Arrow Minerals Limited ( (AU:AMD) ) has provided an update.
Arrow Minerals Limited is advancing its Niagara Bauxite Project in Guinea, with a maiden resource report expected in March and a Scoping Study by June. The company has drilled 184 holes and initiated engineering fieldwork, focusing on logistics for product export. Strategic partnerships and offtake discussions are ongoing, and the project benefits from proximity to the Trans-Guinean Railway. The Simandou North Iron Project is also progressing, with testwork and cost reporting expected in the coming months. These developments position Arrow for significant expansion in the bauxite and iron ore markets.
More about Arrow Minerals Limited
Arrow Minerals Limited is a company operating in the mining industry, focusing on the exploration and development of mineral resources. The company is primarily involved in the extraction of bauxite and iron ore, with a strategic emphasis on projects in Guinea, West Africa. Arrow Minerals aims to develop ‘starter’ projects with the potential for expansion into larger mining operations, leveraging proximity to key infrastructure like the Trans-Guinean Railway.
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Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$27.91M
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