Sundance Resources Limited (ASX: SDL), delisted from the Australian Securities Exchange in December 2020, represents an Australia-based iron ore exploration and development company focused on advancing the Mbalam-Nabeba Iron Ore Project spanning the Republic of Cameroon and Republic of Congo in central-west Africa; the project encompasses large-scale deposits targeted for stage one production of direct shipping ore-quality high-grade hematite sinter fines exceeding 62% Fe at 40 million tonnes per annum for approximately 12 years, followed by stage two production of itabirite hematite concentrate at 35 million tonnes per annum for at least 15 additional years, supported by integrated mine-to-port infrastructure including a 510km railway to the deep-water port at Kribi, Cameroon. The company, originally listed as St Francis Mining Ltd in 1993 and renamed Sundance Resources Limited in 2003, maintains its registered office at 45 Ventnor Avenue, West Perth, Western Australia. Operations target emerging African iron ore provinces with potential extensions into copper projects in Bolivia and Chile.
In recent developments, Sundance pursues international arbitration proceedings at the International Chamber of Commerce against the Republic of Cameroon for failing to implement Cam Iron's exploitation permit and granting rights to third parties, with hearings scheduled in Paris and arbitral awards anticipated by November 2025; a settlement reached with the Republic of Congo in July 2024 resolved prior disputes over Congo Iron's mining permit withdrawal without impacting the Cameroon case. Earlier strategic efforts included a terminated 2018-2020 placement agreement with AustSino Resources Group Limited for $58 million to fund project advancement and noteholder restructuring, alongside multiple extensions amid funding delays and COVID-19 disruptions; the company also served notices of dispute in December 2020 to seek compensation for breaches of mining conventions. Sundance lodges periodic financial reports with ASIC and continues legal and project de-risking activities despite delisting.