Overview of Arrow Minerals Limited and Simandou North Iron Project

Arrow Minerals Limited (ASX: $AMD) has reported strong first exploration results at the Simandou North Iron Project (SNIP) in Guinea, West Africa. The company has achieved high-grade iron assays and promising metallurgical results, with the intention of developing a direct shipping grade iron mining operation as soon as possible. The project, which hosts approximately 40 kilometres of interpreted strike of the Simandou iron formation, aims to sustain an accelerated path to production and exports.

Executive Commentary on Exploration and Development Strategy

Managing Director David Flanagan stated, 'We have made a very good start to our drilling program, particularly given that this is just the start of the first systematic campaign to be drilled at the project. We have also identified some large areas prospective for DSO-style detrital canga iron mineralisation. It is early days in this respect, and we have to undertake drilling and analysis to confirm grade and thickness, but given the short lead time to test the targets, we intend to pursue them as a priority. We have five rigs turning, hundreds of samples in the lab and thousands on the way so news flow will be strong from here on.'

Summary of ASX Announcement and Outlook

Arrow Minerals Limited has reported strong initial exploration results at the Simandou North Iron Project, including high-grade iron assays and promising metallurgical results. The company is actively exploring to discover substantial enriched BIF and canga style DSO iron mineralisation to sustain an accelerated path to production and exports. With the intention of developing a direct shipping grade iron mining operation as soon as possible, Arrow Minerals is executing a speed to market strategy, running five work programmes in parallel. The company's appointment of accomplished iron ore mine-builder and Mining Engineer, Jeremy Sinclair, to lead the accelerated mining plan reflects its commitment to achieving its goals. Arrow Minerals' focus on creating value for shareholders through the discovery and development of multiple economic iron ore deposits demonstrates its ambitious corporate strategy and commitment to growth.