Founded in 2001, Centrex Metals was listed on the Australian Securities Exchange in 2006 with the aim of developing several iron ore projects on the Eyre Peninsula, South Australia.
Subsequently, the company sold off its South Australian assets, dissolved its joint ventures, and repositioned itself to be an organic fertiliser producer.
Centrex Metals acquired the Oxley potassium project, 125 kilometres (78 miles) south-east of the port of Geraldton, Western Australia in 2015, and the Ardmore phosphate rock project, 130 kilometres (81 miles) south of Mount Isa, Queensland, in 2017.
[3][7] The project at Oxley is based on a 32 kilometres (20 miles) globally rare ultrapotassic lava flow, dominantly composed of potassium feldspar.
[3] In 2016, the company also reported active exploration for zinc and copper near Goulburn in the Lachlan Fold Belt of New South Wales.