Arrow Minerals Limited (AU:AMD) has released an update.
Arrow Minerals Limited has announced the release of 72,791,666 shares from escrow on June 12, 2024, which were held under voluntary escrow by a substantial shareholder. The company is currently focused on exploring the Simandou North Iron Project in Guinea, aiming to establish a high-grade iron mining operation and capitalize on upcoming multi-user rail infrastructure. Their exploration activities are part of a large-scale drilling program initiated early this year to accelerate the path to production.
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