ASX-listed fertiliser developer Aguia Resources has completed the optimised preliminary economic assessment (PEA) for its flagship Três Estradas phosphate deposit, in Brazil, indicating a resource estimate of 74.7-million tonnes with an average grade of 4.13% phosphate and a new net present value of $400-million. “This updated PEA has unlocked considerable value from the Três Estradas project, which is now very capable of delivering high-quality phosphate and calcite at a materially lower cost than is currently being supplied to the southern Brazil market. This represents a major opportunity for Aguia, underpinned by a robust and growing agricultural sector in Brazil,” said Aguia MD Justin Reid.
