Centrex signed a deal with Ravensdown Limited for Trial Shipment

Centrex Limited’s (ASX: CXM) subsidiary Agriflex Pty Ltd announced has signed a deal with Ravensdown Limited for a 5,000 wet tonnes beneficiated phosphate rock trial shipment and a first right of refusal to buying 20% of the Ardmore mine’s annual production for the initial three years. The First Right is exercisable within 45 days of Agriflex providing notice of its good faith estimate of Available Production for a 3 year period.

The 5,000 wet tonne shipment has been sold on a free on board basis, to be loaded Townsville, Queensland for loading first half of September 2022. The trial shipment has been sold at a price consistent with current market pricing.

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