Arrow Minerals Expands Bauxite Presence with Major Transaction
Unit 4 38 Colin Street West Perth WA 6005
Perth, Australia - Arrow Minerals Ltd (ASX:AMD) is pleased to report the completion of Stage 1 of its exploration program at the Simandou North Iron Project (SNIP) in Guinea, West Africa. The company has also announced the acquisition of a major bauxite tenement in Western Australia, significantly expanding its presence in the bauxite sector.
Exploration Results at Simandou North Iron Project
The exploration program at SNIP has yielded positive results, with assays supporting the company's strategy to establish direct shipping ore (DSO) operations. The results indicate the presence of high-grade iron ore mineralization, with grades ranging from 55% to 64% Fe.
Bauxite Transaction
Arrow Minerals has acquired a major bauxite tenement in Western Australia, covering an area of approximately 1,000 square kilometers. The tenement is located in close proximity to existing infrastructure, including rail lines and ports, making it highly prospective for bauxite mining and export.
Strategic Significance
These developments are strategically significant for Arrow Minerals. The expansion of its bauxite presence positions the company as a major player in the growing global bauxite market. Additionally, the exploration results at SNIP provide a strong foundation for the development of a world-class iron ore operation.
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