Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-2

n its first year of production, Centrex’s wholly owned subsidiary Agriflex Pty Ltd sold 73,644 tonnes of beneficiated phosphate rock. Excluding the four trial shipments, the Company averaged AUD$402 (USD $271 at a A$0.6735 average RBA exchange rate) per tonne of beneficiated rock through sales negotiations with its customers. This is a pleasing result given that shipments did not meet the preferred commercial minimum size (15,000 tonnes) until May 2023.

considering they anticipate costs down to 180 a tonne AUD once stage 1.5 is complete, I imagine the cost per tonne of the full size operation with rail, would be significantly less. Bids well for any fall in phosphate prices long term.