Centrex Limited announced the signing of an offtake agreement with Ameropa Australia

Centrex Limited (ASX: CXM) announced that its wholly owned subsidiary, Agriflex Pty Ltd, has signed a binding offtake agreement with Ameropa Australia Pty Ltd for the supply of phosphate rock from the Ardmore Phosphate Project. Under the terms of the offtake agreement, Ameropa has committed to purchase between 15,000 to 16,000 tonnes of phosphate from Ardmore in the first year.

The parties will then meet within 120 days of each contract year's end to mutually agree on the tonnages for each subsequent contract year. The phosphate supply under the Offtake Agreement will begin on 01 April 2023. The company has set aside 10% of production at Ardmore to fulfill its projected allocation under the Offtake Agreement.

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