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Tres Estradas to cost $84m

Creamer Media Senior Deputy Editor: Australasia
A bankable feasibility study (BFS) into the Tres Estradas phosphate project, in Brazil, has estimated that the project would require a capital investment of $83.9-million to produce a total of 43.5-million tonnes of ore. ASX-listed Aguia Resources said that the project will include an openpit, truck-and-shovel operation over the initial 16-year mine life, with the project expected to have a further 20-year mine life delivering aglime products that will be reclaimed from the tailings dam.

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