Centrex Limited (AU:CXM) has released an update.
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Centrex Limited has renegotiated its logistics agreement with Aurizon, extending the deal until January 2029 and improving financial flexibility by deferring payments and removing a lien on its product. The arrangement also includes a provision for monthly instalment payments for the first year’s minimum charge, already accounted for in the 2024/2025 budget. Centrex’s CEO expressed gratitude for Aurizon’s support and anticipates exceeding minimum volume thresholds in future years due to an ongoing expansion project.
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