An update from Arrow Minerals Limited ( (AU:AMD) ) is now available.
Arrow Minerals Limited has announced a significant maiden Mineral Resource for its Niagara Bauxite Project in Guinea, totaling 185 million tonnes at 42.3% Al2O3. This high-grade resource, characterized by low silica content, positions the company to leverage a premium price environment for Guinean bauxite. The project is strategically located near existing rail infrastructure, enhancing its export potential. With a strong cash position and a management team experienced in global mine development, Arrow is poised to transition to a development-focused company in 2025, supported by ongoing exploration and a scoping study targeting a low capex starter operation.
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 primarily involved in bauxite mining, with a strong emphasis on projects in Guinea, a leading global producer of seaborne bauxite.
YTD Price Performance: -5.56%
Average Trading Volume: 2,575,078
Technical Sentiment Signal: Buy
Current Market Cap: A$27.91M
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