Aguia Resources Provides Update on Management’s Discussion and Analysis

May 08, 2020 02:07 PM AEST
Team Kalkine

Aguia Resources Limited (ASX:AGR) provides a detailed analysis of the Company’s operations and has compared its financial results with those of the previous periods.

AGR provided the following highlights:

Conclusion of the Scoping Study for Phase 1 of its Três Estradas Phosphate Project
The Phase 1 updated mining plan forecasts a total of 5.1 million tonnes of ROM mined at a strip ratio of 0.49
Reduction of approximately 77% in the environmental footprint of the project through new approach for Phase 1 of the Project
Currently, Agronomic efficiency tests with the DANF product are being undertaken
AGR’s team in Brazil is actively progressing with the environmental plans and programs and with the detailed engineering for Phase 1

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