Highlights
- Aguia Resources (AGR) receives $4 million financing offer
- Funding to develop Tres Estradas Mine and Pampafos plant
- Expansion plan targets 300,000 tonnes processing by 2026
Aguia Resources (ASX:AGR) has taken a major step forward in its Brazilian phosphate operations with a financing offer of up to $4 million from Southern Development Bank (BRDE). This long-term funding is aimed at developing the Tres Estradas phosphate mine and the Pampafos processing facility, both located in the southern Brazilian state of Rio Grande do Sul.
The financial offer is structured as a 20-year loan with interest pegged to Brazil’s SELIC rate (14.75%) plus an additional 4.75% per year from BRDE. The loan will be secured against Aguia’s surface rights at the Tres Estradas site, providing the necessary support for initial mining activity and operational upgrades at the leased Pampafos plant.
Aguia Resources, which holds a market capitalisation of approximately $57 million, has identified a capital requirement of $1.97 million to activate the Pampafos processing facility for an annual throughput of 100,000 tonnes by January 2026. The longer-term vision includes a proposed scale-up to 300,000 tonnes per year by late 2026, subject to internal approvals and favourable economic assessment. This expansion is projected to require an additional $4.1 million.
According to the company’s Executive Chairman, the bank-backed loan significantly reinforces the credibility and institutional support behind the Tres Estradas project. The government’s endorsement signals confidence in the project’s environmental and socio-economic benefits, which could position Aguia Resources as a valuable player in the region’s agricultural input supply chain.
The Tres Estradas site boasts an estimated measured and indicated resource of 83 million tonnes at 4.11% phosphorus pentoxide, with an additional inferred resource of 21.8 million tonnes at 3.6%. Phosphate, the key output from this project, is a vital nutrient supporting global agricultural productivity and food security.
In addition to its phosphate assets in Brazil, Aguia also maintains gold exploration interests in Colombia, broadening its exposure across multiple commodities.
Although Aguia Resources does not currently form part of the ASX200 stocks, the strategic developments and backing by a major development bank underscore its ambition to become a larger player in the resource sector.
With its eye on 2026 production targets and operational readiness, Aguia Resources continues to build momentum around its Brazilian phosphate operations, aligning resource development with growing demand for sustainable agricultural inputs.