Sphere Minerals Limited (Sphere) is an Australia-based iron ore company with a focus in West Africa. The Company has three iron ore projects in Mauritania. Its projects include Guelb el Auoj, Lebtheinia and Askaf. The Company's flagship project is 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 Societe Nationale Industrielle et Miniere (SNIM), Mauritania's state-owned iron ore producer. The Sphere has an exploration license for EL264, which covers the Lebtheinia magnetite-quartzite deposits. The Lebtheinia deposit is strategically located 145 km (kilometers) from the iron ore port of Nouadhibou. The Askaf Project covers the exploitation license n1620, located 35km south of the Guelb el Aouj Project Area and adjacent to SNIM's iron ore railway. The 194 square kilometers Askaf exploitation license includes six magnetite-quartzite deposits.