Latest Aguia Resources (ASX:AGR) News

Aguia Resources Limited has reduced its Share Purchase Plan price to 3.6 cents and extended the closing date, while reporting promising initial drill results at its Santa Barbara gold project and securing a $4 million loan to kickstart phosphate production in Brazil.

Aguia Resources has landed a A$4 million loan offer from Brazil’s Southern Development Bank to fund the initial phase of its Tres Estradas phosphate project, enabling production to commence by early 2026 with plans for rapid expansion.

Aguia Resources has reported promising initial drill results at its Santa Barbara gold project in Colombia, confirming key geological models and supporting a significant high-grade gold target. The company plans to accelerate drilling to further define the resource and advance mine planning.

Aguia Resources is ramping up production at its high-grade Santa Barbara gold project in Colombia while advancing a low-capital phosphate operation in Brazil, setting the stage for robust cash flow generation.

Aguia Resources has locked in $750,000 through convertible notes to bolster working capital, pending shareholder approval expected in mid-July. The notes carry a 10% interest rate and come with free options, signaling cautious optimism about the company’s near-term funding needs.

Aguia Resources Limited has launched a Share Purchase Plan offering eligible shareholders the chance to buy new shares at a discount, aiming to raise up to $3 million to advance its phosphate and gold exploration projects.

Aguia Resources has announced a $3 million Share Purchase Plan offering shares at a 9% discount, aiming to fund exploration and development at its key projects.

Aguia Resources has initiated gold sales from its Santa Barbara Project in Colombia, marking a significant step as the company ramps up production and advances operational capacity.

Aguia Resources has initiated a 25-hole diamond drilling campaign at its Santa Barbara Gold Project in Colombia, aiming to define a maiden JORC resource and explore extensive vein systems.

Aguia Resources has secured key contracts and financing steps for its Tres Estradas phosphate project in Brazil, aiming for production start by late 2025 and first sales in early 2026.

Aguia Resources reports steady underground mining at 15 tonnes per day at its Santa Barbara Gold Project, with plans to boost processing capacity to 50 tonnes per day by July 2025 and imminent gold sales.

Aguia Resources has marked significant progress at its Santa Barbara gold project in Colombia, achieving maiden gold pours and initiating extensive drill testing. Concurrently, the company secured a long-term phosphate processing lease in Brazil and completed a $1.5 million capital raise, positioning itself for expanded production.