Aguia Resources’ path to cash flow & expansion as it eyes high-grade gold in Colombia

Aguia Resources Limited (ASX:AGR) executive chairman Warwick Grigor talked with Proactive's Stephen Gunnion about the company's transformation over the past 15 months. He explained how Aguia moved from financial struggles to a gold-focused future after acquiring Andean Mining. The Santa Barbara project in Colombia is the key driver, with a newly announced exploration target of 1.5 million to 4 million ounces of high-grade gold.

Aguia has raised $1.5 million to accelerate drilling and expects an active news flow in Q2. Grigor emphasised that further capital raises are unlikely, as future operations will be funded through internal cash flow. The company also secured a ten-year lease agreement to process phosphate in Brazil at a significantly lower cost than originally planned, with production targeted for September.

Discussing the investment case, Grigor pointed to the multi-million-ounce potential at Santa Barbara and Aguia’s ability to self-fund drilling through gold revenues. He described gold as the current focus, with phosphate positioned as a cash-flow contributor.

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