Market Alert: ASX200 at Critical Support – Reversal or Further Fall?
Aguia Resources Limited (ASX: AGR) signed a 10-year lease agreement with Dagoberto Barcelos to utilize an existing fertilizer processing plant in Caçapava do Sul, Brazil, 110 km from the Tres Estradas phosphate mine. The agreement, with an option to extend for another 10 years, enables Aguia to process Pampafos ore through DB's facility, which currently operates at 100,000 tonnes per annum and has the potential to expand up to 300,000 tpa with minor upgrades. Aguia will pay a one-time fee of AU$ 1.4 million and a monthly lease of AU$ 43,000, assuming site control within six months.
The company aims to begin processing ore by Q3 2025 and is also exploring additional regional processing opportunities. With Brazil's phosphate market heavily reliant on imports, Aguia strategically positions itself to supply high-grade phosphate at competitive pricing, supporting the country's agricultural sector while advancing its gold operations in Colombia.
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