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Aguia Resources Limited (ASX:AGR)

ALERT: Price-sensitive ASX Announcement for AGR
Current share price for AGR : $0.019 -0.006 (-24%)+
Announcement
Release
18 May 2026 12:55PM
Price at Release
$0.025
Full Release
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Summary
Aguia Resources Limited has received an Operating Licence from Brazil's environmental agency, FEPAM, for its Tres Estradas Phosphate Project, marking a significant milestone. This licence enables the commencement of mining and processing operations in Rio Grande do Sul, Brazil, aimed at providing a domestic source of phosphate to replace imports. The operations are set to start on May 18, 2026, focusing initially on topsoil removal and extraction of high-grade phosphate blocks. The first batch of phosphate material is expected to be processed by early June. This development positions Aguia as a key domestic player in the Brazilian phosphate market, addressing supply disruptions and high prices in the imported phosphate market.
Key Points
  • Aguia Resources Limited granted an Operating Licence for Tres Estradas Phosphate Project.
  • Operations begin on May 18, 2026, focusing on topsoil removal and high-grade block extraction.
  • First material to be processed and bagged by early June.
  • The licence marks Aguia as a domestic producer in the Brazilian phosphate market.
  • Webinar scheduled for May 19, 2026, to discuss upcoming sales strategies.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.