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Aguia Resources to reassess Lucena phosphate project in Brazil
Aguia Resources is planning to reassess its Lucena Phosphate Project in Paraíba, Brazil. The project holds a JORC-inferred mineral resource of 55 million tonnes at 6.42% phosphorus pentoxide, alongside a 41.4 million tonne limestone resource.
The company is seeking licence extensions from the National Mining Agency (ANM) to progress toward a feasibility phase. Aguia currently holds 16 licences in the region, with 12 awaiting approval to move into feasibility.
This move follows the Brazilian Federal Senate's approval of the Fertiliser Industry Development Program (Profert). This initiative aims to reduce Brazil's heavy reliance on imported fertilisers, which currently account for over 80% of its requirements. Profert includes a R$10 billion budget and introduces local-content requirements that will scale from 2% to 10% by 2037.
Entities
Aguia Resources · Brazil · Lucena Phosphate Project · National Mining Agency · Timothy Hosking
Claims
What the coverage asserts, and how many sources carry each claim.
- [● 5 SOURCES] Exploration has identified a 41.4 million tonne limestone resource at the site. mining.com.au · www.smh.com.au · www.brisbanetimes.com.au · www.theage.com.au · thewest.com.au
- [○ 1 SOURCE] The Profert program introduces local-content requirements for fertiliser blends, starting at 2% and rising to 10% by 2037. thewest.com.au
- [● 5 SOURCES] The Lucena project contains a JORC-inferred mineral resource of 55 million tonnes at 6.42% phosphorus pentoxide. mining.com.au · www.smh.com.au · www.brisbanetimes.com.au · www.theage.com.au · thewest.com.au
- [● 4 SOURCES] Brazil currently sources more than 80% of its fertiliser requirements from imports. www.smh.com.au · www.brisbanetimes.com.au · www.theage.com.au · thewest.com.au
- [● 5 SOURCES] Aguia Resources holds 16 licences in the state of Paraíba. mining.com.au · www.smh.com.au · www.brisbanetimes.com.au · www.theage.com.au · thewest.com.au
- [○ 1 SOURCE] The Profert program has a budget of R$10 billion (approximately A$2.69 billion). thewest.com.au
- [● 5 SOURCES] The Brazilian Federal Senate approved the Fertiliser Industry Development Program (Profert). mining.com.au · www.smh.com.au · www.brisbanetimes.com.au · www.theage.com.au · thewest.com.au
- [● 5 SOURCES] Aguia Resources plans to reassess the Lucena Phosphate Project in Paraíba, Brazil. mining.com.au · www.smh.com.au · www.brisbanetimes.com.au · www.theage.com.au · thewest.com.au