Tres Estradas infill drilling program 70% complete and delivering thicker intercepts

By Megan Graham. Published at Jan 17, 2017, in Mining

In an update to shareholders, Brazilian fertiliser developer Aguia Resources (ASX:AGR) has announced positive results regarding the current infill drilling program at its flagship Tres Estradas Phosphate Project.

The project, located in southern Brazil, is in line with predictions, and results to date support the company’s expectations of a phosphate homogenous deposit. Four diamond rigs and a reverse circulation rig are being used for the drilling, with approximately 70% of the planned 9,500 meters now completed.

The drilling program has returned grades and thickness at the same level as Aguia predicted in its model, thus allowing the company to convert Inferred Resources to Measured and Indicated categories – a critical step towards achieving a Bank Feasibility Study.

Importantly, some intercepts have shown thicker mineralisation than Inferred estimates. Highlights of the results so far include hole TED-16-086 which intercepted 72 meters of carbonatite – 22 metres more than predicted – and 72.65 meters averaging 3.91% P2O5 from 93.25 meters, and 10 metres grading 5.03% P2O5. Another hole, TER-16-156, returned 8 meters averaging 9.36% P2O5 from 1 meter.

It should be noted that this is still an early stage play and any consideration of this stock for your portfolio should be undertaken via professional financial advice.

The assay results for Tres Estrada are summarised in the below table:

A selection of completed drill holes from the program will be used to generate samples for the company’s upcoming Pilot Plant test. The sampling of the composites for the Test have now been finalised and sent to Eriez Flotation Division in Pennsylvania.

The below map shows where the infill drilling at Tres Estradas is taking place:

Of the latest update, Technical Director Fernando Tallarico said, “The infill drilling program has advanced incredibly well and is on schedule with two thirds now complete. The uniformity of grades and thicknesses again confirm and in some cases improve upon our previous geological model.

“With samples now on their way to Eriez we will very shortly start another crucial stage of the BFS program, which will be the Pilot Plant testing of our phosphate ore.”

View Our Investment Portfolios

S3 Consortium Pty Ltd (CAR No.433913) is a corporate authorised representative of LeMessurier Securities Pty Ltd (AFSL No. 296877). The information contained in this article is general information only. Any advice is general advice only. Neither your personal objectives, financial situation nor needs have been taken into consideration. Accordingly you should consider how appropriate the advice (if any) is to those objectives, financial situation and needs, before acting on the advice.

Conflict of Interest Notice

S3 Consortium Pty Ltd does and seeks to do business with companies featured in its articles. As a result, investors should be aware that the Firm may have a conflict of interest that could affect the objectivity of this article. Investors should consider this article as only a single factor in making any investment decision. The publishers of this article also wish to disclose that they may hold this stock in their portfolios and that any decision to purchase this stock should be done so after the purchaser has made their own inquires as to the validity of any information in this article.

Publishers Notice

The information contained in this article is current at the finalised date. The information contained in this article is based on sources reasonably considered to be reliable by S3 Consortium Pty Ltd, and available in the public domain. No “insider information” is ever sourced, disclosed or used by S3 Consortium.

Australian ASX Small Cap stocks | Why is Australia’s leading small cap publication

Founded seven years ago, is Australia’s leading and longest standing website for investor and finance news, education and expert opinion.

Published by StocksDigital, Finfeed was created to report daily on the comings and goings of ASX listed stocks in the small cap market.

As the first digital publication dedicated specifically to this space, Finfeed soon became the most trusted publication in the market, quickly garnering over two million page views – a number that continues to rise. provides its readers with informative articles that tackle the latest in market moving #ASX small cap news, plus exclusive content you won’t find anywhere else. It is aimed at those with an interest in investing, market education, company performance, start-ups and much more. is the only media organisation operating under the strength of a Financial Services License and is backed by leading journalists and analysts all with brands of their own.

The website aims to inform, educate and entertain with content that drills down into the heart of financial matters.

Finfeed is a leading source of investor and market information, with everything investors need to know about how to invest written in a way that anyone can understand. 

Over the years, the website has expanded beyond exclusively reporting on small caps, to profile Australia’s leading ASX listed small, mid and large caps as well as some of the country’s most successful CEOs and business leaders to find out what makes them tick.

Every day you will find fresh content covering:

Fast Facts

Over 4,000 articles published

Over 2.3 Million Page Views and counting

Over 10,000 followers on social media

Subscriber list growing by 2% monthly

Thanks for subscribing!