Arrow Minerals Limited Reports Promising Start

Update on Exploration Results and Critical Equipment Delivery

Perth, Australia - August 6, 2024 AEST

Arrow Minerals Limited (ASX: AMD) is pleased to announce a positive update on its exploration activities and the progress of critical equipment delivery.

The company has reported promising exploration results from its Simandou North Iron Project (SNIP) in Guinea, West Africa. The latest assays support Arrow Minerals' strategy to establish a direct shipping grade (DSG) iron mining operation by June 2025.

Arrow Minerals is also actively preparing for the delivery of critical equipment, which is expected to arrive in Guinea shortly. This equipment is essential for the operation's development and is expected to significantly enhance production capacity.

The company remains committed to developing a sustainable and profitable DSG iron mining operation in West Africa. By leveraging the development of the giant Simandou mine, Arrow Minerals is well-positioned to benefit from the growing demand for high-quality iron ore in global markets.