Sphere Investments Limited is a West African focused iron ore company which is listed on the Australian Securities Exchange (Code: SPH).

Guelb el Aouj

The Company’s flagship project is the the Guelb el Aouj Iron Ore (magnetite) Project in Mauritania, West Africa. Sphere is developing the Guelb el Aouj Iron Ore Project in partnership with Société Nationale Industrielle et Minière (SNIM), Mauritania’s state-owned iron ore producer.

The Guelb el Aouj project will include an open cut mine, beneficiation and pelletising plants to produce high grade Direct Reduction (DR) pellets for export, utilising joint venture partner SNIM's existing iron ore railway and port infrastructure.

Lebtheinia

Sphere has an exploration licence for EL264 which covers the Lebtheinia magnetite-quartzite prospect. The prospect has a strike length of 24km and is strategically located 50km from SNIM’s railway line.  In April 2009 Sphere Investments announced an updated JORC Code compliant Mineral Resource of 2,533 million tonnes (Mt) for Lebtheinia Centre Deposit, one of four deposits contained in two adjacent licenses that are 100% owned by Sphere. This Mineral Resource includes 2,179Mt of Indicated Resource and 354Mt of Inferred Resource.