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Aguia Resources Limited (ASX:AGR)

ALERT: Price-sensitive ASX Announcement for AGR
Current share price for AGR : $0.019 -0.002 (-9.52%)+
Announcement
Release
24 Jun 2026 8:29AM
Price at Release
$0.021
Full Release
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Summary
Aguia Resources Limited (ASX: AGR) announced operational and grade improvements at their Santa Barbara Gold Project in Colombia. They optimized high-grade, narrow vein mining, achieving consistent +10 g/t Au feed for their processing plant. Two shafts, part of the project’s development in Vein #1, were completed, allowing for the opening of nine mine faces, with costs significantly reduced. Monthly expenses dropped from AUD 459,096 to AUD 117,309, largely due to phased capital expenditures. The company prioritized underground development over short-term extraction, resulting in lower production but improved grades and recoveries. This strategic focus on mine development and cost control positions Aguia Resources for future production increases.
Key Points
  • Operational and grade improvements at Santa Barbara Gold Project in Colombia.
  • Optimized high-grade, narrow vein mining with consistent +10 g/t Au feed.
  • Completion of two shafts under Vein #1, with nine mine faces ready.
  • Significant cost reductions, with monthly costs down from AUD 459,096 to AUD 117,309.
  • Focused on underground development and capital works over short-term extraction.
  • Continuous improvements in grade and recoveries with disciplined capital allocation.
  • Mine development provides basis for increased future production.
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.