Cyclone Metals Ltd (ASX:CLE) CEO Paul Berend speaks with Proactive soon after welcoming 'world-class’ results from the first phase of metallurgical test work conducted on its flagship Block 103/Iron Bear Magnetite Iron Ore Project in Canada. The DR magnetite concentrate produced during the test work is set to be Cyclone’s premium magnetite ultra-low silica product, used as a feed for high-value DR pellets. The estimated market price for this DR magnetite concentrate is US$167 per tonne CFR China, representing a premium of US$30 a tonne above the 62% iron benchmark.
Cyclone Metals can produce world-class magnetite DR concentrate
