Aguia Resources Limited (ASX:AGR) has received a non-refundable government grant of approximately A$570,000 to help fund their continued work on green copper processing technologies in Brazil.
The company has two advanced mining projects in southernmost Brazil: cathode green copper and organic phosphate. Both projects are wholly owned.
The grant comes from FINEP (Study and Project Funding Agency) and is part of the Brazilian Ministry of Science and Technology’s Research.
Aguia’s submission with respect to the grant is related to two innovative copper mining technologies that we are currently working on, namely, bio leaching and ore sorting. The grant will fund work which the company would otherwise have needed to self-fund.
The Aguia team will be collaborating on this project with Itatijuca Biotech and the highly regarded UFRGS (Federal University of Rio Grande do Sul). Itatijuca is a renowned consulting company with a team of highly experienced and well-trained researchers focused on biotechnology.
The grant which forms part of this project has a budgeted cost of approximately A$770,000 and is expected to take two years. Aguia’s contribution will be approximately A$200,000.
Management Commentary
“This grant to help fund our Green Copper Project reaffirms the effort and quality of Aguia’s management,” Managing Director, Dr Fernando Tallarico, said.
“Furthermore, it demonstrates not only Aguia’s outstanding reputation in Brazil, but also the willingness of the Brazilian Government to support advanced technology, and innovative environmentally sustainable mining projects.”
For further information please visit: https://aguiaresources.com.au/
