Centrex Successfully Secures AU$10 million for Ardmore Expansion

Centrex Limited (ASX: CXM) announces the completion of an AU$8 million share placement, with binding commitments from new and existing investors. Concurrently, the company launched a AU$2 million Share Purchase Plan (SPP) for eligible shareholders. The funds will support the Stage 1.5 Expansion at the Ardmore Rock Phosphate Project, covering the construction of additional infrastructure and enhancing working capital for production scaling.

The Placement and SPP, both priced at AU$0.057 per share, aim to raise a total of approximately AU$10 million. Centrex targets the production of 440,000 tons of phosphate concentrate by 2024, with a goal of reaching an annualized run-rate of 625,000 tons by December 2024.

Customer Notice:

Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.

Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com