Cyclone Metals Ltd (ASX:CLE) has produced what it describes as “world-class” direct reduction (DR) iron ore pellets from the Iron Bear Project in Canada in the project’s pilot production run.
The company says its pellets achieved world-class specifications, grading 67.5% iron, 1.6% silica, 0.12% magnesium oxide, 0.65% calcium oxide and ultra-low deleterious elements.
10 October 2024
Published by Proactive Investors
Cyclone Metals’ production of DR-grade iron pellets sets the stage for Iron Bear offtake discussions
pecial Report: Cyclone Metals has hit a major milestone with the successful production of world-class direct reduction grade iron pellets using concentrates from its Iron Bear magnetite project in Canada.
The successful production of DR quality pellets grading 67.5% iron, 1.6% silica with ultra-low levels of deleterious elements from the pilot pellet production run is hugely encouraging for the company as DR pellets command a significant price premium over standard blast furnace pellets.
10 October 2024
Published by Stockhead
At first glance, ASX-listed Cyclone Metals appears to have a Herculean task ahead.
The Perth-based company’s world-class 16.6 billion tonne Iron Bear iron ore resource in Canada requires capex in the billions and is aiming to break into the Direct Reduction (DR) pellet market – central to green steel production and dominated by a handful of majors.
27 September 2024
Published by MiningNews.net
- High-grade magnetite is intrinsic to our clean energy transition
- The material is key to lowering CO2 levels at the industrial level
- Cyclone Metals has a giant of a magnetite.
November 2, 2023
Published by Stockhead