From 1 August 2025, Aguia will incur a monthly lease fee of 163,200 reais.
Águia Fertilizantes, a fully owned Brazilian subsidiary of Aguia Resources, has signed a ten-year lease agreement with Dagoberto Barcelos, a Brazilian company. The deal allows Aguia to use an existing processing facility in Rio Grande do Sul, Brazil, to process Pampafos ore. The lease includes an option to extend for another decade.
The agreement involves an entry fee of 5 million reais ($871,765), payable in six installments aligned with Aguia’s cash flow plan. The first payment of 120,000 reais is due eight days after signing, with the remaining amounts spread over the next five months. Starting 1 August 2025, Aguia will pay a monthly lease fee of 163,200 reais.
Aguia will assume control of the facility, which currently processes approximately 100,000 tonnes of phosphate per year. By adding a hammer mill, a second drying unit, and minor upgrades, the company aims to increase capacity to 300,000 tonnes annually. Production is expected to commence in the third quarter of 2025, using Pampafos ore initially.
The company is also accelerating exploration and development at the Mato Grande and Passo Feio deposits, located near the facility. Mato Grande is less than 3 kilometers away, while Passo Feio is 8 kilometers from the plant. Drilling and assessments at these sites are ongoing, with potential to supply ore in place of Pampafos.
Aguia executive chair Warwick Grigor stated: “Depending upon the speed of market penetration, Aguia will look to expand production at the plant as early as the start of 2026. When I became chairman of Aguia I stated that our goal was to clear the way to commence production of phosphate in Brazil as soon as possible. I am pleased to report that we are now close to realising that goal with our eye on progressive expansion through one or more processing plants and with significantly less capex than previously expected. With Brazil largely dependent on phosphate imports, we are confident of carving out a meaningful market position in southern Brazil, the country’s preeminent agricultural region. We look forward to bringing on a second meaningful revenue stream this year, adding to our gold processing operations at the high-grade Santa Barbara project in Colombia which is advancing very favourably.”
Aguia expects to earn between A$150 and A$160 per tonne for its high-grade phosphate product. The company is also negotiating with a separate processing facility in Caçapava do Sul to further expand output from its wholly owned phosphate projects. This strategic lease strengthens Aguia’s position to enhance phosphate production capabilities in Brazil, supporting the agricultural sector in the region.
