Centrex Limited (ASX:CXM) Grant Approval Update

Centrex Limited (ASX:CXM) has received conditional approval for a $2 million grant from the Queensland Government's Department of State Development and Infrastructure for its Ardmore Rock Phosphate Mine. The grant is intended to support the ongoing Stage 1.5 Expansion at Ardmore, with the final receipt subject to meeting conditions precedent and providing required documentation.

CEO Robert Mencel's Perspective

We are thrilled to receive this approval from the State of Queensland, which underscores the significant economic impact that Ardmore is poised to have on the Mount Isa region. This funding will contribute significantly to driving economic growth and creating employment opportunities in regional Australia, including for First Nations communities. We look forward to further contributing to the prosperity of the Mount Isa region as we continue to scale production at Ardmore.

Summary and Outlook

Centrex Limited (ASX:CXM) has secured conditional approval for a $2 million grant from the Queensland Government's Department of State Development and Infrastructure for its Ardmore Rock Phosphate Mine. The funding, if granted, is expected to contribute towards the capital expenditure requirements of the ongoing Stage 1.5 Expansion at Ardmore. CEO Robert Mencel highlighted the significant economic impact and the potential to create employment opportunities in the Mount Isa region. The company anticipates being able to provide and execute the required documentation for this grant funding over the coming weeks. This announcement reflects Centrex's commitment to contributing to the prosperity of the Mount Isa region and its ongoing efforts to scale production at Ardmore.