Aguia Resources (ASX:AGR) said it is now planning to complete an updated preliminary economic assessment at the Tres Estradas phosphate project in Brazil. Aguia is aiming to improve the economics of the project ahead of starting the bankable feasibility study and the updated PEA will focus on infrastructure, logistics and the potential production of by-products which could have a positive impact on the revenues and the net production cost of the phosphate.
Aguia won’t need much time for this and expects to release the results of the optimized PEA in the second quarter of this calendar year, where after a bankable feasibility study will be completed as well. It will be interesting to see the results of a tradeoff between producing a phosphate concentrate and producing phosrock, as this last possibility should dramatically reduce the capex.
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