EXPLORATION & DEVELOPMENT

Brazil fertile for Aguia phosphate

PHOSPHATE finder Aguia Resources has been diamond drilling at its Rio Grande project in southern Brazil where it hopes to develop a project costing less than $US200 million and producing 350,000t of a single superphosphate product at bottom quartile costs.

Michael Quinn
Brazil fertile for Aguia phosphate

The drilling began last month at a satellite prospect to Aguia's mainstay Tres Estradas, while scout drilling was also begun on a large scale prospect called Cerro Preto - a blue sky target of sufficient...

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