Berend appointed Cyclone MD

West Perth-based junior Cyclone Metals has increased Paul Berend’s portfolio, as it continues to develop its Iron Bear project in Canada.

In late-September, Cyclone told the market it had undertaken a review of its operations – and as a result, said Mr Berend would transition from chief executive to CEO of Iron Bear, an iron ore project, given its desire for asset progression to be heightened.

Upon news of this transition, the junior said it had begun a process to “identify and appoint a new chief executive in due course” as it continued to pursue best practice across its corporate governance.

On Monday, Cyclone said Mr Berend would now assume managing director responsibilities along with his CEO commitments at Iron Bear, while a review into the company’s non-core assets was also ongoing.

“Paul has played a central role in negotiating and implementing the cornerstone Development Agreement of the Iron Bear Project with Vale S.A,” Cyclone said.

“He will continue to drive the operations of Iron Bear, and to develop the associated commercial and governance frameworks with Vale and other key stakeholders, with the support and guidance from the Cyclone board.

The chair and deputy chair will oversee the corporate affairs of Cyclone, to ensure that the best corporate governance practices are enacted.”

Cyclone also announced that Paul Araujo – presently a director of corporate development at John Prineas-chaired St George Mining – had joined the board as a non-executive director.

Monday’s update follows on from news last week that week that David Sanders and Luke Martino would transition to the new roles of chair and deputy chair respectively, while longstanding director Tim Turner confirmed his retirement.

During the September 2025 quarter, the junior officially launched its Iron Bear pre-feasibility study, of which it intends to finalise by April next year.

As of 10.12am AWST, Cyclone shares were down 6 per cent to 6.1 cents.