Arrow Minerals Limited ( (AU:AMD) ) has issued an announcement.
Arrow Minerals Limited has announced the incorporation of high-quality historical drilling data from Vale into its Niagara Bauxite Project, resulting in a maiden Mineral Resource estimate of 185Mt at 42.3% Al2O3. This strategic move is expected to significantly reduce time and costs associated with further drilling, enhancing Arrow’s resource growth strategy. The project benefits from its proximity to the Trans Guinean Railway, offering potential low-cost export opportunities. With a strong cash position and favorable market conditions for Guinean bauxite, Arrow is well-positioned to capitalize on the high demand and premium pricing of bauxite.
More about Arrow Minerals Limited
Arrow Minerals Limited operates in the mining industry, focusing on the exploration and development of mineral resources. The company is engaged in the extraction of bauxite, a key raw material for aluminum production, with a strategic focus on projects in Guinea, a leading global producer of seaborne bauxite.
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