Aguia Resources Limited updated shareholders on the infill drilling program at its Três Estradas Phosphate Project in southern Brazil. Consistently encouraging results demonstrate the homogeneous nature of the deposit. Four diamond rigs and one reverse circulation rig continue to operate at site, having completed 6,450 metres, or approximately 70%, of the total 9,500 metres that is planned. The infill drilling continues to return grades and thicknesses predicted in model which achieves the program's objective to convert Inferred Resources to the Measured and Indicated categories. A key highlight is some intercepts have even been thicker than predicted, for example hole TED-16-086 intercepted 72 metres of carbonatite, which was 22 metres more than predicted.