https://www.engineeringnews.co.za

NAIF looking at Ardmore - Centrex

23rd May 2019

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

     

Font size: - +

PERTH (miningweekly.com) – The Northern Australian Infrastructure Facility (NAIF) has completed a strategic assessment of the Ardmore phosphate rock project, in Queensland, and will now proceed to a due diligence investigation, ASX-listed Centrex Metals said on Thursday.

An optimised definitive feasibility study recently estimated that the Ardmore project would require a capital investment of A$69-million to support a yearly production of 800 000 t/y with a mine life of ten years.

Centrex is targeting an initial 30 000 t of production from the plant to provide potential customers with 5 000 t trial shipments in order to secure offtake to support full-scale project financing.

The company told shareholders on Thursday that the A$5-billion NAIF had not yet made a decision to offer a loan or provide financial assistance of any sort for the Ardmore project, but added that the company would continue to work with the NAIF and provide the necessary assistance with the due diligence process.

To watch Creamer Media's latest video reports, click here
 

Edited by Creamer Media Reporter

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

Bell Equipment
Bell Equipment

As one of South Africa's leading manufacturers, Bell Equipment distributes and exports its wide range of heavy equipment globally to mining,...

VISIT SHOWROOM 
SABAT
SABAT

From batteries for boats and jet skis, to batteries for cars and quad bikes, SABAT Batteries has positioned itself as the lifestyle battery of...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







301

sq:0.072 1.194s - 140pq - 2rq
Subscribe Now