Aguia Resources Limited produced 942 grams of gold—equivalent to approximately 32 ounces—grading above 10 grams per tonne from the Santa Barbara gold project in Bolívar, Colombia, during August 2026.

The result marks a strong increase from the previous best performance recorded in February 2026, when production reached 468 grams of gold at an average grade of approximately 5 grams per tonne. Underground mining improvements, including the completion of new shaft development and selective breast mining, have reduced dilution and supported the consistent extraction of run-of-mine ore grading above 10 grams per tonne.

Total revenue from the 100 tonnes of mined material processed during August reached approximately A$171,000. This figure includes a 50-tonne third-party processing trial delivered to the Quintana Processing Plant in Remedios, Antioquia, operated by Colombian Mint. That parcel returned 637.37 grams, or 20.492 troy ounces, of payable gold with a stated value of approximately A$123,200, alongside 1,226.8 grams of payable silver. Aguia receives 90% of the recovered gold under the arrangement after processing charges of US$65 per tonne.

“August's record production and grade represent an important step forward for Santa Barbara. The third-party processing trial with Colombian Mint delivered a strong payable gold return from our high-grade ore and provides a potential pathway to support near-term cash flow while our team remains focused on underground development, dilution control and the selective extraction of higher-grade material. We are encouraged that the month's performance better reflects the quality and potential of the project. Our immediate priority is to build production in a disciplined manner toward approximately 200 tonnes per month, while maintaining grade and advancing plans for exploration drilling to test the broader resource potential we believe exists at Santa Barbara.”

— Timothy Hoskings, Managing Director and CEO

The company is focusing on a staged increase in monthly production to approximately 200 tonnes over the next 90 days while maintaining grade and continuing to evaluate third-party processing opportunities. In addition to these operational ramp-up targets, Aguia plans an upcoming diamond drill program in the fourth quarter of 2026 to test the broader resource potential across the project area.

Read the full announcement: Santa Barbara Project Delivers Highest Production & Grade