Arrow Minerals announces key appointments and drilling commencement

Arrow Minerals Limited (ASX: $AMD) has appointed David Flanagan as Managing Director and Jeff Dowling as Non-Executive Chair. The company also announced the commencement of a 5,000m drilling program at Simandou North to rapidly grow the known iron mineralisation. The drilling program aims to follow-up high-grade intersections recorded in limited previous drilling.

Executive Commentary on Board Changes and Drilling Program

Arrow's Tommy McKeith expressed optimism about the exceptional opportunity at Simandou North and highlighted the strategic importance of David Flanagan's skills and extensive experience in the iron ore business. Jeff Dowling emphasized the potential for rapid creation of substantial shareholder value through exploration success and the advantage of proximity to multi-user rail infrastructure.

Summary of Arrow Minerals' Announcement and Outlook

Arrow Minerals has made key board changes, appointing David Flanagan as Managing Director and Jeff Dowling as Non-Executive Chair. The company is focused on rapidly growing the known iron mineralisation at Simandou North through a 5,000m drilling program. The strategic aim is to establish a significant iron ore inventory at Simandou North and leverage the rail infrastructure being developed by neighboring projects. The company aims to create substantial shareholder value through exploration success and the advantage of proximity to multi-user rail infrastructure. Arrow Minerals also aims to extend its beneficial rights in the Simandou North Iron Project to 100% by delivering on key milestones and systematically advancing the project over the coming months.