A club with lofty aims (4)

I believe the answer is:

iron

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'a club' is the definition.
(type of golf club)

I can't explain the rest of the clue.

(Other definitions for iron that I've seen before include "The metallic element plays a role in the transport of oxygen by the blood" , "Smooth (clothes)" , "Smooth; element" , "sports club" , "Club; element" .)

I've seen this clue in The Globe and Mail and The Irish Independent.

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