Cyclone Metals Ltd (ASX: CLE) (Cyclone Metals) is an Australian domiciled mineral development and investment company. Cyclone Metals has interests in several exploration and mining projects and companies, providing exposure to copper, gold, iron ore, lithium, uranium and base metal assets in Australia, Europe, Africa and South America.
Cyclone Metals’s strategy is to acquire and invest in undervalued and/or distressed mineral assets and companies (Projects) and:
- improve the value of these Projects, through a hands-on approach to management, exploration, evaluation and development; and
- retain long-term exposure to these Projects through a production royalty and/or equity interest.
Cyclone Metals aims to deliver shareholder value by adding value to these undeveloped Projects. If Projects are converted into cash, the Company intends to follow a policy of distributing surplus cash to Shareholders.