Based on a positive resource update reaffirming the potential value of its flagship Três Estradas phosphate deposit, in southern Brazil, ASX-listed fertiliser developer Aguia Resources has confirmed its intention to commence with a bankable feasibility study once additional project development and exploration works are completed in the near term. Aguia plans to undertake an infill drilling programme to convert the current inferred mineral resource measured and indicated mineral resources, which will be used as the basis for economic and production forecasts in the bankable feasibility study.
