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How Cyclone Metals’ Iron Bear Project Could Reshape Low-Carbon Steel Supply
9:22am on Monday 11th of August, 2025 AEST
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Mining
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How Cyclone Metals’ Iron Bear Project Could Reshape Low-Carbon Steel Supply
9:22am on Monday 11th of August, 2025 AEST
Key Points
Scoping Study completed for Iron Bear magnetite project in Labrador Trough
Base case production target of 25 Mtpa with NPV of USD 9.79 billion and IRR of 18.5%
Pre-production capital estimated at USD 4.4 billion, total CAPEX around USD 10.3 billion
Partnership with Vale S.A. secured for initial funding and potential majority ownership
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