Sphere Investments Limited is a West African focused iron ore company which is listed on the Australian Securities Exchange and Dubai International Financial 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. An extensive drilling campaign is currently underway to prove an inferred resource, with results expected to be announced in Q3, 2008.