Aguia Resources to Optimize PEA for Tres Estradas Project

Mining Weekly reported that Aguia Resources Ltd. (ASX:AGR) has commissioned optimization work on the preliminary economic assessment( PEA) for its Brazil-based Tres Estradas project.
The company expects to release an updated PEA during Q2 2016.
As quoted in the press release:

An August PEA into the Tres Estradas project indicated that the project could produce 500 000 t/y of single superphosphate, at a capital cost of $184-million.
The project was estimated to have a mine life of some 15.5 years, based on a 70.1-million-tonne mineral resource.
US-based Millcreek Mining Group would now factor in the inclusion of a 600 000 t/y calcite plant at the Tres Estradas mine site, which was expected to enhance the cash flow of the project and minimise waste production.
The company would also look to optimise metallurgical recoveries, consider alternative and more cost effective logistic solutions, optimise the mine plan, consider direct mine gate sales for a phosrock production scenario, and consider a phosrock-only operation which would simplify the mine development timeline and reduce capital requirements.

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