Centrex Metals

Last updated

Centrex Metals
ASX:  CXM
Industry Agriculture
Mining
Founded2001
Headquarters,
Australia
Key people
Peter Hunt (Chairman)
Robert Mencel (Managing Director)
Website www.centrexmetals.com.au

Centrex Metals Limited is an Australian resources exploration and mining company.

History

Founded in 2001, Centrex Metals was listed on the Australian Securities Exchange in 2006 with the aim of developing several iron ore projects on the Eyre Peninsula, South Australia. [1] [2] [3] It also had interests in Western Australia and Queensland.

Subsequently, the company sold off its South Australian assets, dissolved its joint ventures, and repositioned itself to be an organic fertiliser producer. The proposed site of Port Spencer, the company's original intended export point for Eyre Peninsula iron ore, was sold to prospective grain exporters, Free Eyre in 2019. [4] The sale included the port's development plans and approvals [5] which have since been amended and optimised for grain handling by Peninsula Ports.

Centrex Metals acquired the Oxley potassium project, 125 kilometres (78 miles) south-east of the port of Geraldton, Western Australia in 2015, and the Ardmore phosphate rock project, 130 kilometres (81 miles) south of Mount Isa, Queensland, in 2017. [3] [6]

The Ardmore project is the company's principal operation. It is based on a shallow, high-grade phosphate deposit. As of 2021, the company had begun small-scale production, planning to ramp up significantly by the end of 2024. [3] [7]

The project at Oxley is based on a 32 kilometres (20 miles) globally rare ultrapotassic lava flow, dominantly composed of potassium feldspar. [8] As of 2021, the company was seeking a partner to advance it to the next stage. [3]

In 2016, the company also reported active exploration for zinc and copper near Goulburn in the Lachlan Fold Belt of New South Wales. In 2019 it described the project as "drill-ready". [9]

Related Research Articles

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The Spencer Gulf is the westernmost and larger of two large inlets on the southern coast of Australia, in the state of South Australia, facing the Great Australian Bight. It spans from the Cape Catastrophe and Eyre Peninsula in the west to Cape Spencer and Yorke Peninsula in the east.

<span class="mw-page-title-main">Port Lincoln</span> City in South Australia

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<span class="mw-page-title-main">Eyre Peninsula</span> Place in South Australia

The Eyre Peninsula is a triangular peninsula in South Australia. It is bounded by the Spencer Gulf on the east, the Great Australian Bight on the west, and the Gawler Ranges to the north.

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<span class="mw-page-title-main">Lock, South Australia</span> Town in South Australia

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Iron Road Ltd is an Australian iron ore exploration and mining company, listed on the Australian Securities Exchange in Perth, Western Australia since 2008 with an objective to develop a world class magnetite mine and infrastructure in South Australia. Its two projects were the Central Eyre Iron Project (CEIP), the planned output of which was to be 24 million tonnes per annum of approximately 67 per cent iron concentrate for almost 30 years; and the Gawler Iron Project, in abeyance as of 2021. The company's corporate office is in Adelaide.

Cape Hardy is a 20 m (66 ft) high, dune-capped granite headland on the eastern coast of Eyre Peninsula and which protrudes into Spencer Gulf in South Australia. It is located between the towns of Port Neill and Tumby Bay, 10 km (6.2 mi) north-northeast of Lipson Cove.

Koppio is a locality in the Australian state of South Australia located on the Eyre Peninsula about 256 kilometres (159 mi) west of the state capital of Adelaide and about 32 kilometres (20 mi) north of Port Lincoln, and within the Tod River catchment area. While long-established agricultural activities dominate the region is also prospective for graphite and iron ore. The Koppio Smithy Museum is a local tourist attraction replete with buildings and artifacts representing the early pioneer heritage of Eyre Peninsula.

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Gordon Toll is a career mining industry professional and company director, with long term interests in iron ore mining and magnetite project development. In 2020 he was appointed non-executive director of Free Eyre Ltd and its subsidiary Peninsula Ports Pty Ltd, with the expectation of the company realising the Port Spencer project in South Australia ahead of the summer of 2020-21.

References

  1. Company History Centrex Metals
  2. Centrex Metals Limited: Admission to Official List Australian Securities Exchange 18 July 2006
  3. 1 2 3 4 Spence, Andrew (30 August 2021). "Iron ore company targets organic farmers". InDaily . Solstice Media. Retrieved 30 August 2021.
  4. Sale of Port Spencer Land Holding Centrex Metals 31 December 2018
  5. Fogden, Alisha (5 June 2019). "Land bought for new EP port". Stock Journal . Retrieved 2 September 2021.
  6. Aussie SSP shores up shaky supply chain Farm Weekly 23 September 2017
  7. Ardmore Centrex Metals
  8. Oxley Centrex Metals
  9. Goulburn Centrex Metals