As part of a previously announced memorandum of understanding (MoU), Centrex’s (ASX:CXM) subsidiary Agriflex has produced a “significant” quantity of dicalcium phosphate (DCP).
The DCP, as well as by-products such as gypsum and calcium fluoride were produced via a flow sheet using sulphuric acid, milk of lime and water.
Centrex, which has a market capitalisation of $48 million, says these commercial products have been produced using the company’s tailings product, Amplify.
CEO Robert Mencel says exploring additional markets, such as DCP, reflects the company’s commitment to maximise the total sales value from its Ardmore deposit.
“Furthermore, the potential to monetise Ardmore’s tailings is particularly attractive, as it could provide an additional revenue stream alongside our existing concentrate sales.”
Agriflex and privately held Cleveland Bay Chemical Company believe the findings are promising and that further investigations are warranted.
Both companies believe the production of the by-products from this process will have a “significant” bearing on the overall financial viability of any proposed commercial-scale facility.
Testwork is ongoing, with further key findings expected within the coming months.
In November 2023, Agriflex entered into a MoU with Cleveland Bay to explore value added processing opportunities for the company’s concentrate and tailings rock phosphate products.
The MoU has been focused on exploring the feasibility of manufacturing DCP for use in animal feed or direct application fertiliser.
Centrex is focused on exploring and developing its wholly owned Ardmore Phosphate Project and Oxley Potash Project.
The products from both projects are necessary ingredients for global food production and human nutrition.
Write to Aaliyah Rogan at Mining.com.au
Images: Centrex
