Arrow Minerals Quotes 5,454,546 Shares as Option Fee for Pannawonica Iron Ore Project

Aditi Sarkar

13 November 2026 02:52 PM AEDT

Arrow Minerals Quotes 5,454,546 Shares as Option Fee for Pannawonica Iron Ore Project

Image Source: Krish Capital Pty Ltd

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Arrow Minerals Ltd (ASX:AMD) has applied for quotation of 5,454,546 fully paid ordinary shares on the ASX, issued on 13 November 2026 as option fee shares in connection with an option agreement to acquire the Pannawonica Iron Ore Project.

Key Points

5,454,546 ordinary fully paid shares issued and quoted on 13 November 2026
Shares represent an option fee in connection with the option agreement to acquire the Pannawonica Iron Ore Project
Consideration estimated at AUD $0.0275 per security
Total quoted ordinary shares on issue following quotation: 1,736,993,412
No further issues of securities are required to complete the transaction referenced in the Appendix 3B

Pannawonica Iron Ore Project Option Fee Share Issue

Arrow Minerals Ltd applied for ASX quotation of 5,454,546 fully paid ordinary shares, issued on 13 November 2026. According to the filing, the shares were not issued for cash consideration. Instead, they represent option fee shares issued in connection with the option agreement to acquire the Pannawonica Iron Ore Project. The company referenced its filing dated 10 November 2026 for further details regarding the option agreement. The estimated value of the consideration provided per security was disclosed as AUD $0.0275.

Issued Capital Following Quotation of New Shares

Following the quotation of the 5,454,546 shares, Arrow Minerals' total quoted ordinary fully paid securities on issue are recorded at 1,736,993,412. The company also holds a range of unquoted securities, including options and performance rights. These include 75,000,000 options expiring 24 June 2030 with an exercise price of $0.007, 114,318,146 options expiring 28 February 2027 at $0.064, 42,400,000 performance rights, and several other option classes with varying expiry dates and exercise prices as disclosed in the filing.

Transaction Background and Appendix 3B Reference

The shares subject of this quotation application were issued as part of a placement or other type of issue previously notified to the ASX via an Appendix 3B, with the original announcement recorded on 10 November 2026 at 11:39 am, titled "New - Proposed issue of securities - AMD." The filing confirms no further issues of securities are yet to take place to complete the transaction referred to in that Appendix 3B. The quotation application was lodged on 13 November 2026 under the entity name Arrow Minerals Ltd with ACN 112609846.

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