The Iron Bear venture in Canada has accomplished its pilot pellet manufacturing run, proprietor and operator Cyclone Metals( ASX:CLE) stated on Thursday (October 10).
“We’ve got efficiently produced Direct Discount (DR) Pellets. This can be a main milestone for the Iron Bear venture. Our DR pellets demonstrated wonderful bodily and metallisation properties,” CEO Paul Berend stated in a press launch.
The venture returned direct discount pellets grading 67.5 p.c iron, 1.6 p.c silica, 0.12 p.c magnesium oxide, 0.65 p.c calcium oxide and ultra-low deleterious parts.
Cyclone added that the pellets have world-class discount and metallisation properties and that they maintain wonderful bodily properties, with chilly crushing strengths of 438 to 486 kilograms per pellet.
The corporate is now beginning small-scale industrial manufacturing, with delivery of bulk focus samples to potential take-off shoppers scheduled for the second quarter of 2025.
It has already collected run of mine sediment, which is about to be processed within the Iron Bear pilot plant on the COREM analysis institute in Québec Metropolis. The metallurgical testwork was carried out by COREM and accomplished in August.
The corporate additionally intends to provide Iron Bear DR focus grading 71 p.c iron and 1.1 p.c silica, together with extra DR pellets and blast furnace (BF) acid pellets.
Previously often known as the Block 103 venture, the Iron Bear venture has a mineral useful resource of 16.6 billion tonnes grading 29.3 p.c iron.
It’s situated within the mining-friendly jurisdiction of Newfoundland and Labrador, Canada, and is close to infrastructure, lower than 25 kilometers from an open-access heavy haul railway related to the Sept Isles and Pointe Noire iron ore export ports.
The venture can be 75 kilometres away from the Menihek hydroplant, probably giving it entry to low-cost renewable power.
Main iron ore export operations at the moment function within the Labrador Trough and share the identical rail and port infrastructure with Iron Bear.
Cyclone stated it would now deal with enhancing the chemical composition of its DR pellets. The corporate may also launch engineering research that can tackle potential dangers related to energy and rail infrastructure and discover the viability of its direct delivery ore and magnetite outcrops.
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Securities Disclosure: I, Gabrielle de la Cruz, maintain no direct funding curiosity in any firm talked about on this article.
