Aguia Resources Ltd (ASX:AGR)

Company's Profile

Aguia Resources Limited is a fertilizer company. The Company is engaged in the exploration and development of resource projects in the resources sector. The Company's projects include Lucena Phosphate Project and Rio Grande Project. The Company's Rio Grande deposit consists of the Tres Estradas, Joca Tavares, and Porteira carbonatite-hosted phosphate and the Cerro Preto sediment-hosted phosphate. The Company's deposits are located in a farming region of approximately 350 kilometers from the state capital porto Alegre. The Company's Tres Estradas project is located in the state of Rio Grande do Sul. The Company's Lucena Phosphate Project (LPP) covers approximately 35,000 hectares, which is located within approximately 50 kilometers radius across the city of Joao Pessoa, Paraiba State in northeastern Brazil. The Company's LPP is located within the Pernambuco-Paraiba basin consisting of Cretaceous-Paleocene sediments covered by the Pleistocene Barreiras Group.