Centrex metals receives stamp duty refund from the state government CENTREX Metals has received a $5.9 million stamp duty refund from the South Australian Government. The iron ore company said the stamp duty was paid in relation to contingent resource incentive payments under Centrex's joint venture agreement on the Eyre Peninsula with Wuhan Iron and Steel Co. "Centrex renegotiated aspects of the joint venture with WISCO in November under a second supplementary deed, which included providing a funding path through to a bankable feasibility study in return for relinquishment of the contingent resources incentive payments," the company said. As such the company applied for and has received a refund of the stamp duty it had paid in relation to the payments. The second supplementary deed negotiated with WISCO has also seen the joint venture's flagship Fusion project move into an expanded pre-feasibility study. The study is to be funded by existing joint venture funds plus an additional $10 million to be contributed by the partners in proportion to their interest. Centrex said subject to successful exploration drilling the company would consider using the money to fund its 40 per cent contribution to the remainder of the PFS. Centrex shares closed steady on 13c.