Cyclone Metals

Quarterly Report December 2023

Cyclone Metals Limited (ASX: CLE) (Cyclone or the Company) is focused on developing its flagship Iron Bear Iron Ore Project. The Company also has investments in several exploration and mining projects, providing exposure to global lithium, iron ore, copper and gold (refer to Annexure 2) which include shares in listed ASX entities valued at $8.12m as of 29 January 2024.


PROJECTS

Iron Bear Iron Ore Project

Iron Bear Project Location

The Iron Bear iron ore project (previous referred to as Block 103 magnetite) is located in the Labrador Trough in Canada next to the town of Schefferville and is less than 25km from an open access heavy haul railway directly connected to the Port Sept Isles iron ore export facilities (refer Figure 1).

Figure 1 - Location of Project Iron Bear

Iron Bear Project Highlights (as of 28/01/2024)

1: www.sedar.com .Filter by search company database, then Document type: Technical report NI 43-101 and Company name: M3 Metals. Date of filling: 2013
2: DRI = Direct Reduction Iron refers to the production of ultra-high grade quality magnetite concentrate

Block 103 Quarterly Activities to end of December 2023

Cyclone is pleased to report that its operational activities are on track and broadly aligned with the operational plan disclosed in June 2023:


Click here for the full ASX Release

This article includes content from Cyclone Metals Ltd., licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.

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CASH DIVIDEND FOR THE FOURTH QUARTER OF 2024 - $0.75 PER COMMON SHARE

The Directors of Labrador Iron Ore Royalty Corporation (the "Corporation") (TSX: LIF) declared today a quarterly cash dividend of $0.75 per Common Share. The dividend is payable to holders of record at the close of business on December 31, 2024 and is to be paid on January 29, 2025 .

Labrador Iron Ore Royalty Corporation Logo (CNW Group/Labrador Iron Ore Royalty Corporation)

About Labrador Iron Ore Royalty Corporation

The Corporation holds a 15.10% equity interest in IOC directly and through its wholly-owned subsidiary, Hollinger-Hanna Limited, and receives a 7% gross overriding royalty on all iron ore products produced, sold and shipped by IOC and a 10 cent per tonne commission on all iron ore products produced and sold by IOC.

SOURCE Labrador Iron Ore Royalty Corporation

Cision View original content to download multimedia: http://www.newswire.ca/en/releases/archive/December2024/13/c5641.html

News Provided by Canada Newswire via QuoteMedia

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To the Holders of Common Shares of Labrador Iron Ore Royalty Corporation

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