Cyclone Metals Limited (ASX: CLE) has announced a major step forward with the commencement of a Pre-Feasibility Study (PFS) for its 100%-owned flagship Iron Bear Project, located in the Labrador Trough, Canada (Figure 1). The appointment of global engineering firm Hatch to lead the study underscores the project’s significance and the Company’s intention to position Iron Bear as a strategic supplier of high-grade magnetite concentrate for the global steel market.

Coffee with Samso Episode 203 may well be one of the best ASX small-cap resource business in 2025. A high-grade green iron ore business.

With major billionaires like Andrew Forrest and Gina Rinehart investing heavily in magnetite projects, Magnetite is now the new Iron Ore.

Declaration: I am a shareholder of Cyclone Metals Limited, and this review has not been endorsed by the company, nor has it been...