The Iron Bear project has reached a significant milestone in its journey towards success. Cyclone Metals (ASX:CLE) proudly announced the completion of its pilot pellet production run in Canada, showcasing their Direct Reduction (DR) Pellets. CEO Paul Berend expressed the company’s excitement, stating that the DR pellets exhibited superior physical and metallisation properties.
Key points of the project include:
- Direct reduction pellets grading 67.5 percent iron, with minimal deleterious elements.
- Excellent reduction and metallisation properties, along with impressive cold crushing strengths.
- Commencing small-scale industrial production and shipping bulk concentrate samples by the second quarter of 2025.
The Iron Bear project, previously known as the Block 103 project, boasts a substantial mineral resource of 16.6 billion tonnes grading 29.3 percent iron. Located in Newfoundland and Labrador, Canada, the project benefits from its proximity to essential infrastructure, such as an open-access heavy haul railway and a hydroplant, ensuring reliable access to resources and energy.
Cyclone Metals is now focused on further enhancing the chemical composition of its DR pellets. Additionally, the company plans to conduct engineering studies to address potential risks related to power and rail infrastructure while exploring the feasibility of its direct shipping ore and magnetite outcrops.
In conclusion, Cyclone Metals’ progress with the Iron Bear project signifies a promising future in the iron ore sector. With a strong foundation and strategic planning, the company is poised for continued growth and success in the global market. Follow @INN_Australia for real-time updates on this exciting development!
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