logo-loader
viewCentrex Metals Ltd

Centrex Metals secures second sales contract for phosphate rock concentrate at Ardmore

The company is progressing all required activities to advance the project including arranging logistics, concentrate sales, contracting and other operational activities to begin mining and processing this year.

1557810281_CENTREX-header-EDIT.jpg
Centrex representative inspecting the initial 400 tonnes of Ardmore phosphate rock ore

Centrex Metals Limited (ASX:CXM) has secured its second sales contract for high-quality phosphate rock concentrate from its Ardmore Project in north-west Queensland.

Leading New Zealand-based nutrient supplier Ballance Agri-Nutrients previously trialled 400 wet tonnes of run-of-mine ore from Ardmore to produce single superphosphate.

The company has now agreed to purchase a further 5,000 wet tonnes of concentrate to be produced as part of the trial production process anticipated to begin in 2019.

Contract validates “quality of Ardmore’s product”

Centrex chief executive officer Simon Slesarewich said: “The company is very pleased to be partnering with one of New Zealand’s leading fertiliser producers in Ballance.

“The contract validates the quality of Ardmore’s product and its attractiveness to target customers.

“We would like to thank the team at Ballance for their support and we look forward to a long-term relationship as we progress Ardmore towards commercial production.”

Discussions are ongoing with a select number of other potential long-term offtake customers in regard to taking trial shipments.

This process will be integral in validating the premium product from Ardmore and securing offtake contracts, which will underpin the financing of full-scale operations.

Quick facts: Centrex Metals Ltd

Price: 0.026 AUD

ASX:CXM
Market: ASX
Market Cap: $8.21 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Australian Potash cashed up as it works to round off FEED programme at Lake...

Australian Potash Ltd's (ASX:APC) Matt Shackleton speaks to Proactive's Andrew Scott after raising close to $2.23mln via a rights offer which complements the $2mln placement completed in April this year. Following the release of the Definitive Feasibility Study (DFS) in August 2019, APC is...

13 hours, 10 minutes ago

2 min read