Niagara bauxite discovery grows to 12sqkm as latest drilling returns exceptional grades

Arrow Minerals Limited (ASX: AMD) is pleased to report more outstanding assays from its maiden drilling program at the Niagara Bauxite Project in Guinea.  The project is located within trucking distance (~100km) of the multi-user Trans-Guinean Railway.

Arrow has already completed the first pass of baseline environmental studies and community engagement. It has also started recruiting people from local communities to support the current operations.

Arrow Managing Director David Flanagan said, “These latest assays provide more firm evidence that Niagara is a major discovery. We have identified high-grade mineralisation over a combined area of 12km2, and this is based on just three of the nine targets we have identified.”

“The mineralisation is open; we have assays pending from another 39 holes and numerous other targets to test.”

“This is all within trucking distance of the Simandou multi-user railway at a time of record alumina and bauxite prices.”

“Guinea is the world’s largest and most important supplier of high-quality bauxite.  These results continue to compare favourably with the product that has made Guinea the world’s number one bauxite producer.”

“Guinea bauxite is in high demand, contributing approximately 30 per cent of global supply with a premium product specification at 45 per cent Al₂O₃ and 3 per cent SiO₂, attracting premium pricing that is currently at all-time record highs of up to US$120/tonne CIF China.”

“With SRK’s site visit scheduled for January 2025, we are on track to estimate a maiden Mineral Resource to form the basis for our planned Scoping Study to follow in the first half of 2025.”

The latest assays from 40 holes include:

• BS000137, 12 metres at 46.4% Al2O3, 4.2% SiO2 from surface,
• BS000112, 9 metres at 47.5% Al2O3, 1.0% SiO2 from surface,
• BS000121, 11 metres at 44.9% Al2O3, 2.1% SiO2 from surface,
• BS000120, 10 metres at 44.9% Al2O3, 2.4% SiO2 from surface,
• BS000138, 5 metres at 50.9% Al2O3, 3.4% SiO2 from surface,
• BS000160, 7 metres at 48.9% Al2O3, 3.8% SiO2 from surface,
• BS000118, 4 metres at 45.4% Al2O3, 1.9% SiO2 from surface,
• BS000122, 8 metres at 48.3% Al2O3, 8.7% SiO2 from surface,
• BS000124, 9 metres at 44.5% Al2O3, 2.7% SiO2 from surface,
• BS000119, 3 metres at 45.0% Al2O3, 2.5% SiO2 from surface,
• BS000114, 6 metres at 46.5% Al2O3, 2.4% SiO2 from surface,
• BS000173, 11 metres at 43.9% Al2O3, 2.9% SiO2 from surface,
• BS000123, 9 metres at 49.4% Al2O3, 6.9% SiO2 from surface,
• BS000166, 3 metres at 49.7% Al2O3, 1.1% SiO2 from surface,
• BS000165, 7 metres at 43.9% Al2O3, 1.1% SiO2 from surface,
• BS000168, 12 metres at 43.8% Al2O3, 1.7% SiO2 from surface,
• BS000110, 4 metres at 47.6% Al2O3, 5.0% SiO2 from surface,
• BS000117, 11 metres at 43.5% Al2O3, 0.8% SiO2 from surface,
• BS000115, 4 metres at 47.6% Al2O3, 0.7% SiO2 from surface.

Note: This press release, issued by Arrow Minerals Limited​​​​​​, is published as received without edits from AL Circle.