Cyclone Metals Ltd (ASX:CLE) CEO Paul Berend tells Proactive the company has established a maiden JORC-compliant mineral resource of considerable scale and quality at the Block 103 Magnetite Iron Ore Project in the iron-rich Labrador Trough region of Newfoundland, Canada. The inferred mineral resource estimate (MRE) of 7.2 billion tonnes contains 29.2% total iron and 18.9% magnetic iron.
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