Arrow Minerals Ltd (ASX:AMD) December 2024 Quarterly Activities Report
Date
1/30/2025 11:24:13 PM
(MENAFN- ABN Newswire)
Arrow Minerals Limited (ASX:AMD) is pleased to report on its activities for the quarter ended 31 December 2024.
Niagara Resource on track for March 2025; Testwork at Simandou North Iron Project achieves extremely high-quality hematite fines.
Highlights
NIAGARA
- Maiden drill program completed November 2024; Results have identified approximately 14km2 of high-grade mineralisation with significant further exploration upside
- The average intercept thickness at grades >40% and grades >37% Al2O3 cut-off is 4m and 5m respectively
- Preliminary analysis of drill results suggests Niagara has strong potential to support a conventional Direct Shipping Ore (DSO) operation
- Record bauxite prices with Guinea 45% Al2O3, 3% SiO2 trading at US$110-130/t (CIF China)
- Mineral Resource estimate due for completion by SRK in March 2025 Quarter; SRK has completed the prerequisite site inspection
- Scoping Study scheduled for completion in the June 2025 Quarter; Environmental and social studies and investigative work on potential haulage solutions underway
SIMANDOU NORTH
- Arrow signed a Non-Binding Memorandum of Understanding with Baosteel Resources that focuses on the negotiation of binding mine gate iron ore sales contracts
Subsequent to quarter end:
- Stage 2 bench scale metallurgical testwork completed on Oxide BIF at Simandou North Iron Project (Simandou North), with all three simulated flowsheet options delivering high grade >66% Fe, low alumina (Arrow Minerals Ltd (ASX:AMD) is an exploration and development company focused on delivering long-term shareholder value through the discovery of economic mineral deposits in West Africa. The Company has implemented a systematic science-based exploration philosophy whilst remaining commercially nimble to ensure we capture and retain value.
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