Australia's Centrex jumps on Queensland project production, outlook

Centrex

06/11/2023 03:39

** Shares of Australia's Centrex  CXM.AX  climb as much as
10.2% to A$0.065, set to rise most since Aug. 15 if gains hold 
    ** Mineral explorer says it mined over 105,000 tonnes of
material in October from its Ardmore Phosphate Project in
Queensland, up from 80,974 tonnes in the previous month
    ** Says co sees Ardmore production of 56,000 tonnes of
beneficiated concentrate in HY, up from previous forecast of
50,000 tonnes
    ** Adds it sees achieving annualised production rate of
240,000 tonnes per annum by January for Ardmore project, three
months earlier than previously scheduled
    ** Stock hits highest level since Oct. 26
    ** More than 1.5 mln shares change hands, compared with the
30-day average volume of 546,384
    ** Stock down 54.6% YTD, as of last close

 (Reporting by Aaditya Govind Rao in Bengaluru)
 ((Aaditya.govindrao@thomsonreuters.com;))