PriceSensitive

Aguia Resources (ASX:AGR) claims its natural fertiliser outperforms chemical alternatives

ASX News, Materials
ASX:AGR      MCAP $12.50M
03 February 2022 18:40 (AEST)
Aguia Resources (ASX:AGR) - Managing Director, Dr Fernando Tallarico

Source: Aguia Resources

Aguia Resources (AGR) has said its natural phosphate fertiliser product, Pampafos, has outperformed the productivity of chemical fertilisers when applied to wheat crops in Brazil.

The company said the results demonstrate the potential for Pampafos to replace conventional and chemically processed phosphate fertilisers.

Aguia’s natural phosphate fertiliser products, Pampafos and Lavrato have now been tested on multiple Brazilian crops including soybean and rice, with all tests reportedly returning excellent results.

AGR claims that domestic interest in the company’s natural phosphate continues to grow with more offtake agreements anticipated.

The company believes a reason for this growing demand is in part due to consumers increasingly seeking out foods that have been produced by more environmentally friendly methods and with less chemicals.

In addition, Argui expects its natural phosphate is more economically viable than chemical alternatives. It explains that in the current market, the grower can potentially reduce the cost of phosphate application in the range of 10 per cent to 30 per cent by using natural phosphate instead of a conventional phosphate fertiliser.

Aguia Resources Managing Director Dr Fernando Tallarico said once production commences, the company will be well placed to meet demand.

“With growing demand for natural fertilisers and increasing interest from large domestic farms seeking long-term offtake agreements, we are ideally positioned with a product that will be highly sought after once we are in production,” he said.

Shares were up 13.6 per cent trading at 5 cents at close of trade on February 3.

Related News