Arrow Minerals secures $7M to propel Guinea’s Niagara bauxite & Simandou North iron projects

Arrow Minerals Limited, an Australian Securities Exchange-listed company, has announced that it has secured firm commitments from institutional and sophisticated investors for a capital raise of approximately $7 million through a Placement.

Arrow Minerals Limited is a dynamic exploration and development company dedicated to creating long-term shareholder value by uncovering and advancing economically viable mineral deposits in West Africa.

*According to a survey by the Australian government, Australian firms have nearly tripled their commercial interests in Africa over the past few years. This expansion has been remarkable, with 48 companies and 143 new projects launched in 2010 alone. The continent now hosts more Australian mineral and resource projects than any other region, spanning exploration, mining, smelting, and service operations across all major minerals. As large, low-cost resource projects have become scarcer in Australia, an increasing number of domestic companies have shifted their focus to Africa.

David Flanagan, Managing Director of Arrow Minerals, said, "We are delighted with the strong support received for this capital raising, which demonstrates the market's growing awareness of the significant potential of Arrow's bauxite and iron ore projects. This capital raising positions Arrow with a robust balance sheet, enabling the Company to finalise its maiden mineral resource estimate, complete a scoping study and undertake further drilling at the Company's Niagara Bauxite project."

"The quality and scale of the mineralisation demonstrated by recent drilling have illustrated the world-class nature of the Niagara Bauxite Project. We will also continue to progress with commercial studies and metallurgical test work and progress the environmental permitting process at both the Niagara Bauxite and Simandou North Iron Projects. We bid very well for the Placement and received strong support from new investors and the company's existing shareholders."

"We believe that these work streams will demonstrate the significant value of both of our projects in Guinea, which we anticipate will rapidly drive demonstrable shareholder value."

**Guinea has emerged as the world's leading producer and exporter of bauxite in 2023 and 2024, surpassing Australia in production and securing the top position globally.

Key takeaways

• Successful $7 million Placement to institutional and sophisticated investors.
• Funds raised from the Placement will be applied towards advancing the Company’s Niagara Bauxite Project and Simandou North Iron Project, including:

• Finalisation of the maiden JORC resource estimate at Niagara;
• Completing a Scoping Study on the Niagara Bauxite Project; and
• Undertaking further drilling, metallurgical test work, and permitting processes at the Company’s Niagara Bauxite and Simandou North Iron Projects.

*FDI Intelligence

**Global Aluminium Outlook 2025

Image credit: Arrow Minerals