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Centrex Metals Ltd.

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Summary

Project:

Ardmore

Deposit:Ardmore
Location:Australia
Commodities:Phosphate
Date:1/15/2018
Report Code:JORC
Report Type:Scoping Study
Project Stage:Pursuing Pre-Feasibility Study
Report details:15-1-2018: Centrex Metals Ltd. announces a Scoping Study report for its Ardmore deposit at the Ardmore project. Scoping Study results incl. LOM 10yrs, pre-tax IRR 39%, NPV $93M. Centrex Metals Limited (“Centrex”) has completed a Scoping Study for its Ardm
Resources:(Resource, Total): 14.2Mt @ 28.7% P2O5 at project
CP/QP:[Overall Report]: Sharron Sylvester (OreWin Pty Ltd.)
ABSTRACT:Centrex Metals Limited (“Centrex”) has completed a Scoping Study for its Ardmore Phosphate Rock Project (“Ardmore”) located in North West Queensland. Ardmore is one of the few undeveloped high-grade phosphate rock projects in the world. Since a successful acquisition of the project in June 2017, Centrex has been undertaking a Feasibility Study for the project due for completion in mid-2018. In order to provide conceptual economics on the project to the market at an earlier date, a Scoping Study was undertaken in parallel. The Scoping Study was based on the recent Mineral Resource update announced by the Company released in December 2017 with total Measured, Indicated and Inferred Mineral Resources of 14.2 million tonnes at 28.7% P2O5 using a 19% P2O5 grade cut-off (see Table 1). The results were reported under JORC 2012 and Centrex is not aware of any new information or data that materially affects the information contained within the release. All material assumptions and technical parameters underpinning the estimates in the announcement continue to apply and have not materially changed. The Scoping Study capital cost estimate has been prepared to an accuracy of +/-50% and the operating costs estimates to +/-30%. The study was compiled by Centrex senior management with considerable input from a number of vendors, contractors, and consultants including;

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