.
Although the Tres Estradas project seems ready to grumble to the company’s project mixture, the flagship of Aguia continues to focus on the flagship Santa Barbara Gold Project.
In July, the company revealed serious high -grade gold hits in Santa Barbara. In addition, 58 ounces (1.82 kg) attracted $ 316,600 from the first gold sales and provided a big leap in the gold material.
Management said that underground development fell to 150 meters for giving priority to high -grade Santa Barbara Ven 1 to test the strike potential and prepare for a long -term ventilation system connected to the company’s nearby Mariana.
The company can be forgiven for turning one eye to Tres Estrades with the latest impressive numbers of economic work. Phosphate is the UNung Hero of Food Production and should be seen as a strategic jewel in Tres Estrate. With the increase in demand for world food production due to a constantly increasing population, Aguia may have a very appetizing opportunity in their hands and sit in a primary position to feed the future.
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