Iron Bear Flags Project Scale-Up as PFS Optimisation Unfolds

Cyclone Metals Ltd ( (AU:IBR) ) has issued an announcement.

Iron Bear Resources has reported that pre-feasibility work on its Iron Bear iron ore project is advancing, with engineering firm Hatch leading key study streams and multiple consultants contributing updated geological, mining and infrastructure inputs. The company now expects to deliver the pre-feasibility study by the end of the June 2026 quarter, in line with project committee expectations, after identifying significant optimisation opportunities versus its earlier scoping work.

Current results indicate the project’s economics could be improved by scaling up production to capture better capital efficiency from major infrastructure such as power, rail and slurry lines, while also trimming operating and capital costs across mine components. Iron Bear is therefore assessing alternative options for processing, power, logistics and access, supported by updated resource modelling, mine planning, geotechnical studies and design workshops that will feed into a refreshed economic model for the project.

More about Cyclone Metals Ltd

Iron Bear Resources Limited is an ASX-listed resources company focused on developing the Iron Bear Project, an iron ore operation being advanced under a development agreement with global miner Vale. The company is progressing through key study phases to define the project’s scale, processing configuration and supporting infrastructure, including power, rail and slurry transport.

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Current Market Cap: A$61.95M

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