— In addition to the three Guelb el Aouj deposits, the JV Area contains Tintekrate and Bou Derga, two magnetite deposits estimated to contain in excess of 1 billion tonnes of high quality material, which the JV partners will study for future expansion options.

In mid-2009 Sphere announced that it has re-evaluated its Mauritanian iron ore properties and has set Exploration Targets totalling 1,030Mt-1,500Mt of magnetite-quartzite mineralisation, additional to the 800-1,050Mt Exploration Targets for Bou Derga and Tintekrate already announced.

The proposed project would consist of: exploitation of an iron ore deposit near Belo Horizonte by construction of facilities for open pit mining, of an ore preparation plant and installation of loading equipment at the mine; improvement of way and structure and purchase and operation of rolling stock of RFFSA to transport ore 640 kms from the ...

 — Feasibility Study for the development of its 50% owned El Aouj Iron Ore Project based on the El Aouj East deposit. The project is based on the production of a sinter feed product derived from fresh magnetite ore beneficiated to produce a 66.5%Fe concentrate. Previous announcements highlighted that Sphere has undertaken an …

Our owned flagship Baniaka iron ore project located in south-east Gabon, has been awarded a large-scale, 20-year mining permit to support a starter 5Mtpa operation, which is expected to be Gabon's first large-scale iron ore mine.

There have been no changes to the Mineral Resources at Lebtheinia, Guelb el Aouj East, Bou Derga, Tintekrate and Askaf North. Ore Reserves for El Aouj and Askaf have been updated as studies and planning for both projects have progressed. Mineral Resources and Ore Reserves in this report are reported in accordance with the 2012

 — High-grade hematitic iron ores (or HIF, containing 60–65 wt% Fe) have been mined in Mauritania since 1952 from Superior-type iron deposits of the F'derik-Zouérate district. Depletion of the high-grade ores in recent years has resulted in new...

 — MAGNETITE IRON ORE DEPOSIT, MAURITANIA Sphere Minerals Limited (Sphere) (ASX Code SPH) is pleased to announce an update to its Mineral Resource estimate for its 50% owned Guelb el Aouj East magnetite deposit, Mauritania (Figure 1, Figure2), covering the total Guelb el Aouj East deposit.

 — Sphere Investments will assess the exploration potential of its Bou Derga and Tintekrate magnetite deposits in Mauritania, after receiving positive early indications from a feasibility study at the nearby Guelb el Aouj iron ore project.

Given the strong demand for DR pellets from the Gulf region, and the interest expressed by Hadeed and QASCO in expanding the resource base within the Joint Venture Area (JVA), Sphere will shortly commence a reconnaissance diamond drilling program on the two southern deposits in the JVA.