Name:
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Sphere Investments Limited
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Business Description:
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Sphere is a West African iron ore exploration and development company operating in Mauritania. Sphere is developing the 7Mtp/a Guelb el Aouj iron ore DR pellet project; the first pellet plant to be developed in the rich iron ore regions of Mauritania.
In addition to the Guelb el Aouj DR pellet project, Sphere and its partner SNIM own two other magnetite deposits in the south of the JV area which have the potential to contain over a billion tonnes of rich magnetite-quartzite capable of supporting additional pellet expansion projects in the JV area.
Sphere also owns 100% of the BF grade magnetite deposits Lebtheinia and EL 172 which is located 50 km from SNIM’s railway and 180 km from the iron ore port of Nouadhibou. An extensive drilling campaign is currently underway at Lebtheinia, with an inferred resource expected to be announced in the Q3, 2008.
view Corporate Overview
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Established:
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Listed on the Australian Securities Exchange in 1986
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Shares on Issue:
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147,834,151 issued shares
6,520,000 unlisted options
view Capital Structure
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Listings:
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Australian Securities Exchange & Dubai International Financial Exchange (Code: SPH)
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Market Capitalisation:
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Approximately $ 303 M (147,834,151 shares x $2.05 closing price) as at 25th July, 2008
view Share Price Information
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Head Office:
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680 Murray Street
WEST PERTH 6005
Western Australia
Australia
info@sphereinvestments.com.au
+61 8 9322 5222
+61 8 9322 5444
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Managing Director:
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Mr Alexander Stuart Burns
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Company Secretary:
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Mr Robert Samuel (Sam) Middlemas
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