Aguia Resources Limited announced that the application for the Installation License for its Três Estradas Phosphate Project has been finalised and submitted to the Rio Grande do Sul State Environmental Agency for granting. The filing of the mandatory environmental programs, being the Basic Environmental Plan and detailed engineering studies for Phase 1 of the TEPP were the remaining requirements for the final LI submission. This body of work was undertaken by world-renowned environmental services company Golder Associates. On 26 October 2020, the Company filed the Economic Assessment Plan for the TEPP with the National Mining Agency. Under Brazilian Mining Law, the PAE should demonstrate both the economic viability of the project as well as the Company's financial capacity to implement it. The PAE was the last report that needed be filed with ANM and is a requirement for the issuing of the Mining Permit by ANM, which is necessary for the granting of the LI by FEPAM. The LI is the only major outstanding permit required to commence project construction and once the Company receives the LI from FEPAM, earthworks, civil works and installation of the processing unit can begin. The Operation License is then granted once FEPAM confirms that the site installation has been completed strictly within the guidelines detailed in the LI. Timing of the LI granting is anticipated to be during First Quarter CY2021. Dialogue with government continues to be regular, engaging, and indeed positive.