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Port Spencer May 2013 ASX Announcement PORT SPENCER General Manager 24th May 2013 The Company Announcements Office Australian Securities Exchange Electronic Lodgement System Dear Sir/Madam SA GOVERNMENT DECLARES “MAJOR PROJECT STATUS” FOR STAGE 2 OF PORT SPENCER DEVELOPMENT Highlights · Major Project Status given by the South Australian Government for Stage 2 of the Port Spencer Development. · Stage 2 Development includes processing facilities for the Eyre Iron Magnetite Joint Venture, a slurry pipeline to the port, along with dewatering facilities, storage shed and desalination plant located at the port. Summary Centrex Metals Limited (“Centrex”) announces that development of Port Spencer on the Eyre Peninsula South Australia has moved a step closer following the State Government declaring Stage 2 of the development a Major Project. TheFor personal use only Port Spencer Stage 2 Development includes the addition of the Eyre Iron Magnetite Joint Venture processing plant located near the town of Koppio, a 40km slurry pipeline and return water pipeline to the port, dewatering facilities, a magnetite concentrate storage shed and a modular desalination plant all located at Port Spencer. ASX Announcement — May 2013 The declaration, by South Australia’s Deputy Premier and Minister for Planning, Mr. John Rau, follows Stage 1 of the port development gaining provisional development approval in December 2012. Gaining major project status will provide further certainty for the Port Spencer development by allowing the State Government to set guidelines on how the expanded project will be assessed. It is also another step forward for the Company’s Eyre Peninsula iron ore projects, which require an efficient and low-cost route to market via the proposed export facilities at the port. Go-ahead for the port however awaits approval of at least one of the company’s proposed large scale mining operations to underpin the required port capital. The long-term vision is the development of a multi-user port servicing numerous Centrex and third party mines in the region along with grain exports. Centrex iron ore projects on the Eyre Peninsula include; • Eyre Iron Magnetite Joint Venture with Wuhan Iron & Steel (Group) Co. approximately 40km by slurry pipeline from Port Spencer • Bungalow Magnetite Joint Venture with Baotou Iron & Steel Group approximately 100km by slurry pipeline from Port Spencer • The wholly owned Wilgerup DSO Hematite Project approximately 110km by road from Port Spencer. • The wholly owned Kimba Gap magnetite deposit 150km north of Port Spencer. For further information please contact: Ben Hammond Steve Brown Acting CEO CEO Centrex Metals Limited Port Spencer Pty Ltd Ph (08) 8100 2200 Ph (08) 8221 6177 For personal use only CENTREX METALS LIMITED Unit[Type 1102, text] 147 Pirie Street, Adelaide, South Australia, 5000 | P: +61 8 8100 2200 | centrexmetals.com.au | ABN 97 096 298 752 UNIT 1102, 147 PIRIE STREET ADELAIDE SA 5000 PHONE: +61 8 8100 2200 MEDIA RELEASE May 24, 2013 SA Government Declares ‘Major Project Status’ for Centrex Metals Port Spencer - Stage 2 Development Centrex Metals Limited (ASX:CXM) says development of Port Spencer on the Eyre Peninsula has moved a step closer following the State Government declaring Stage 2 of the development a Major Project. Port Spencer Stage 2 includes the addition of the Eyre Iron magnetite processing plant near Koppio, a 40 kilometre slurry pipeline and return water pipeline to Port Spencer, dewatering facilities, a magnetite concentrate storage shed and a modular desalination plant located at Port Spencer. The declaration, by SA’s Deputy Premier and Minister for Planning, Mr John Rau, follows Stage 1 of the project gaining provisional development approval in December 2012. Centrex Acting Chief Executive Officer, Mr Ben Hammond, said gaining major project status will provide further certainty for the Port Spencer development by allowing the State Government to set guidelines on how the expanded project will be assessed. “It is also another step forward for Centrex Metals Eyre Peninsula iron ore projects, which require an efficient and low-cost route to market via the proposed export facilities at Port Spencer,” he said. “Go-ahead for the port however awaits approval of at least one of the company’s proposed large scale mining operations to underpin the required port capital.” For personal use only “The long-term vision is the development of a multi-user port servicing numerous Centrex and third party mines in the region along with grain exports.” Centrex Projects on the Eyre Peninsula include:- · Eyre Iron Magnetite Joint Venture with Wuhan Iron & Steel (Group) Co. approximately 40 kilometres by slurry pipeline from Port Spencer · Bungalow Magnetite Joint Venture with Baotou Iron & Steel Group approximately 100 kilometres by slurry pipeline from Port Spencer · The wholly owned Wilgerup DSO Hematite Project approximately 110 kilometres by road from Port Spencer. · The wholly owned Kimba Gap magnetite deposit 150km north of Port Spencer. For further information, please contact Ben Hammond Acting CEO Centrex Metals Ph: 08 8100 2200 Steve Brown CEO Port Spencer Pty Ltd. Ph: 08 8221 6177 For personal use only.
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