Cyclone Metals (ASX: CLE) has discovered 15+ tonnes of additional sediment cores in sea containers related to its flagship Block 103 Magnetite Iron Ore Project (Block 103) in Canada.
A team from the company has now logged 10 tonnes of these cores, which have been packaged and shipped to a metallurgical laboratory in Quebec City.
Metallurgical test work and flow sheet design is ongoing and initial results are encouraging. Final specifications for the blast furnace grade magnetite product (as well as initial flow sheet design) are expected by end of November.
Cyclone CEO, Paul Berend, said the company has now collected enough sediment to complete the metallurgical test work programme until end of 2024, which includes the production of bulk samples of premium grade DR (Direct Reduction) magnetite concentrates and pellets and the operation of an industrial pilot plant.
Cyclone recently completed an initial survey of the existing heavy haul railway connecting Schefferville to Pointe Noire and undertaken a successful northern winter field operations in Schefferville, Canada and is on track to deliver all the operational milestones planned for Q4 2023
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,” Mr Berend said.
“We are grateful for the help and 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.”
During winter field operations the Cyclone team accessed four 40’ sea containers in Schefferville containing around 100t of sediment core from previous drilling campaigns. Two new sea containers were discovered – substantially increasing the amount of sediment available for industrial test work.