Aguia Resources receives A$2m to progress Brazillian phosphate project

By James Sean Dickson
Published: Thursday, 20 November 2014

Tres Estradas requires a significant amount of drilling work to be carried out before a resource can be defined. The private placement funding secured by Agiua will help it to confirm the size of the Brazilian deposit.

Sydney, Australia-based fertiliser mineral junior Aguia Resources Ltd has secured an Australian dollar A$2m ($1.72m*) placement with Sulliden Mining Capital Inc.

Aguia said that the funding would be used for a comprehensive drilling...

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