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Centrex Metals Ltd.

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Summary

Project:

Ardmore

Deposit:Ardmore
Location:Australia
Commodities:Phosphate
Date:4/3/2018
Report Code:JORC
Report Type:Exploration/Drilling Update
Project Stage:Pursuing Pre-Feasibility Study
Report details:3-4-2018: Centrex Metals Ltd. announces an Exploration/Drilling Update report for its Ardmore deposit at the Ardmore project. Drilling results incl. 5.5m @ 30.1 P2O5 from 3.5m. Centrex Metals Limited (“Centrex”) has received assay results from 45 reverse
Resources:(not mentioned in this report)
CP/QP:[Overall Report]: Alastair Watts (Internal)
ABSTRACT:Centrex Metals Limited (“Centrex”) has received assay results from 45 reverse circulation (“RC”) drill holes recently completed within the Northern Zone of its Ardmore Phosphate Rock Project (“Ardmore”) in North West Queensland. These holes were part of a larger resource definition drilling program completed in the last few months including 299 rotary percussion drill holes in the Southern Zone of the project. The target of the recent drilling program was to define Measured Mineral Resources over first years of mining plus establish Ore Reserves over the mine life sufficient for a Feasibility Study currently being undertaken and targeted for completion in mid2018. The Northern Zone RC results included both infill and extension drilling to better define the mine design limits and provide higher confidence in the small areas within the existing mine design currently categorised as Inferred Mineral Resources. The results continue to support the high-grade nature of the deposit including a southern extension of mineralisation within the Northern Zone. Those RC holes that did not intersect high-grade were on the north western margin of the ore body and were drilled to delineate the position of the bounding western fault.

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