Cyclone Metals Limited, together with its subsidiaries, engages in the investment, exploration, and evaluation of mineral properties. It explores for cobalt, lithium, iron ore, copper, uranium, gold, and lead-silver-zinc deposits. The company holds interests in the Marampa project that includes one mining license covering an area of 97.40 square kilometers and one exploration license covering an area of 145.86 square kilometers located in West Africa; the Kukuna project, which includes one mining license covering an area of 68 square kilometers located in the northwest of Sierra Leone; the Wee MacGregor project that includes 4 mining leases located in Queensland; and the Yalardy project comprising 297 graticular blocks covering an area of 914.5 square kilometers located in the Carnarvon Basin, Western Australia. It also holds interest in the Nickol River Gold Project located in the Pilbara region of Western Australia; and option to acquire 100% interest in the Cameroon Project. The company was formerly known as Cape Lambert Resources Limited and changed its name to Cyclone Metals Limited in October 2020. Cyclone Metals Limited was incorporated in 2000 and is headquartered in West Leederville, Australia.

Cyclone Metals Limited

Cyclone Metals Limited is self-described in the mining and metals sector.

Cyclone Metals | 608 followers on LinkedIn. Cyclone Metals is a West Australian, ASX-listed (ASX: CLE) mineral exploration and development company. Our focus is our flagship Block 103 Magnetite Iron Ore Project, located in the Labrador Trough, Canada.

Chief Executive Officer at Cyclone Metals

Paul Berend

Creating opportunities for you to reach your goals.

Paul Vermeulen

Fellow of CPA Australia

Timothy Turner

Strategy Manager at Cyclone Metals

Levi McDonald

Cyclone Metals

Cyclone Metals Ltd (ASX:CLE) is very pleased to announce that the company has ratified a strategic memorandum of understanding (MoU) with the world’s leading iron ore producer, Vale S.A., to advance the development of its Iron Bear high-grade magnetite project in Labrador Trough in Canada. The MoU outlines a two-phased investment strategy for the the path for Vale to take a controlling stake in a significant high-grade iron ore venture, strategic for Canada, that will foster the push for global lower carbon footprint steelmaking. Our CEO, Paul Berend, expressed strong optimism about the partnership: “Vale is a powerhouse for the production of ultra-clean iron ore products, including DR pellets and proprietary cold briquettes. They are an ideal partner for us, and we look forward to leveraging Vale’s extensive operational and financial resources to realize the full potential of Iron Bear.” #PaulBerend #IronBear #Ironore #magnetite #Labrador #Cyclonemetals #CLE

Cyclone Metals Ltd ( CLE.AX ) is proud to share the latest media coverage on the exceptional development achieving the next milestone – producing its first DR pellet – a key element in the reduction of carbon emissions of global steelmakers. #IronOre #Ironbear #PaulBerend #CycloneMetals #PaulVermeulen #LeviMcDonald

Join the CEO of Cyclone Metals Ltd ( CLE.AX ), Paul Berend, sharing the latest news on the completion of the pilot test work to produce world class DR (Direct Reduction) iron ore pellets at its Iron Bear Project, located in the Labrador Trough in Canada. Congratulations to the Iron Bears and its supporters, another significant milestone has been achieved to bring its flagship project one step closer to deliver the bulk samples of DR pellets and concentrate to industrial partners.

Cyclone Metals Ltd ( CLE.AX ) is pleased to announce that its Project Iron Bear delivered a significant milestone: it successfully completed a pilot pellet production run and produced world class direct reduction pellets, a key feed for the low carbon footprint steel production. Paul Berend, CEO of Cyclone Metals, confirmed: "We have successfully produced direct reduction pellets. This is a major milestone for the Iron Bear project. Our DR pellets demonstrated excellent physical and metallisation properties, and we are on track to start shipping bulk samples to potential off take Clients as early as Q2 2025. Direct reduction pellets are a key enabler to low carbon steel production and sell at a high premium to the 62% Fe benchmark.”. More information: https://lnkd.in/gRKsxYFP

Cyclone Metals Ltd ( CLE.AX ) is pleased to present its annual operational update and financial results for the Financial Year 2024. We would like to extend our heartfelt gratitude to our shareholders and business partners for their unwavering support. Together, we have navigated challenges and celebrated milestones, and we are excited about the opportunities that lie ahead. Thank you for being an integral part of our journey, your partnership is invaluable to us. #CycloneMetals #PaulBerend #IronBear #Ironore

Cyclone Metals Ltd ( CLE.AX ) is excited to share its story of strategic development of its world-class Iron Bear Project in Canada with the Mining News. #IronOre #Ironbear #PaulBerend #CycloneMetals #PaulVermeulen #LeviMcDonald https://lnkd.in/gNBvBC59

Cyclone Metals (ASX: CLE) is pleased to announce an operational update on its project Iron Bear to its shareholders. Paul Berend, CEO of Cyclone Metals, commented: "I am pleased to report that we have started small scale production of DR pellets which are critical for green steel production and are projected to be in very high demand in the next couple of years as numerous direct reduction steel plants are being built in the Middle East, the USA, and Canada. The Iron Bear mineral resource is still delivering more positive surprises with potential Direct Shipping Ore outcrops identified during our recent field trips. The potential of these large outcrops is unknown, but we are excited by the upside”

Cyclone Metals Ltd ( CLE.AX ) is pleased to share the latest quarterly report for the period ending 30 June 2024. Cyclone Metals main focus is to develop its flagship iron ore project, Iron Bear, located in the Labrador Trough region in Canada. The Company has also a portfolio of the diverse exploration and mining assets, providing exposure to copper, gold and lithium.

Cyclone Metals (ASX: CLE) is pleased to announce that is has secured funding to progress its flagship Project Iron Bear in the Labrador Trough (Canada). The company completed a placement of $1.87 million and is proposing to complete an underwritten Right Offer to raise a further $5.39 million. RM Corporate Finance has been appointed as the Lead Manager for the placement and the Rights Offer. Funds will be applied to progress the Iron Bear project, working capital and retirement of debt. The Company is pleased to welcome experienced directors, Mr David Sanders and Mr Luke Martino to join the Board of the Company as non-executive directors, bringing their significant corporate governance and commercial expertise in the natural resources sector. Founding shareholder and long serving Executive Director, Mr. Tony Sage will revert to a Non-Executive Chairman role.

QUARTERLY REPORT March 2024 Cyclone Metals Limited (ASX: CLE) (Cyclone or the Company) is focused on developing Iron Bear, its 100% owned Iron Ore Project, located in the Labrador Trough region of Canada. The Company also has investments in several exploration and mining projects, providing exposure to lithium, iron ore, copper, and gold (refer to Annexure 2) which include shares in listed ASX entities valued at $5.4m as of 29th April 2024 Flagship Iron Bear Project Highlights: 1. Asset located in Canada, less than 25km from an open access heavy haul railway and with access to cheap hydropower 2. World class 100% owned iron ore mineral resource of 16.6 billion tonnes @ 29.3% Fe (Inferred and Indicated JORC 2012 compliant) 3. Production of high quality DR1 grade concentrate grading 71.3% Fe and 1.1% SiO2 due to exceptional low impurity ore body 4. Rapid project development plan with bulk samples of DR and BF concentrates available for steel mill clients from Q2 2024 Paul Berend Paul Vermeulen Jeremy Peters #CLE #IronOre #Mining

CLE

COM:CYCLONEMETALS

Cyclone Metals Limited

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