Cyclone Metals Ltd (AU:CLE) has released an update.
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Cyclone Metals Ltd has reported promising results from its pilot production of Direct Reduction grade iron pellets, showing strong compression strength and high metallisation ratios. This development positions the company to potentially enter the exclusive group of global DR pellet producers, amidst a growing demand driven by carbon reduction policies. Additionally, Cyclone has been active in field geological surveys and core sample selection to support its ongoing exploration and product validation efforts.
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