Aguia Resources (ASX:AGR) has reported its first Pampafós sales following the opening of the project on 2 June 2026, delivering $600,000 in revenue.
Aguia’s commercial team has spent a considerable amount of time in the market, presenting the product to more than 100 potential customers, with enquiries coming from across Brazil.
Managing Director and CEO Timothy Hoskings says the sales success provides “strong commercial validation of Aguia Fertilizantes’ strategy”.
“Negotiated directly with a respected agricultural cooperative and regional farmers, it reinforces confidence in Pampafós as a regional phosphorus source for southern Brazil.
“The two-year contract also supports a long-term commercial relationship, improves predictability, and provides a basis for future volume growth as production capacity increases.”
Aguia reports it has received a substantial order from the Cooperativa Tritícola Caçapavana, a leading agricultural organisation in Rio Grande do Sul, for 2,000 tonnes, with a scheduled pick-up plan over the contract period, providing both parties with flexibility in delivery and logistics.
Aguia has also sold an additional 1,000 tonnes to smaller farming producers in the Caçapavana region, with sales priced between $190 and $200 per tonne and discounts for upfront payments.
Aguia notes the sales to smaller local farming groups are important because they help expand the adoption of Pampafós within local communities. An additional 5,000 tonnes are currently under negotiation for short-term deliveries, with orders expected in the coming weeks.
Aguia notes the success of Pampafós depends on its positioning and adoption among farmers, delivering value when used in the right soil and crop conditions.
The gradual-release profile of Pampafós means it remains in the soil for longer periods during the growing season, providing a steadier nutrient supply to plant roots. It is ideal for regions where acidic agricultural soils are widespread.
Aguia has also announced it is in final negotiations on working capital financing with Banco Daycoval, a Brazilian private bank.
Aguia Resources is a multi-commodity company with pre-production phosphate projects in Rio Grande do Sul, Brazil, and gold projects in Bolivar, Colombia.
Write to Amy Rotman at Mining.com.au
Images: Aguia Resources
