See our exclusive index of companies on the move:
Explore Stocks- Top Stocks
- Top Australian Gold Stocks
- Top ASX Copper Stocks
- Top ASX Nickel Stocks
- Top ASX Rare Earth Stocks
- Top Battery Metals Stocks on the ASX
- Top Australian Lithium Stocks
- Top Graphite Miners on the ASX
- 10 ASX Cannabis Stocks
- Top ASX Tech Stocks
- Top AI Stocks on the ASX
- On Site
- About Australian Cannabis Investing
- About Australian Resource Investing
- About Australian Tech Investing
- About Australia Investing
- Of Interest
- ASEAN-Australia-New Zealand Trade Agreement
- Association of Southeast Asian Nations (ASEAN)
- Australian FAQ on ASEAN
- Australia Government on Foreign Investments
Aguia Evaluating Options to Unlock Value of Rio Grande Copper Assets
The company said it believes that the market for copper will be positive over the next few years and could be in undersupply globally as early as next year.
Aguia Resources (ASX:AGR,TSXV:AGRL) is currently evaluating opportunities to enhance shareholder value through its Big Ranch and Canhada copper prospects in Rio Grande do Sul, where it has discovered a new zone of copper mineralization and staked 23 tenements, totalling 34,000 hectares within the Rio Grande copper belt.
The company said it believes that the market for copper will be positive over the next few years and could be in undersupply globally as early as next year.
As highlighted in the press release:
- Assessing all options to realize the potential value of Big Ranch and Canhada prospects including funding inside Aguia, joint venture/strategic partner or spinning out into a new listing
- Diamond drill program at Big Ranch targeted for completion by end of year with drilling at Canhada scheduled to commence in Q1 2019
- Mineralization hosted in a 100km long x 60km wide belt with historical production from Iron Oxide Copper Gold (IOCG) deposits
- Good mining jurisdiction with excellent infrastructure, mining service providers and skilled manpower in place
- Copper market forecast to be undersupplied while demand for copper from electric vehicle sector is growing
Click here to read the full Aguia Resources (ASX:AGR,TSXV:AGRL) press release.
Top News
FEATURED STOCKS
Global News
Investing News Network websites or approved third-party tools use cookies. Please refer to the cookie policy for collected data, privacy and GDPR compliance. By continuing to browse the site, you agree to our use of cookies.