Central Iron Ore Limited
Central Iron Ore Limited (TSXV:CIO) -- a legacy company name; the company is a gold explorer/developer, not an iron ore producer -- holds a 100% interest in the South Darlot Gold Project (324 sq km, Kalgoorlie region, Western Australia), within 10 km of Vault Minerals' (formerly Red 5's) Darlot mine. Its core asset is the wholly-owned British King Mine, which carries an NI 43-101 Mineral Resource (technical report filed 23 Oct 2025) of 120,000 indicated tonnes at 5.1 g/t Au plus 50,000 inferred tonnes at 2.9 g/t Au. A second deposit, the British King Extensions, is held via the 70%-owned South Darlot Joint Venture and carries a separate resource of 70,000 indicated tonnes at 3.4 g/t Au plus 20,000 inferred tonnes. Resource-expansion RC drilling (78 holes over a 9-week campaign) was underway as of mid-2026, alongside British King/Endeavour re-optimisation studies and environmental permitting work. In a 21 Jul 2026 project update the company said a re-estimate of the British King Mineral Resource had been completed; it has not published the updated figures, so the 23 Oct 2025 figures above may be superseded.
Notable vs. Peers
- Financials score of 2.5/10 is weaker than the peer average of 5.3/10.
Lifecycle Milestones
Jurisdiction (40%)9/10
Western Australia: Fraser PPI 2025 is 88.53 of 100 (rank 13 of 68), which maps to 9 on this site's scale. South Darlot / British King is in Western Australia -- a Tier-1 mining jurisdiction.
Infrastructure (40%)No verified figure
Researched with nothing found: no source we could cite confirms or rules out an existing mill, road access, grid power, or tailings facility at British King Gold Mine, South Darlot, Western Australia, Australia (checked Oct 5, 2026; recheck due Apr 3, 2027). Counts at a neutral 5/10 until one does.
Nearby producing mine (20%)10/10
Kalgoorlie Super Pit (KCGM) (Northern Star Resources Ltd) is 5 km away -- within shared-mill trucking range.
Acquisition Susceptibility
A relative ranking of how closely this company matches the profile of juniors that have actually been acquired — not a probability, and not a reason to buy. Acquisitions are rare: only a few dozen significant deals happen a year across a universe of thousands of juniors, so even a high score here describes a long shot. The strongest signal in the research, a producer that already owns part of the company, is scored from its disclosed strategic shareholders. A producer that is a joint-venture or earn-in partner on the project, rather than a shareholder, isn't captured yet.
How this score is built
- Disclosed pending dealSub-score: Not scored
No pending acquisition or merger disclosed (checked)
Not scored: having no deal in flight isn't held against a company.
Weight 26.25% - Producer's strategic stakeSub-score: Not scored
Gullewa Limited (via Brooklyn Bay Pty Ltd, with joint actors) holds 71.37% (reported 28 Jan 2026) See holders
Already majority-controlled, so a sale is its controlling holder's decision; the toehold-then-takeout pattern this input measures doesn't apply.
Weight 25% - Distance to a producing mineSub-score:9.5/10
Nearest producing mine: Kalgoorlie Super Pit (KCGM) (Northern Star Resources Ltd), 5 km
10 next to a producing mine, 8 at 20 km, 5 at 50 km, 0 beyond 200 km.
Weight 22.5% · 46% here - Lifecycle stageSub-score:3.5/10
Stage: Resource Definition
Feasibility and permitting score 10, where deals cluster, and production 5.5; earlier stages score less, down to 1 at grassroots.
Weight 15% · 31% here - JurisdictionSub-score:9/10
Australia: jurisdiction score 9/10
Our jurisdiction score, used as is: higher means lower political and permitting risk.
Weight 6.75% · 14% here - CommoditySub-score:10/10
Primary commodity: Gold
Gold 10, copper 8, silver 5, nickel and uranium 4, others 2: most majors' deals are for gold.
Weight 4.5% · 9% here
Weight is each input's share of the full score. “Here” is its share of this company's score: inputs that aren't scored are left out and the rest re-weighted, never counted as zero.
Your Rankings
Management Team
Chairman and Director of Central Iron Ore Limited, an experienced corporate lawyer with significant experience in the resources and energy sector, advising public resources and energy companies on corporate governance, finance, capital raisings, takeovers, mergers, acquisitions, joint ventures and divestments.
Director of Central Iron Ore Limited.
Director and Chief Financial Officer of Central Iron Ore Limited, having joined Allegiance Mining NL in 1996 and become a director in August 2000; part of the team that discovered and brought the Avebury Nickel Mine in Tasmania into production.
Non-Executive Director of Central Iron Ore Limited since 16 October 2025. A mining and mineral-processing executive with 43 years of operating experience in gold, nickel, phosphate, lead, zinc, tin, tantalite and copper ores, across open-pit and underground mines and flotation, gravity, electrostatic, magnetic, CIL and dump-leach processing, including 36 years as superintendent, resident manager, general manager and project director. B.Sc. (Hons) in Mineral Processing Technology (CNAA) and Associate of the Camborne School of Mines.
Insiders, Investors & Smart Money
Notable shareholders and insiders whose involvement is worth knowing about, plus what we're seeing from institutional/large-investor activity.
No producer, strategic investor, or resource-specialist fund holds a disclosed stake, and no insider trading activity has been filed in the last six months.
No notable insiders tracked for this miner yet.
Reports, Presentations & Documents
Central Iron Ore, a gold company despite its legacy name, holds 100% of the South Darlot gold project, 324 sq km in the Kalgoorlie region of Western Australia within 10 km of Vault Minerals' Darlot mine. Its core asset is the wholly owned British King mine, which carries an NI 43-101 resource (technical report filed 23 October 2025) of 120,000 indicated tonnes at 5.1 g/t gold plus 50,000 inferred tonnes at 2.9 g/t; the British King Extensions, held through the 70%-owned South Darlot joint venture, carry 70,000 indicated tonnes at 3.4 g/t plus 20,000 inferred tonnes. In a 21 July 2026 update the company said a re-estimate of the British King resource had been completed, but it has not published the new figures, so the October 2025 figures may be superseded. Resource-expansion drilling, British King and Endeavour re-optimisation studies and environmental permitting were under way in mid-2026, and the renewal of mining lease M37/30, lodged in March 2026, entered a good-faith negotiation period with the native title party on 1 July 2026.