Aguia Resources Limited has made significant progress at the Santa Barbara Gold Project

Jan 07, 2025

Aguia Resources Limited (ASX: AGR) has commenced underground mining at its 100 % owned Santa Barbara Gold Project in Colombia after receiving all necessary approvals for concession contract 0-439C1. Underground development has started on the Mariana and Santa Barbara vein systems, which previously exposed gold-bearing quartz veins with average grades nearing one ounce per tonne. As part of early-stage operations, 25 tonnes of mineralized and 246 tonnes of waste material have been mined and delivered to the pilot processing plant. Crushing and milling of the ore are underway, with carbon precipitation in existing tanks scheduled shortly.

The company is expanding its processing capacity with additional agitator tanks to achieve throughput targets of 30 tpd, scaling to 50 tpd within two quarters. A new thickener and Merrill Crowe precipitation system are being installed, with commissioning expected by January 2025, supporting increased efficiency and gold recovery.

 

 

Customer Notice:

Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.

Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com