Admiralty Resources (ASX:ADY) has announced that the construction of its Mariposa project has entered a new phase, which is believed to be the installation phase.

The company anticipates it to be on track for production in 2024, amid the continued strong demand for iron ore.

In addition, Admiralty Resources is actively seeking approval for the installation of a 23kV electricity transmission line to the project.

Admiralty Resources is a mining and exploration company, primarily engaged in the discovery, development, and processing of iron ore.