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An update from Arrow Minerals Limited ( (AU:AMD) ) is now available.
Arrow Minerals has signed a non-binding memorandum of understanding with Soguipami, the Guinea government’s 100% owned mining equity and mineral-rights manager, setting a framework for collaboration on existing and future projects. The agreement is aimed at providing greater clarity and certainty over permits for the Niagara Bauxite and Simandou North Iron projects, and reinforcing Arrow’s position as a preferred partner for large-scale developments in Guinea.
Under the MoU, Arrow and Soguipami intend to work together within the Guinea Mining Code to clarify tenure status so fieldwork and investment can resume at Niagara and Simandou North, while also exploring additional mining opportunities beyond bauxite and iron ore. The framework emphasizes regular engagement with government stakeholders, shared infrastructure access, local business participation and the pursuit of projects that align with national policy and international best practice, although most provisions remain non-binding at this stage.
More about Arrow Minerals Limited
Arrow Minerals Limited is an Australia-listed mineral exploration and development company focused on large-scale bauxite and iron ore projects in Guinea. The company is advancing the Niagara Bauxite and Simandou North Iron projects, targeting world-class deposits in partnership with Guinean state entities under the country’s mining code.
Technical Sentiment Signal: Sell
Current Market Cap: A$17.08M
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