The polycrystalline cubic boron nitride cutting tool has a particle size in the range of from 10-17 microns. In addition to CBN, the tool has from 2%-15% by weight of a refractory compound selected from the group consisting of titanium carbonitride, titanium aluminum carbonitride, titanium carbide, titanium nitride, titanium diboride and aluminum diboride. When using one of the carbonitrides, the carbon to nitrogen proportion is preferably in the range of from 30 atomic percent carbon and 70 atomic percent nitrogen, to 70 atomic percent carbon and 30 atomic percent nitrogen, and preferably is about 50/50. In addition, there is an infiltrant containing aluminum and/or silicon. A quantity of diamond crystals more than stoichiometric with the amount of silicon infiltrated is included in the composition for forming silicon carbide. The cutting tool is not formed on a cemented tungsten carbide substrate so is substantially free of cobalt.