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Centrex Metals Company Secretary Steps Down

Centrex Metals (ASX: CXM) company secretary and legal counsel Alison Evans has stepped down from her role with the company.

Gavin Bosch, general manager finance and currently joint company secretary, will assume the company secretarial duties until a replacement is appointed.

Centrex and partner Wuhan Iron & Steel (WISCO) have defined an Inferred and Indicated JORC Resource of 499 million tonnes for their Fusion magnetite iron project and started a A$45 million Definitive Feasibility Study (NYSE:DFS) that is scheduled to be completed early in 2013.

WISCO, the world's fourth largest steelmaker, is funding the first A$75 million of exploration and study costs, enough to complete a DFS for the initial magnetite iron ore project.

Work continues on the DFS, with a focus on resource definition for the project's Koppio, Brennand and Kapperna deposits.

More than 18,500 metres of diamond and geotechnical drilling was completed over the three deposits during the September 2012 quarter, and drilling is expected to increase in the December quarter.

With drilling in the Koppio, Brennand and Kapperna areas well underway, the decision was made to begin drilling on the Bald Hill deposit to potentially expand Fusion's resource base.

Resource updates are expected in the March 2013 quarter.

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