PRL Global Reports Operational Progress Across Key Assets
PRL Global (ASX:PRG) reports continued operational progress across its portfolio, including Ardmore ramp-up and logistics negotiations, improved Christmas Island performance following infrastructure repairs, and ongoing growth in fertilizer trading via Liven Nutrients in Australia and overseas, according to an Australian bourse filing on Tuesday after market hours.The company's Ardmore operation is advancing as expected, with capital works, infrastructure upgrades, workforce setup, and early logistics execution all progressing according to plan, per the filing.The company has completed two shipments totaling over 55,800 metric tonnes of rock phosphate and is in final negotiations to move from containerized exports to a more cost-efficient bulk logistics model to improve scalability and margins, the filing said.Operations at Christmas Island have recovered after weather-related infrastructure damage, and restored capacity is now enabling higher phosphate throughput.The company, through its Liven Nutrients joint venture, expanded its fertilizer trading footprint, supplying 295,905 metric tonnes of urea in Australia this financial year, and more than two million tonnes globally, supported by new warehousing in Geelong, the filing added.
