Centrex Metals Limited (‘CXM’) was incorporated on 23 March 2001.
In July 2006 the Company listed on the Australian Securities Exchange (‘ASX’) on the development of iron ore projects in South Australia.
In July 2010 CXM signed two very significant joint venture agreements with Chinese steel companies.
Baotou Iron & Steel Group Company Limited (‘Baotou’) signed an agreement covering the Bungalow tenement and Wuhan Iron & Steel (Group) Co.
(‘WISCO’) signed an agreement covering 5 tenements in the southeast of the Eyre Peninsula.
Prior to the deterioration of the iron ore market, the Company anticipated the oversupply of iron ore and began a process of diversification into other bulk commodities.
Centrex is branching out and pioneering exploration of resources that meet the world’s needs.
Agriflex is our agriculture resource company, currently it is fertiliser focused and has a project developed in Ardmore encompassing a high-grade phosphate rock deposit in Queensland. It is scheduled to produce trial product shipments in mid-2022 before moving into full-scale development in 2024. Agriflex’s Ardmore project will be the only developed phosphate mine in Australia exporting products offshore. Agriflex is also undertaking targeted phosphate rock exploration not only in Queensland but also the North Territory to expand its phosphate resource base. We have also progressed a large scale potassium nitrate mining technology project in Western Australia and are now seeking a project partner to advance to the next stage.