Centrex to concentrate on Ardmore phosphate project-AUSTRALIA

摘要

Centrex Metals is selling its Port Spencer landholding in South Australia to FREE Fyre,a local rural investment business,for A$1.4 million.The company had been looking to develop the port for the export of bulk commodities,including the company’s iron ore project.However,Centrex says it has now taken a strategic decision to switch out of iron ore and into the fertilizer market,using the proceeds from the sale of Port Spencer into its flagship Ardmore phosphate rock project in Northwest Queensland,which the company says is’fast approaching’production.