Centrex Limited (AU:CXM) has released an update.
Centrex Limited is set to become a significant rock phosphate supplier in the Asia-Pacific region, following the successful acquisition of roughly $20 million in combined debt and equity financing for its Stage 1.5 Expansion at the Ardmore Mine. With this funding, the company has commenced expansion initiatives, which are progressing on budget and on schedule, forecasting a 70% increase in sales for the next quarter. The expansion is expected to ramp up annual production to 625,000 tonnes of beneficiated phosphate concentrate by December 2024, significantly boosting Centrex’s capacity and market presence.
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