Cyclone Metals Limited

CLE

AU0000109910

Diversified Mining

Market Closed - Australian S.E. Other stock markets 02:10:43 2024-04-26 am EDT			5-day change	1st Jan Change
0.001 ^AUD	0.00%		0.00%	0.00%

Apr. 11	Cyclone Metals Upgrades Resource at Iron Bear Project in Canada	MT
Mar. 27	Cyclone Metals Retracts Operational Update Announcement, Lifts Trading Halt Request	MT

Cyclone Metals produces class-leading iron ore product

November 30, 2023 at 10:31 am EST

(via NewsDirect)

Cyclone Metals Ltd (ASX:CLE) CEO Paul Berend tells Proactive the company has produced a class-leading iron ore product with metallurgical test work on ore from the flagship Block 103/Iron Bear Magnetite Project in Canada, achieving a blast furnace concentrate of 68.7% iron with low impurities and silica content below 3.5%. The company achieved high recoveries of more than 97% from a sediment bulk sample of 1.6 tonnes containing 17% iron, a good representative of the overall deposit, which on average contains 18% iron.

Berend said: “We are working hard to define a premium ultra-low silica direct reduction magnetite product which will be very attractive to European steel makers looking to reduce their carbon footprint.

“We are targeting to introduce this unique premium product to the steel industry as early as the first quarter of next year.”

Contact Details

Proactive Investors

Jonathan Jackson

+61 413 713 744

jonathan@proactiveinvestors.com

Latest news about Cyclone Metals Limited

Cyclone Metals Upgrades Resource at Iron Bear Project in Canada	Apr. 11	MT
Cyclone Metals Retracts Operational Update Announcement, Lifts Trading Halt Request	Mar. 27	MT
Cyclone Metals Halts Trading Ahead of Operational Update, Investor Presentation	Mar. 27	MT
Cyclone Metals Remains On Track With Development of Canadian Iron Ore Project	Mar. 27	MT
European Lithium Extends AU$2 Million Cash Loan to Cyclone Metals	Mar. 12	MT
Cyclone Metals' Loss in Fiscal H1 Widens	Feb. 13	MT
Cyclone Metals Limited Reports Earnings Results for the Half Year Ended December 31, 2023	Feb. 13	CI
Cyclone Metals Discloses Upbeat Metallurgical Test Work Results for Iron Bear Project	Nov. 28	MT
Cyclone Metals Limited Announces Resignation of Will Scott as Non-Executive Director	Nov. 26	CI
Cyclone Metals Completes Winter Field Operations in Canada's Schefferville	Nov. 17	MT
Cyclone Metals Limited Reports Earnings Results for the Full Year Ended June 30, 2023	23-09-28	CI
Cyclone Metals Divesting Noncore Gold Assets for AU$4 Million; Shares Slump 50%	23-07-13	MT
An unknown buyer acquired Non-core gold assets of Cyclone Metals Limited.	23-07-13	CI
Cyclone Metals Establishes Mineral Resource of Block 103 Project	23-06-19	MT
Cyclone Metals Issues 1.17 Billion Fully Paid Ordinary Shares	23-06-04	MT
Cyclone Metals Secures Deal to Convert Loan to Equity	23-06-01	MT
Cyclone Metals Identifies Gold Anomalies at Macraes South Project	23-05-02	MT
Cyclone Metals Appoints CEO, Executive Chair	23-04-13	MT
Cyclone Metals Limited Announces Management Changes	23-04-13	CI
Cyclone Metals Limited Announces the Appointment of Paul Berend as Chief Executive Officer, Effective 1 May 2023	23-04-13	CI
Cyclone Metals Limited Announces Resignation of Stirling Ross as Non-Executive Director	23-03-01	CI
Cyclone Metals Limited Reports Earnings Results for the Half Year Ended December 31, 2022	23-02-15	CI
Financials, IT Lead Australian Share Rally as Market Awaits US Fed Minutes	23-01-04	MT
Cyclone Metals Completes Acquisition of Canadian Iron Ore Project; Shares Up 100%	23-01-03	MT
Cyclone Metals Limited acquired Labrador Iron Pty Ltd. AUD 3.24 million.	23-01-03	CI

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Company Profile

Cyclone Metals Limited is an Australia-based mineral investment, exploration, and evaluation company. The Companyâs portfolio of projects and investments provide exposure to cobalt, lithium, iron ore, copper, uranium, and lead-silver-zinc assets in Australia, Europe, Africa, and South America. Its projects include Wee MacGregor Copper Project, Nickol River Gold Project, and Kukuna Iron Ore Project. Its Nickol River Gold project is located approximately 13 kilometers (km) east of Karratha in the Pilbara region of Western Australia. The Nickol River Project is within the Karratha Terrane on the north side of the Sholl Shear Zone, near the margin of the Karratha Granodiorite. The Company holds tenure to four mining leases at the Wee MacGregor project located approximately 40 km southeast of Mt Isa in Queensland. The Kukuna Iron Ore project is located 120 km northeast of Freetown in the northwest of Sierra Leone and consists of one exploration license (EL22/2012) covering 68 square km.

Sector

Diversified Mining

Calendar

2024-09-25 - Q4 2024 Earnings Release (Projected)

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Sector Integrated Mining

	1st Jan change	Capi.
CYCLONE METALS LIMITED	0.00%	6.83M
BHP GROUP LIMITED	-14.40%	143B
RIO TINTO PLC	-6.66%	117B
GLENCORE PLC	-0.55%	71.07B
SAUDI ARABIAN MINING COMPANY (MA'ADEN)	+6.69%	50.97B
GRUPO MÉXICO, S.A.B. DE C.V.	+13.30%	48.38B
ANGLO AMERICAN PLC	+34.12%	39.93B
TECK RESOURCES LIMITED	+22.92%	26.1B
HINDUSTAN ZINC LIMITED	+32.58%	21.36B
IVANHOE MINES LTD.	+58.44%	18.57B

Integrated Mining

Cyclone Metals Limited

Equities

CLE

AU0000109910

Diversified Mining

Cyclone Metals produces class-leading iron ore product

Contact Details

Latest news about Cyclone Metals Limited

Chart Cyclone Metals Limited

Company Profile

Income Statement Evolution

Sector Integrated Mining