Pending Final Licenses Could Delay Aguia’s PAMPAFOS Market Entry

Regulatory Milestone Achieved for PAMPAFOS Commercialisation

Aguia Resources Limited (ASX:AGR) has announced that its wholly owned Brazilian subsidiary, Aguia Fertilizantes, received official registration from Brazil’s Ministry of Agriculture, Livestock and Food Supply (MAPA) on 6 April 2026. This registration authorises the company to sell its natural phosphate fertiliser product, PAMPAFOS®, within Brazil, marking a significant regulatory step towards commercial operations.

The MAPA registration follows earlier achievements including the registration of the PAMPAFOS® trademark with the National Industrial Property Institute (INPI) in 2019 and operating licenses for the processing facility obtained in 2025. The company is currently finalising upgrades to its phosphate processing plant located in Caçapava do Sul, Rio Grande do Sul, with completion expected by April 2026. A final MAPA audit of the processing operations will follow, anticipated to conclude by early May 2026, which will enable the first dispatch of PAMPAFOS® to customers.

Operational Readiness and Market Demand

Alongside the MAPA registration, Aguia Fertilizantes is preparing for the issuance of the mine operational license by the environmental regulator FEPAM for its Tres Estradas phosphate project. The processing plant upgrades and regulatory approvals are critical prerequisites for commencing sales and production.

Managing Director and CEO Timothy Hoskings highlighted the strong demand for PAMPAFOS® in Brazil, noting that commercial agricultural operators are actively seeking local supply solutions to reduce reliance on imported phosphate fertilisers, which predominantly come from the Middle East and North Africa. PAMPAFOS® is positioned as a high-quality, cost-effective alternative that can improve supply security and competitiveness in the Brazilian agribusiness sector.

Strategic Context and Next Steps

This development follows Aguia Resources’ recent strategic moves, including the completion of the sale of its non-core Atocha Silver Project in Colombia, which strengthened the company’s balance sheet and sharpened its focus on near-term production assets. The company has also secured mining licenses for Tres Estradas, setting the stage for operational licensing and commissioning in the near term.

Investors and market observers will be watching closely for the final FEPAM operational license and the results of the MAPA audit, which will enable Aguia to commence commercial shipments of PAMPAFOS®. The company’s ability to meet the emerging demand for domestic phosphate fertiliser in Brazil could have implications for the local fertiliser supply chain and import substitution efforts.

For further context on Aguia’s operational progress, the company’s recent mining license acquisition and commissioning plans for Tres Estradas provide insight into the broader timeline and readiness of its phosphate projects.