Iron Road Limited can earn a 90% interest in the iron ore rights within the Central Tenements Area (CTA) by both sole funding exploration and issuing $1 million worth of stock (or 2% of the company’s equity, if a higher value).

In 2010, Iron Road Limited (IRL) have confirmed that they have met the expenditure requirement to earn a 51% interest in the rights to iron ore within certain of Dominion?s Gawler tenements and that they intend to continue with the farm–in agreement. Under the agreement, IRL are required to issue Dominion with $500,000 worth of IRL shares and can then earn an additional 39% of the rights to iron ore by additional expenditure of $2 million and the issue of additional equity by August 2011.

They are targeting magnetite mineralization similar to that in their Warramboo Project area. 

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