Phosphate Mining News in Brazil

Aguia Resources Limited
Aguia Resources Limited
AGR
Brazil, Colombia

AGR: Annual Report to Shareholders

Aguia Resources Limited reported the commencement of commercial production at its Três Estradas Phosphate Project in Brazil, exceeding initial throughput estimates. Concurrently, the Santa Barbara Gold Project in Colombia demonstrated improved gold recovery and production efficiency, alongside new high-grade channel sample results. Despite these operational successes and the divestment of a non-core silver project, the company faces a significant legal challenge regarding the environmental licensing of its Brazilian phosphate project, necessitating continued capital raising efforts.

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Itafos Inc.
Itafos Inc.
IFOS
Phosphate
Tocantins, Brazil

Itafos Completes Updated Preliminary Economic Assessment for the Arraias Phosphate Project

Itafos has completed an updated Preliminary Economic Assessment (PEA) for the Arraias Phosphate Project in Brazil, reporting a 5 Mt Mineral Resource (2 Mt M&I, 3 Mt Inferred). The PEA indicates robust economics with an 85% IRR and an after-tax NPV of $70.7 million USD.

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