Cap-Ex Iron Ore Ltd., formerly Cap-Ex Ventures Ltd., is a mineral resource company. The Company is engaged in the exploration of iron ore properties (the Properties) covering an area of approximately 121,000 hectares. The Properties are divided into two regional groups: The Schefferville Properties and the Lac Connelly Property. The Schefferville Properties are primarily located in Newfoundland and Labrador and are consists of the Block 103, which is an iron ore property covers 20,775 hectares; Redmond, which cover an area of 14,300 hectares; Porky Lake, which covers approximately 9,925 hectares of the Sokoman iron formation, and Snelgrove properties, which covers an area of approximately 15,475 hectares. The Lac Connelly iron ore properties are in the Province of Quebec, cover an area of approximately 60,700 hectare.