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An announcement from Arrow Minerals Limited ( (AU:AMD) ) is now available.
Arrow Minerals Limited announced significant progress in its December 2024 quarterly activities report, highlighting outstanding drilling results at the Niagara Bauxite Project and promising metallurgical testwork at the Simandou North Iron Project. The company completed a maiden drill program at Niagara, revealing high-grade mineralization and paving the way for a Direct Shipping Ore operation. Simandou North’s testwork produced a high-grade hematite product, attracting potential premium pricing. Arrow also secured $7 million in funding to support these initiatives, positioning the company favorably for future developments.
More about Arrow Minerals Limited
Arrow Minerals Limited is focused on mineral exploration and development, primarily in the iron ore and bauxite sectors. The company is actively working on projects in Guinea, West Africa, including the Simandou North Iron Project and the Niagara Bauxite Project, aiming to develop starter projects with potential for expansion.
YTD Price Performance: 13.89%
Average Trading Volume: 2,599,213
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$35.7M
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