Centrex Unit Secures Letter of Indication for Potential Queensland Project Funding; Shares Rise 3%

MT Newswires Live

2024/10/29

Centrex (ASX:CXM) subsidiary, Agrflex, secured a non-binding, conditional letter of indication from Export Finance Australia to strengthen the export capabilities of the Ardmore rock phosphate mine in Queensland, according to a Tuesday filing with the Australian bourse.

The proposed loan facility is up to $3.5 million and is subject to due diligence, binding legal documentation, and approval from Export Finance Australia's board, the miner said in the filing.

The company's shares rose almost 3% in recent Tuesday trade.

Price (AUD): $0.04, Change: $+0.00100, Percent Change: +2.86%

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