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Centrex Limited ( (AU:CXM) ) just unveiled an update.
In its quarterly report for December 2024, Centrex Limited announced significant operational updates at the Ardmore Mine, including stabilizing operating metrics through planned reductions in mining activities to improve cash flow and manage stockpiles. The company celebrated a milestone with the largest shipment to date and a landmark export to India, highlighting its strategic international outreach. Additionally, Centrex secured potential funding from Export Finance Australia and launched a $10.4 million Entitlement Offer to support expansion efforts, indicating a strategic push towards enhancing export capabilities and operational growth.
More about Centrex Limited
Centrex Limited operates within the mining industry, primarily focusing on phosphate rock mining through its wholly owned subsidiary, Agriflex Pty Ltd. The company is centered on the Ardmore Phosphate Rock Mine, aiming to produce premium phosphate concentrate for high-demand markets, including its offtake partners.
YTD Price Performance: 40.0%
Average Trading Volume: 1,404,270
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$14.75M
For detailed information about CXM stock, go to TipRanks’ Stock Analysis page.
