A fertiliser focused having corporate office located in Sydney, Australia, Aguia Resources Limited (ASX:AGR) has its phosphate assets and copper exploration portfolio located predominately in Southern Brazil.
The Company has its chief projects located in the State of Rio Grande do Sul, which is a major farming area and completely depends on the imports of phosphate. The location of its projects and operations is a lucrative opportunity for the company as Brazil is globally the fastest growing fertiliser market and third-largest agriculture exporter.
Although Brazil is considered as an agricultural powerhouse across the globe, yet it is totally dependent on imports of fertilisers. The opportunity arising from the right commodity and large domestic market is expected to deliver significant growth for Aguia Resources through crucial land holdings in the globally recognised areas of Southern Brazil.
Let us get acquainted with the assets of AGR that have been classified as below:
RIO GRANDE PROJECTS
The Rio Grande Deposits comprise of the
- Três Estradas Phosphate Project
- Joca Tavares
- Porteira carbonatite-hosted phosphate
- Cerro Preto sediment-hosted phosphate
Besides being situated in a farming region around 350 km from the State Capital Porto Alegre, AGR has the added advantage of a well-serviced region with roads, rail, port, and power. The Company has made significant progress at Três Estradas with current preparations for obtaining installation license for the construction of the project.
Recently, the Company provided a timeline consisting of several key milestones to be covered at Três Estradas Phosphate Project.
Timeline and Key Milestones (Source: Company's Reports)
RIO GRANDE COPPER BELT
As a result of the regional exploration activities in the State of Rio Grande do Sul, Brazil, AGR identified a new zone of copper mineralisation on ground staked within the Rio Grande Copper Belt. The Company then successfully secured a strategic land package along the Rio Grande Copper Belt, totalling 77,500 hectares across 53 tenements and identified six mineralised targets within the belt:
- Big Ranch,
- Passo Feio,
- Lagoa Parada
Aguia looks forward to focussing on ongoing exploration including sampling, trenching, geophysics, and drilling at Canhada, Big Ranch, Primavera, Andrade, Carlotta, Seival Passo Feia and Lagoa Parada for the Rio Grande copper projects, while the key focus of drilling is expected to remain at Andrade with the target of expanding the existing Mineral Resource.
LUCENA PHOSPHATE PROJECT
Comprising of 43 permits and applications for 247.4km2 in the state of Paraiba north-eastern Brazil, the Lucena Phosphate Project has inferred mineral resource estimated to be 55Mt grading 6.42% P2O5. Further, exploration of neighbouring properties has been continued with an aim to identify additional oxidised carbonatite sources that could ultimately contribute to the Tr?s Estradas project.
Lucena is now being considered as a potential direct application natural fertiliser project (DANF), and it is intended that analysis and trial mining be assessed as production pathways.
Let us now get acquainted with AGR’s management team that is currently leading the Company:
Dr. Fernando Tallarico
Being a long-standing Technical Director, Fernando Tallarico was appointed as the Managing Director of the company on 11 October 2019. Fernando Tallarico has been engaged with AGR since inception and is a Ph D. having 30-years geologist experience in South America.
Fernando Tallarico is responsible for the acquisition of AGR’s highly prospective phosphate and copper portfolio in Brazil.
Ms. Christina McGrath
Appointed on 11 June 2019 with more than 30 years of experience as a commercial lawyer, Christina McGrath has held various senior executive management positions such as Company Secretary.
She specialises in Corporations Law, Board & Audit Committee Advisory, and Corporate Governance while holding domestic and international experience.
Mr. Martin McConnell
His more than 35-years of experience in Banking and Advisory services was gained through one of the major banks in Australia. In 2008, Martin McConnell was placed in the role of a Director at an independent advisory firm of Grant Samuel for advising on property and finance related operations and later in 2011 to till date, he joined as the head of financial risk products at Assetinsure.
Mr. Stephen Ross
Stephen Ross is a geologist and has more than 25-years of experience in technical, business development and corporate positions through being a director at an ASX-listed company engaged in the international minerals industry.
The following members are included in the team of Company’s general managers.
Besides being a senior Geologist, Lucas Gilinari has been a key part of the Aguia exploration team for over eight years. While being based in Cacapava do Sul, Luca Galinari has been overseeing both copper and phosphate/gold exploration.
GM Phosphate Development
Luiz, holding mining industry experience of more than sixteen years, is a senior geologist encompassing exploration, development, and mining. Luiz Clerot has recent and extensive local experience in fertilizer project development experience and is well placed to lead the development of the TEPP and Mata Grande projects.
GM Finance & Admin
Being a postgraduate in finance and business management, Marina Carvalho has over a decade experience of coordinating finance, accounting, budgeting, corporate governance, HR and IT departments for small mining companies and has recently moved from part-time to full-time role with AGR.
GM Mineral Resources & Strategy
Being an M.Sc., Thiago Bonas has 18-years geologist specializing in resource evaluation and audit in South America, Canada and Europe and is a sitting member of the CBRR (Brazilian Commission for Resources and Reserves).
AGR looks well-placed to exploit the opportunities in coming times with
- Management personnel possessing significant experience in the related resources sector;
- Highly prospective holdings in world-class areas with plenty of potential for further discoveries;
- Well-developed transport and utility infrastructure in the project holding areas;
Viewing through the lens of the quality of exploration ground and the results of work to date; AGR believes there is a good opportunity for exploration success at all projects.
AGR Stock Information
The shares of AGR are placed in a trading halt due to the release of an announcement related to capital raising. The securities shall remain in halt until the earlier of the commencement of trading day on 20 April 2020 or post the release of the announcement to the market.
The AGR stock last traded at a price of $ 0.081 with a market capitalisation of $ 17.15 million.
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