Três Estradas phosphate project, Brazil – update
Name of the Project
Três Estradas phosphate project.
Location
Rio Grande do Sul, southern Brazil.
Project Owner/s
Aguia Resources.
Project Description
Aguia is planning to produce 306 000 t/y of Pampafos (the company’s natural phosphate fertiliser) from the site over an 18-year mine life.
The project will be an openpit and shovel operation.
The processing plant layout will include a primary crusher and six secondary hammer mills. After milling, the product will be transported to the warehouse using a conveyor belt and tripper car system.
There will be no need for a tailings dam.
Potential Job Creation
Not stated.
Net Present Value/Internal Rate of Return
The project has a post-tax net present value, at an 8% discount rate, of A$70.4-million and an internal rate of return of 61%, with a payback of 2.6 years.
Capital Expenditure
A$7.37-million, and A$8.11-million with contingency.
Planned Start/End Date
First production is expected in the first quarter of 2022.
Latest Developments
Aguia Resources has been granted a construction licence for the Três Estradas phosphate project.
The construction licence is a critical milestone in the environmental permitting of the mine, as it provides the necessary authorisation to initiate construction and start development of the mine site, the company has said.
The next and final phase in the permitting process will be the operation licence, which is the site inspection conducted before the opening of the mine and processing plant. Its purpose is to ensure that the phosphate project is built following the approved design of the project and that it complies with the environmental, safety, health and mining rules.
Key Contracts, Suppliers and Consultants
None stated.
Contact Details for Project Information
Aguia Resources +61 2 9299 9690 or email info@aguiaresources.com.au.
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