Arrow Minerals' maiden drilling at the Niagara Bauxite Project in Guinea confirms extensive mineralisation

The ASX-listed company, Arrow Minerals Limited, has published reports on further outstanding assay results from its maiden drilling program at the Niagara Bauxite Project in Guinea. Strategically located approximately 100 km from the multi-user Trans-Guinean Railway, the project offers significant logistical advantages for transportation and development.

Arrow Minerals Limited is an exploration and development company focused on delivering long-term shareholder value by discovering economic mineral deposits in West Africa.

The discovery of Niagara is rapidly evolving into a substantial resource, demonstrating high-grade potential within the trucking distance of a multi-user railway. Results from 111 drill holes are still pending.

The latest assays from 30 holes include:

• BS000096, 4 metres at 50.3 per cent Al₂O₃, 3.1 per cent SiO₂ from surface
• BS000072, 4 metres at 46.6 per cent Al₂O₃, 0.7 per cent SiO₂ from 1 metre
• BS000076, 6 metres at 47.1 per cent Al₂O₃, 2.3 per cent SiO₂ from surface
• BS000075, 15 metres at 43.1 per cent Al₂O₃, 3.7 per cent SiO₂ from surface
• BS000086, 3 metres at 50.1 per cent Al₂O₃, 4.4 per cent SiO₂ from surface
• BS000090, 7 metres at 43.8 per cent Al₂O₃, 4.1 per cent SiO₂ from surface
• BS000094, 3 metres at 48.8 per cent Al₂O₃, 3.3 per cent SiO₂ from surface
• BS000097, 2 metres at 54.6 per cent Al₂O₃, 2.2 per cent SiO₂ from surface

- Results from the first three batches, totalling 73 holes, confirm continuous high-grade bauxite over 5km²

- Results from 111 more holes testing additional extensions are due in the coming weeks.

- Guinea is the world’s largest producer of bauxite, typically attracting a premium for high-grade and low-silica content.

- Following the drilling of 180 holes (on 800 by 800 metres spacings) by Vale in 2007,

- Arrow has defined nine priority bauxite exploration target areas. The 5km² area comprises three of these targets.

- Discussions with potential bauxite customers are ongoing, generating significant interest at a time of record high bauxite prices of $US90-100/t CFR China.

Managing Director David Flanagan said, "These latest outstanding results confirm that Niagara is a substantial bauxite discovery with high-grade mineralisation already outlined over 5km², with results from another 111 holes offering the potential to grow the discovery further."

"This is all within trucking distance of a 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 are comfortably in line 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 prices that are currently at all-time record highs of circa US$100/t CIF China."

"Coupled with the broad expanse of bauxite prospective lithologies intersected in drilling and our proximity to the multi-user Trans-Guinean railway, the Niagara Bauxite Project presents an excellent opportunity to create value for shareholders, generate jobs in local communities, and position Arrow to achieve its goal of establishing itself as a new independent, highly profitable supplier of high-quality bauxite."

"With SRK's site visit due for January 2025, we aim to estimate a maiden Mineral Resource to form the basis for our planned Scoping Study to follow in the first half of 2025."

Image source: ABN Newswire; Arrow Minerals PR

Information credit: ABN Newswire; Arrow Minerals PR