Highlights

  • Arrow agreed to acquire a 70% interest in an iron ore project next to Yarraloola and lodged 13 new exploration licence applications.
  • A binding agreement to acquire the Turee Creek Iron Project near Paraburdoo was signed after the quarter.
  • A new three-year Industrial Exploration Permit was granted for the Niagara Bauxite Project in Guinea.
  • Cash was $2.02 million at 30 September 2026.

Arrow Minerals Limited (ASX:AMD) has released its quarterly activities report for the period ended 30 September 2026. The quarter focused on consolidating Pilbara tenements for iron ore and copper, while also advancing its bauxite project in Guinea.

Pilbara Consolidation Strategy

Managing Director David Flanagan said the priority is to build a pipeline of Pilbara development projects, starting with ground around Yarraloola. During the quarter, Arrow agreed to acquire a 70% interest in a DSO-grade iron ore project adjoining Yarraloola from Leeuwin Metals and secured a 12-month option over two further applications. It also lodged 13 new exploration licence applications covering 979 km².

After the quarter, Arrow signed a binding agreement to acquire the Turee Creek Iron Project near Paraburdoo. Combined with adjoining applications, the landholding covers 833 km², including 48 km² of mapped Brockman Iron Formation. The company notes that less than 5% of the prospective lithology has been tested.

Yarraloola Copper Targets

At the Yarraloola Copper Project, in which Arrow holds 80%, a 791-station infill gravity survey was completed over the Ava, Fraser and Mr Thomas targets. An Exploration Incentive Scheme grant of $25,500 will co-fund IP and electromagnetic surveys.

Heritage surveys are scheduled for 26 to 30 November 2026 to allow drill testing at the historical Yarraloola copper mine, which has not been drilled since the 1970s. Historical core in the government core library includes an intercept of 32.7m at 0.7% Cu and 16.3 g/t Ag from 54.0m, and Arrow is working to test this core for gold.

Guinea Projects and Financial Position

In Guinea, a new Industrial Exploration Permit for the Niagara Bauxite Project was granted for an initial three-year term. Environmental and social fieldwork has been completed, the scoping study is being updated, and further drilling is planned. At Simandou North, exploration remains suspended while Arrow seeks clarification on the tenure status of its permit.

Cash at quarter end was $2.02 million. Operating cash outflow was $869k, and investing outflows of $454k were mainly for tenement acquisitions. The Appendix 5B estimates about 2.3 quarters of funding.

Key Takeaways

  • Arrow is rapidly building a consolidated Pilbara iron ore and copper portfolio.
  • Turee Creek adds a large, largely untested Brockman Iron Formation position.
  • Niagara's new permit supports ongoing bauxite studies in Guinea.
  • Simandou North tenure remains uncertain, and the cash runway is just over two quarters.