PERTH (miningweekly.com) – Junior Centrex has inked a binding offtake agreement with agri-business Ameropa Australia for the purchase of phosphate from the Ardmore phosphate mine, in Queensland.
Under the terms of the agreement, Ameropa will purchase between 15 000 t and 16 000 t of phosphate in the first year of the offtake agreement. The parties will then meet to agree on a tonnage for each of the subsequent years of the offtake agreement, which will span a total of 2.75 years.
“The signing of this offtake agreement with Ameropa is a significant milestone for Centrex and the Ardmore phosphate project and we look forward to the first year of committed sales and working with Ameropa with further sales moving forward,” said Centrex MD Robert Mencel.
“Ameropa is a well-respected and first-class fertilizer business who we are pleased to be working with moving forward.”
The offtake agreement is expected to start in April this year.
Centrex said on Friday that the company had set aside 10% of production at Ardmore to fulfil its projected allocation under the offtake agreement.