Arrow Minerals Limited: Update on Bauxite Resource Drilling

Arrow Minerals Limited (ASX: AMD) announced that its inaugural drilling program at the Niagara Bauxite Project in Guinea is not only on schedule but surpassing expectations. Focused on three strategically chosen areas previously explored by Vale, this initiative is already achieving remarkable results thanks to exceptional drill penetration rates, reliable equipment performance, and optimal ground conditions. With 86 out of the planned 150 holes already completed, the program is progressing ahead of schedule and is set to conclude in November 2024. It anticipates the first results to come in by early December 2024. Geological logging conducted thus far has validated the presence of residual bauxite, aligning with the drill data from Vale's exploration in 2007.

Moreover, extensive past exploration—comprising 448 drill holes across various campaigns, including Vale's 180 holes in 2007—has laid a solid foundation for its current drilling efforts. This program is crucial for collecting data to estimate its maiden Indicated and Inferred Mineral Resources by mid-2025. Ultimately, this initiative will provide critical insights for a comprehensive Scoping Study scheduled for the June 2025 quarter, strategically positioning Arrow Minerals for a successful future.

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