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Executive Chair Warwick Grigor from Aguia Resources (ASX:AGR) shares the latest on its gold project in Brazil. Aguia Resources recently poured its maiden gold at the Santa Barbara mine, boasting high-grade ores with a focus on narrow vein mining. Warwick asserts that this approach ensures high profit margins due to the quality over quantity strategy.
In Brazil, Aguia is pursuing a second revenue stream through phosphate production. The company has partnered locally to lease facilities, expediting production and reducing costs. Warwick emphasises the strategic sense in working with established local entities, aiming for strong cash flow starting next year.
Aguia plans further drilling to establish resource estimates while confidently progressing toward increased production.
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