This approval follows a letter of support received from BRDE in
The receipt of the Installation Licence (LI) which gives the right to commence mine construction is dependent upon completion of the land acquisition. The Company anticipates being able to provide a comprehensive update on land acquisition shortly with the majority of land purchases completed.
Following receipt of the LI, construction is expected to take 6 - 8 months followed by first production which is anticipated to occur during Q1 2022 based on receiving the necessary approvals and the timeframe to order long lead time items.
Managing Director Dr.
'Finalisation of the necessary land acquisition continues, and we look forward to providing shareholders with an update regarding this in the near future as well as news of the LI granting which will allow us to move the project into construction phase.'
Contact:
Tel: +61 (0) 419 960 560
Email: investor.relations@aguiaresources.com.au
Web: www.aguiaresources.com.au
About Aguia
JORC Code Competent Person Statements
The information in this report that relates to Exploration Targets, Exploration Results, Mineral Resources or Ore Reserves is based on information compiled by Dr.
Caution regarding forward-looking information
This press release contains 'forward looking information' within the meaning of applicable Australian securities legislation. Forward looking information includes, without limitation, statements regarding the next steps for the project, timetable for development, production forecast, mineral resource estimate, exploration program, permit approvals, timetable and budget, property prospectivity, and the future financial or operating performance of the Company. Generally, forward looking information can be identified by the use of forward-looking terminology such as 'plans', 'expects' or 'does not expect', 'is expected', 'budget', 'scheduled', 'estimates', 'forecasts', 'intends', 'anticipates' or 'does not anticipate', or 'believes', or variations of such words and phrases or state that certain actions, events or results 'may', 'could', 'would', 'might' or 'will be taken', 'occur' or 'be achieved'. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including, but not limited to: general business, economic, competitive, geopolitical and social uncertainties; the actual results of current exploration activities; other risks of the mining industry and the risks described in the Company's public disclosure. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended.
There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities law.
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