Amex Resources Limited has exercised its option at Lautoka Port for a 45 year lease after receiving positive results from the Pre-Feasibility Study over the Mba Delta Ironsand Project in Fiji.

Commencing the long term lease agreement allows Amex to continue an aggressive development plan with production scheduled to start in the fourth quarter of 2012.

The project is expected to produce 750,000 tonnes per annum of 58% Fe product over a 20 year mine life.