Australia's Centrex surges on shipment deal for Admore phosphate project

Centrex

12/05/2022 04:54

** Shares of the mineral resource explorer  CXM.AX  advance
as much as 8.3% to A$0.130 
    ** CXM logged gains for two straight days after losing for
three consecutive sessions previously  
    ** Co says unit executed deal for a trial shipment with New
Zealand-based agricultural science and technology co Balance
Agri-nutrients   urn:newsml:reuters.com:*:nASX2N07mf
    ** Says deal for sale of 5,000 wet tonnes of phosphate rock
trial shipment to Balance 
    ** Says deal includes a first right of refusal for Balance
to purchase 20% of co's Admore mine's annual production for the
first three years 
    ** Stock up 52.9% this year, as of last close, vs 6.2%
decrease in the benchmark S&P/ASX 200 index  .AXJO  


 (Reporting by Roushni Nair in Bengaluru)
 ((Roushni.Nair@thomsonreuters.com;))