Across the border in Brazil, Aguia is fast-tracking its Três Estradas phosphate project, having leased the Dagoberto Barcelos processing plant in Cacapava do Sul.
The company fully owns Tres Estrades, which is 320km from Porto Alegre, Rio Grande do Sul, in Brazil. It benefits from world-class infrastructure, including roads, rail and ports, and sits in the region’s agricultural heartland.
The company is eyeing processing operations beginning early next year on its organic phosphate product, dubbed Pampafos. Recent field trials showed Pampafos rivals the performance of top-shelf imported fertilisers at a fraction of their price.
While the Tres Estradas project seems set to add grunt to the company’s project mix, Aguia remains focused on its flagship Santa Barbara gold project in Colombia.
As underground development pushes down to 150m and beyond, Vein 1 looks set for a long-term high-grade future for the dual-commodity player. And with growing demand for world food production and shiny golden jewellery and safe-haven bars, Aguia looks to have a very appetising opportunity on its hands in two surging commodity markets.
Is your ASX-listed company doing something interesting? Contact: mattbirney@bullsnbears.com.au
