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An update from Arrow Minerals Limited ( (AU:AMD) ) is now available.
Arrow Minerals Limited has announced significant progress in their Niagara Bauxite Project, with the completion of mineral resource estimation set for Q1 2025. Drilling results have revealed substantial high-grade bauxite mineralization over 14 square kilometers, with further exploration potential. The company’s strategic location near the Trans Guinean Railway and record high bauxite prices position Arrow favorably for future development and market entry. The project is poised to benefit from the growing demand for high-quality bauxite, with further studies and exploration planned for 2025, marking a potential transition for Arrow to a development-focused entity.
More about Arrow Minerals Limited
Arrow Minerals Limited is a company focused on mineral exploration and development, particularly in the bauxite sector. The company is actively exploring the Niagara Bauxite Project in Guinea, a region known for its high-quality bauxite deposits, which are in high demand globally. Arrow aims to leverage the planned Trans Guinean Railway infrastructure to enhance project feasibility and reduce barriers to entry.
YTD Price Performance: -8.33%
Average Trading Volume: 1,021,084
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$21.82M
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