Aguia Resources (ASX:AGR) has been granted a mining concession licence from the National Mining Agency of Brazil for the Tres Estradas Mine in Brazil, ahead of an operational licence from environmental regulator FEPAM due in the next six weeks.
The company says this approval pushes the Tres Estradas Mine and the processing facility towards operation readiness. Tres Estradas is expected to be operational in Q2 2026, with the processing plant scheduled for commissioning in late April.
The mine has been ready for operations since 24 December 2025, with environmental requirements completed in January for the operational licence.
CEO Timothy Hoskings says the approval of the right to mine at Tres Estradas from the National Mining Agency of Brazil is an “important milestone” for the company.
“While there have been minor delays related to weighbridge installation and the extension of the current undercover run of mine ore storage at the processing plant, we remain on schedule to commission the plant by the end of April,” Hoskings says.
Aguia Resources is a multi-commodity explorer with phosphate assets in Brazil and gold assets in Colombia.
Write to Maddison Elliott at Mining.com.au
Images: Aguia Resources
