Aguia Resources discovers new phosphate mineralisation at Rio Grande project

By James Sean Dickson
Published: Wednesday, 08 October 2014

The discovery of new phosphate mineralisation areas at Aguia’s Rio Grande project in Brazil is likely to boost the economic viability of the project. The country is heavily import reliant for phosphate and potash, and domestic producers may have a significant low logistical cost advantage.

Australian junior Aguia Resources Ltd. has discovered new sediment-hosted phosphate mineralisation at the Cerro Preto area of its Rio Grande project, located in Brazil’s South Region.

Black phosphate rock beds, occurring in the Arroio Marmeleiro formation, crop out in a 5km wide,...

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