Cyclone Metals Ltd (ASX:CLE) has announced significant progress in its Iron Bear Project, located in Canada. The company has completed Phase 1 metallurgical test work, successfully producing high-purity iron ore concentrates essential for sustainable steel manufacturing.
The test work processed approximately 500 kilograms of source sediment with a total iron content of 29.1%. The resulting Direct Reduction (DR) concentrate exhibited an impressive 71.3% Fe grade and a low 1.1% silicon dioxide (SiO2) content, exceeding previous results. Additionally, the pilot plant produced a Blast Furnace concentrate grading 69.8% Fe and 3.4% SiO2, as well as a Reverse Flotation (RF) concentrate with 68.3% Fe and 4% SiO2, demonstrating high recovery rates and product quality.
The low levels of deleterious elements in the concentrates highlight the project’s potential to provide clean and high-quality inputs for steelmaking. The proximity to key infrastructure, including rail lines and a hydro-plant for renewable energy, enhances the project’s economic viability.
Cyclone Metals has initiated Phase 2 of the pilot program to produce larger sample sizes for further metallurgical testing and potential client trials. This will showcase the project’s scalability and support partnerships for future off-take agreements.
CEO Paul Berend expressed enthusiasm, stating, ‘The first phase of the pilot test work confirms the exceptional metallurgical properties of the Iron Bear deposit.’ He added, ‘We are now in a position to supply ultra-high-quality iron ore product samples to steel mills and trading houses, and then start offtake/JV discussions.’
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