Centrex improves Ardmore

LESS than six months on from delivering a definitive feasibility study for its Ardmore phosphate project in Queensland, which showed higher costs than expected, Centrex Metals has sharpened its pencil and optimised the 800,000 tonnes per annum project and improved the profitability substantially.

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Admore should be in production within months.

The October DFS delivered a nominal pre-tax NPV10 of A$172 million, internal rate of return of 40% and a four-year payback period for the decade-long life, but work has been able to improve the NPV by

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