Cyclone Metals Limited NPV

Cyclone Metals Limited is an Australia-based mineral investment, exploration, and evaluation company. The Company is focused on developing its flagship Iron Bear Project, an iron ore project located in the Labrador Trough, Canada. The Iron Bear Project consists of around ten licenses totaling 11,025 hectares (ha) and 441 graticular mineral claims which are 100% owned by the Company. The Company’s other projects are Grand Port, Wee Macgregor and Nickol River Gold. Grand Port project holds 100% of six projects over a diversified portfolio of gold, copper, nickel and platinum group elements (PGE) assets in New Zealand. The Company holds a 20% interest in the Wee Macgregor project which comprises three granted mining licenses, ML 2504, ML 2773 and ML 90098. These licenses are located approximately 60 kilometers (km) southeast of Mt Isa. Nickol River Project tenements are located 10km east of Karratha in the West Pilbara of Western Australia.