Cyclone Metals Advances Iron Bear Project with Promising Scoping Study

An update from Cyclone Metals Ltd ( (AU:CLE) ) is now available.

Cyclone Metals Limited has completed a Scoping Study for its Iron Bear project, indicating a potentially economically viable operation with production targets ranging from 12.5 Mt p.a. to 50 Mt p.a. The study outlines the project’s potential based on current mineral resources and highlights the need for further exploration and funding. The company is optimistic about securing necessary funding, with plans to advance to a Pre-Feasibility Study. The project aims to deliver significant financial returns and social benefits, while focusing on sustainable mining practices.

More about Cyclone Metals Ltd

Cyclone Metals Limited is a company operating in the mining industry, focusing on the exploration and development of iron ore projects. Its primary product is magnetite, a type of iron ore, and it is engaged in developing the Iron Bear project located in the Labrador Trough, Canada.

YTD Price Performance: 32.14%

Average Trading Volume: 2,784,671

Technical Sentiment Signal: Sell

Current Market Cap: A$81.51M

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