Cyclone Metals Limited (ASX:CLE) is an Australia-based mineral exploration and development company focused on iron ore and other base metals; it holds interests in the flagship Iron Bear magnetite iron ore project in the Labrador Trough, Quebec, Canada, producing premium blast furnace concentrates grading 69.8% Fe with 3.4% SiO2 and direct reduction pellets grading 71.0% Fe with 1.1% SiO2 and high cold compression strength of 346kg for low-carbon steel production; additional projects include the Nickol River Gold Project and Wee MacGregor Copper Project in Western Australia, Kukuna Iron Ore Project in Sierra Leone, and various gold assets in New Zealand such as Longwood Range Gold Copper PGE, Mareburn, Macraes South, Drybread-Waikerikeri, and Muirs, providing exposure to nickel, lithium, copper, platinum group elements, gold, and uranium deposits. Founded in 2000 and headquartered at 32 Harrogate Street, West Leederville, Western Australia, the company operates primarily in Australia, Canada, West Africa, and New Zealand, targeting steelmakers seeking high-grade, low-silica products aligned with decarbonization trends. Recent developments include a binding development agreement with Vale SA establishing a $138 million phased joint venture for Iron Bear, featuring an $18 million Phase 1 commitment for feasibility studies and resource enhancement with a recent A$5.17 million third payment received, alongside a binding term sheet to divest non-core gold assets to Moosh Moosh Limited and successful pilot production of world-class direct reduction pellets; the company changed its name from Cape Lambert Resources Limited in October 2020.