Arrow Minerals' bauxite project progress

Arrow Minerals (ASX:AMD) has announced significant progress in their Niagara Bauxite Project in Guinea. Recent drilling results indicate a substantial discovery, expanding the mineralized area to approximately 12 square kilometers. Assays from 40 drill holes have revealed high-grade bauxite, with some intersections showing alumina concentrations over 50% and low silica content.

Arrow Minerals' strategic outlook and future plans

Arrow Minerals is making substantial headway in developing its Niagara Bauxite Project in Guinea. The company plans to finalize a maiden JORC Resource estimate in the next quarter and conduct a Scoping Study by June 2025. The project's advantageous location near the Trans-Guinean Railway provides logistical benefits, enhancing its potential for global market access. With bauxite prices at a record high, Arrow Minerals is engaging in discussions for offtake agreements and strategic partnerships with global bauxite companies. The company's approach includes community engagement and environmental studies to ensure sustainable development.

Executive commentary from Arrow Minerals

The results from our recent drilling campaign at the Niagara Bauxite Project are very encouraging. We have confirmed high-grade bauxite over a significant area, and the proximity to key infrastructure enhances the project's prospects. Discussions with potential partners reinforce the strategic value of our discovery. We are committed to advancing the project responsibly and sustainably.