Cyclone Metals Ltd (AU:CLE) has released an update.
Cyclone Metals Ltd has commenced small-scale production of Direct Reduction pellets essential for low carbon steel production, while also confirming high Fe recovery rates and identifying new potential ore outcrops at their Iron Bear project. The company, buoyed by these developments, has moved forward with phase 4 metallurgical test work to produce concentrates for steel client testing. These strides mark significant progress for the Iron Bear project, which boasts a world-class iron ore resource in Canada, strategically located near infrastructure and low-cost hydropower.
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