Cyclone Metals on track to hit operational milestones at Block 103
Melbourne, Victoria
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November 23, 2023 11:30 AM Eastern Standard Time
Cyclone Metals Ltd (ASX:CLE) CEO Paul Berend tells Proactive the company has reduced total project development time by more than a year for the Block 103 Magnetite Iron Ore Project in Canada, after successfully completing winter field operations and discovering more than 15 tonnes of additional sediment cores for metallurgical testing. The company has logged, selected and packaged some 10 tonnes of these cores to ship to a metallurgical laboratory in Quebec City, enough to complete the company's metallurgical test work program until the end of 2024.
“In spite of the challenging logistics and the extreme weather conditions, we have been able to operate in Schefferville successfully thanks to the active support of the local contractors and people,” Berend said.
“We have been fortunate to locate vast amounts of sediment core in good condition which means that we will be able to complete our bulk test work program without any additional drilling or trenching. This will save us over a year compared to most of our peers.”
Contact Details
Proactive Investors
Jonathan Jackson
+61 413 713 744
