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An update from Arrow Minerals Limited ( (AU:AMD) ) is now available.
Arrow Minerals Limited has completed major components of the Niagara Scoping Study and the next phase of beneficiation testwork for the Simandou North Iron Project. However, the company is currently dealing with uncertainty regarding the status of its exploration permits in Guinea, following media reports about potential cancellations. The company has engaged with relevant stakeholders to clarify the situation, but no formal communication has been received from the Guinean government. The outcome of this situation could significantly impact Arrow’s operations and project timelines.
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. Its primary projects include the Niagara Bauxite Project and the Simandou North Iron Project, with a market focus on mineral exploration and development in Guinea.
Average Trading Volume: 1,143,560
Technical Sentiment Signal: Sell
Current Market Cap: A$17.08M
For a thorough assessment of AMD stock, go to TipRanks’ Stock Analysis page.