I don't expect news to be forthcoming until early 2008, perhaps it was this mention in a rcent news article that peaked some interest. Excerpt:
"Iron the new gold
CAMERON ENGLAND
October 09, 2007
Centrex Metals currently has two projects on the Eyre Peninsula, with strong demand from its Chinese partners encouraging the fast-tracking of its second deposit. The company's initial project, the Wilgerup deposit, is about 30km southeast of Lock.
Centrex already has contracts in place with two Chinese companies for 10 million tonnes of ore supplied over five years from the start of mining.
Managing director Gerard Anderson has called the project "a very simple mining proposition" which would only cost about $19 million to set up.
The firm hopes to have the project on-line by the second half of next year, creating about 60 jobs.
Centrex also has a deal with one of its Chinese partners to develop its Bungalow magnetite deposit near Cowell.
Under the agreement, Baotou Iron and Steel will spend up to $40 million to progress the deposit to the bankable feasibility study stage.
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