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Aguia Resources Limited (ASX:AGR)

ALERT: Price-sensitive ASX Announcement for AGR
Current share price for AGR : $0.019 -0.007 (-26.92%)+
Announcement
Release
20 May 2026 8:56AM
Price at Release
$0.026
Full Release
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Summary
Aguia Resources Limited has reported significant operational and grade improvements at its Santa Barbara Gold Project in Colombia. The company has implemented optimized methods for high-grade, narrow vein mining, resulting in improved head grades to the processing plant from a previous average of 3 to 4 g/t Au to more than 10 g/t Au. The last batch recorded a total recovery of 10.31 g/t Au, with an estimated head grade of 12 g/t Au. Key developments include the completion of Phase 1 and progress into Phase 2, which focuses on optimizing mining and handling operations. This involves decreasing powder factors, tightening grade control, and mechanizing crushing to minimize handling losses. The company has also sunk two shafts under Vein #1 and initiated new developments on Vein #2, targeting high-grade zones identified in previous drills. These efforts are part of a broader strategy to expand mine development and increase gold production while maintaining higher grades.
Key Points
  • Optimized method for high-grade, narrow vein mining implemented.
  • Head grades improved to over 10 g/t Au from previous averages of 3 to 4 g/t Au.
  • Last batch recorded a total recovery of 10.31 g/t Au with an estimated head grade of 12 g/t Au.
  • Completion of Phase 1 and progress into Phase 2 focusing on mining and handling optimization.
  • Two shafts sunk under Vein #1 and ongoing development on Vein #2.
  • Efforts aimed at expanding mine development and increasing gold production.
  • Emphasis on maintaining higher grades and enhancing mining operations.
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.