Aguia Resources secured a A$1.7 million loan to advance its Tres Estradas phosphate mine in Brazil, targeting 2026 production start with strong profit projections.

Aguia Resources has secured a A$1.7 million loan from Brazil’s Regional Development Bank of the Far South to advance upgrades at its Tres Estradas phosphate mine in Rio Grande do Sul, bringing capital funding to 85%. The project, targeting production start in 2026, aims to produce over 160,000 tonnes annually of its Pampafos organic fertilizer, with output ramping to 14,000 tonnes per month by 2027. Supported by letters of intent for 15,000 tonnes in 2026 from Brazilian and Uruguayan suppliers, the mine benefits from strong demand and high global fertilizer prices exceeding A$200 per tonne. With operating costs at A$65 per tonne, Aguia projects A$21.6 million in annual gross profits and a revised pre-tax free cash flow of $411 million over the project’s life—150% higher than prior estimates—driven by favorable market conditions. The 10-year loan carries a rate of Brazil’s central bank base rate plus 4.91% and includes a 24-month grace period.