Aguia reports first gold sales in Columbia with | Australian Markets

Aguia Resources is charging into the new financial yr with its dual-commodity strategy, after delivering the company’s first gold sales from its flagship Santa Barbara project in Colombia.

The company is laying the groundwork for its subsequent up phosphate manufacturing in Brazil’s agricultural heartland, because it reported a promising begin to its gold bullion journey.

Aguia topped off its milestone quarter of exercise with some critically high-grade gold hits at its flagship Santa Barbara in July.

Management says its operational upgrades and savvy financing strategy have it poised for a transformative yr of twin commodity manufacturing forward.

The company raked in $316,600 from its first gold sales of 58 ounces (1.82 kg) of gold, a stable begin on a 250 per cent bounce in gold materials processed.

Aguia says underground development has pushed down to 150 metres, because it prioritises the high-grade Santa Barbara vein 1 to check its strike potential and put together for a long-term air flow system linked to the company’s close by Mariana workings.

However, as could possibly be anticipated, the highway hasn’t been with out bumps. Early reliance on coaching inexperienced native staff led to higher-than-expected mining dilution, prompting a strategic pivot going ahead.

Aguia appointed Paolo Herrera as nation supervisor in late June to spearhead a workforce overhaul and produce in expert personnel to spice up effectivity for FY26.

The company is now refining its method, specializing in minimising dilution and developing inside declines to faucet deeper vein systems. While the goal of 50 tonnes per day has been delayed by a few months, management stays assured that a six-month ramp-up will see the mill totally utilised in a hovering gold price surroundings.

Exploration is the place Santa Barbara has been actually shining, with six diamond drill holes focusing on Santa Barbara’s vein 1 returning bonanza grades, together with a 0.6m hit operating 25.43 grams per tonne (g/t) gold and 78.3 g/t silver, and a standout 0.15m at 44.2 g/t gold and 74.2 g/t silver.

Underground sampling was equally spectacular, with imply grades of 17.93g/t and 15.50g/t from Santa Barbara veins 1 and a pair of respectively.

The company’s 400 samples from development and floor work verify constant high-grade mineralisation in veins open at depth and alongside an 800m strike on the parallel Mariana system, the place drilling has now commenced.

Pleasingly, the growth of the plant capability to 50 tpd was achieved with out a lot problem, leaving us to now deal with underground mine development and ramping up provide of vein materials in order to maximise the advantages of the mill. The actuality is that underground mines take time to optimise ore manufacturing charges. Santa Barbara will likely be no completely different. We anticipate a six month period of growth earlier than the mill will likely be totally utilised. Exploration drilling, beneath the present workings, has been delivering very helpful outcomes.

On the infrastructure entrance, Aguia accomplished a 5.5-kilometre water pipeline to secure a regular water provide for processing, a vital step in scaling up operations.

It is eyeing the potential of trackless mining tools to develop declines and haulage drives at 30m intervals, a transfer that might improve its flexibility and capability to hit its manufacturing targets sooner fairly than later.

Across the border in Brazil, Aguia is fast-tracking its Três Estradas phosphate project, with the leased Dagoberto Barcelos processing plant in Cacapava do Sul forward of its operational handover this month.

The company has been busy upgrading the power, repairing conveyor belts, putting in electrical systems and increasing ROM storage, all to kick off manufacturing at 100,000tpa early subsequent yr.

Aguia can also be weighing a R$15 million (A$4 million) loan from the Brazilian Development Bank to fund plant upgrades, which could possibly be a shrewd transfer to protect all-important money.

Exploration at Três Estradas took a backseat to plant preparations, however early work at Aguia’s close by Mato Grande, Passo Feio and Vila prospects hints at future feedstock sources within trucking distance of the plant.

Rising phosphate costs and a strategic leasing deal give Aguia a aggressive edge over imported alternate options as Latin America appears to be like to regionally sourced phosphate tasks for future secured agri provide.

The company says it’s also quietly advancing its Canhada copper prospect in Brazil’s Rio Grande copper belt and is reprocessing historic geophysical and soil information to pinpoint a 7.5km by 2.25km anomaly.

With first gold sales in the bag, phosphate manufacturing on the horizon and a copper prospect simmering, Aguia is positioning itself as a multi-commodity contender. As Santa Barbara’s veins proceed to dazzle and Três Estradas gears up to feed Brazil’s booming agriculture sector, Aguia appears to be like on the cusp of changing into a extremely sustainable South American mining outfit.

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