Aguia: 83 Million Tonnes of Measured and Indicated Resource Estimated at Três Estradas Phosphate Deposit

Brazilian fertilizer developer Aguia Resources (AUST:AGR)(TSX-V:AGRL) (“Aguia” or the “Company”) is pleased to report to shareholders that the Company has completed the modeling and update of the Três Estradas Phosphate Resource.

The entire dataset was subject to independent revision and auditing by Millcreek Mining Group who have signed off on the new resource statement for the project (the “Mineral Resource Statement”).  The resource estimate meets the criteria required to be compliant with both JORC and NI 43-101 standards.

The Mineral Resource Statement is based on the results of an extensive drilling campaign carried out by Aguia between December 2016 and June 2017.

The Mineral Resource Statement now includes 83 million tonnes grading 4.1% P₂O₅ of Measured and Indicated resources. Thus, 79% of the current resource model now falls in the Measured & Indicated category, whereas the previous model comprised only 21% of Measured and Indicated resources.

Click here to read the full text release.