Centrex hits over 2-month high on securing logistics for phosphate project

Centrex

10/02/2023 01:35

** Shares of Centrex Ltd  CXM.AX  rise as much as 3.1% to
A$0.165 - hitting their highest level since Nov. 21, 2022
    ** Co says its unit, Agriflex Pty Ltd, has signed binding
transport and logistics services agreement with Australian
freight operator Aurizon  AZJ.AX 
    ** Adds that agreement provides logistics security for four
years for co's Ardmore Phosphate Rock Project, located in
Queensland
    ** Says Aurizon will procure additional infrastructure to
meet Ardmore's requirements during production ramp up period  
    ** Stock on track for its third straight session of gains
    ** Stock has risen 23.1% this year, as of last close
 (Reporting by Jaskiran Singh in Bengaluru)
 ((Jaskiran.Singh@thomsonreuters.com;))