Centrex Limited (ASX: CXM) provides an update on the Ardmore Mine, fully owned by its subsidiary, Agriflex Pty Ltd, reporting a substantial increase in October's mining operations, extracting over 105,000 tonnes of material, with approximately 31,000 tonnes of ore. Notably, the initial stage of the new crushing circuit was installed and successfully launched on-site, enhancing capacity to approximately 100 tonnes per hour. A subsequent stage is set for delivery and commissioning by late November, aimed at reaching a total capacity of 275 tonnes per hour, reducing overall crushing expenses.
With ambitions to elevate shipment sizes to 30,000 tonnes by mid-next year, Centrex anticipates scaling Ardmore Mine's operations. Presently, they have over 6,000 tonnes of prepared concentrate and 14,000 tonnes on drying pads, aiming to introduce a new sub 5% moisture product in early January 2024. Anticipating a rise in production, the company aims for 56,000 tonnes of beneficiated concentrate in the first half of this financial year and projects a rate of 240,000 tonnes annually by January 2024, three months ahead of schedule.
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