AXF has secured exclusive licence to explore for iron ore on the Mt Anderson tenements in the Yilgarn area of Western Australia, and the right to farm-in to the right to mine iron ore from the tenements for the purposes of exploring for, developing, mining and processing iron ore.
Mt Anderson is one of the largest and best quality magnetite projects in Western Australia. The project is located in the mid-West of Western Australia just 550kms from the open access port at Geraldton.
An electro-magnetic survey has been undertaken with an exploration program to commence in 2018. AXF aims to demonstrate capacity of production at a small scale initially, implementing full scale production when benchmark prices rise.