Arrow Minerals Limited · ASX:AMD
Arrow Minerals — Resources Rising Stars 2024
33 slides from Arrow Minerals's conference presentation, Sep 3, 2024
Slide 1: Bulking Up: Using Common Infrastructure for Iron Ore and Bauxite
BULKING UP Using Common Infrastructure for Iron Ore and Bauxite Resources Rising Stars 2024 11.30am (AEST) 3rd September ASX:AMD
Slide 2: Disclaimer
DISCLAIMER This presentation has been prepared by Arrow Minerals Limited (Arrow or the Company). It contains general information about the Company’s activities current as at the date of the presentation. The information is provided in summary form and does not purport to be complete. This presentati
Slide 3: Iron Ore, Bauxite, Port, Rail, Transformation, Value
• IRON ORE • BAUXITE • PORT • RAIL • TRANSFORMATION • VALUE
Slide 4: Using Common Infrastructure for Iron Ore and Bauxite
USING COMMON INFRASTRUCTURE FOR IRON ORE AND BAUXITE 1. The Trans Guinean Multi-User Railway (TGR) is 25km from the Simandou North Iron Project and approximately 100km from Niagara Bauxite Project. TGR links directly to the Morebaya Port, with the port and rail due for commissioning late 2025.5 2. A
Slide 5: Corporate Overview
CORPORATE OVERVIEW Capital Structure Market Capitalisation $32m Shares on issue ~10.5b Performance rights 21m Unlisted options ~2.0b Cash at Bank 30 June 2024 $4.4m 1 Major Shareholders Bernadine Holdings Pty Ltd 5.3% AMD Board and Management 4.3% Top 20 Shareholders 40.2% 1. As at 1 August 2024. No
Slide 6: Board & Management – Proven Mining People
BOARD & MANAGEMENT – PROVEN MINING PEOPLE Jeff Dowling David Flanagan Tommy McKeith Chris Tuckwell BSc (Mining and Mineral NON-EXECUTIVE CHAIR BSc (Hons), GDE (Mining), NON-EXECUTIVE DIRECTOR Exploration WASM), FAICD More than 45 years experience across MBA, FAusIMM Engineer with over 40 years’ expe
Slide 7: The Time Is Now
THE TIME IS NOW “The timing is perfect, infrastructure is nearly built, we are progressing the assets and the demand for our commodities is looking great” ▪ Arrow’s Simandou North Iron Project and Niagara Bauxite Project1 are both advanced projects located in short trucking distance of the multi-use
Slide 8: Simandou North Iron Project
SIMANDOU NORTH IRON PROJECT “Targeting large scale, high quality, long life and capital light iron ore” ▪ 16 drill holes (826 metres) completed in 2023. ▪ 505 drill holes (9,476 metres) completed in 2024. ▪ Drilling at Simandou North Iron Project has delivered an oxide BIF Exploration Target of 281-
Slide 9: Simandou North Iron Project
SIMANDOU NORTH IRON PROJECT “Targeting large scale, high quality, long life and capital light iron ore” ▪ Plan to drill ~90 RC drillholes up to 80 metres deep for ~5,000 metres total. ▪ Drilling will initially focus on the area from Dalabitini North through to Kalako. It represents the oxide BIF min
Slide 10: Niagara Bauxite Project
NIAGARA BAUXITE PROJECT “A transformational project, close to the rail in the world’s most important Bauxite province” ▪ There are records of 448 drill holes completed on the project. Last drilled by Vale in 2007. ▪ Since 2007 the bauxite price has tripled from global bauxite consumption has more th
Slide 11: Niagara Bauxite Project
NIAGARA BAUXITE PROJECT “A transformational project, close to the rail in the world’s most important Bauxite province” ▪ ~200 holes for ~2,000 total to be drilled to confirm mineralization 40-46% Al2O3. Will use the holes, Vale drilled in 2006/2007 as a guide. ▪ Boussoura North and Boussoura West wi
Slide 12: Bauxite - Alumina - Aluminium
BAUXITE - ALUMINA - ALUMINIUM “Aluminium is an important strategic mineral of the future” ▪ Guinea is the world’s largest producer of DSO Bauxite at 155Mtpa & has high value in use & demand & receives a premium ~USD15-20/t1 for high grade/low reactive silica product at +45% Al2O3 ▪ Chinese domestic
Slide 13: Simandou North and Niagara - Next Steps
SIMANDOU NORTH AND NIAGARA - NEXT STEPS “We are completely focused on defining the most efficient and effective path to production, cashflow, growth and returns for shareholders.” 1. Simandou Hematite Fines Project: Our aim is to complete drilling, resource estimation, and a scoping study by mid-202
Slide 14: Appendix
APPENDIX Arrow Minerals Ltd (ASX: AMD) 14
Slide 15: Styles of SNIP Iron Mineralisation – Type Cross Section
STYLES OF SNIP IRON MINERALISATION – “TYPE” CROSS SECTION Hematite detrital Canga ~30 to 58% Fe Soft Oxide BIF ~35 to 46% Fe HG HEMATITE BIF ~55-65% FE Intact Oxide BIF ~33 to 43% Fe Hydrothermally enriched BIF Hematite Dominant ~55 to 65% Fe Fresh Magnetite BIF ~25 to 45% Fe Hydrothermally enriched
Slide 16: Styles of SNIP Iron Mineralisation – Type Plan View
STYLES OF SNIP IRON MINERALISATION – “TYPE” PLAN VIEW Hematite detrital Canga ~30-58% Fe HG hematite BIF Enriched hematite BIF ~55-65% Fe 1. Grade ranges ~50 to 60% Fe derived from drilling and rock chip sampling Arrow Minerals Ltd (ASX: AMD) 16
Slide 17: Styles of Bauxite Mineralisation – Type Cross Section
STYLES OF BAUXITE MINERALISATION – “TYPE” CROSS SECTION Arrow Minerals Ltd (ASX: AMD) 17
Slide 18: Niagara Bauxite Project – Elevation Model Analysis
NIAGARA BAUXITE PROJECT – ELEVATION MODEL ANALYSIS 3D view of Digital Terrain Model (DTM) looking to the North West from the South East Corner Digital Terrain Model (DTM) with coincident mapped bauxite targets Arrow Minerals Ltd (ASX: AMD) 18
Slide 19: Bauxite Historical Market
BAUXITE HISTORICAL MARKET Arrow Minerals Ltd (ASX: AMD) 19
Slide 20: Multiple Bulk Commodity Export Ports Linked by Road & Rail
MULTIPLE BULK COMMODITY EXPORT PORTS LINKED BY ROAD & RAIL 1. Morebaya Port – due end of 2025 2. Conakry Port - operating 3. Boffa Port - operating 4. Konta Port - operating Conakry Port Arrow Minerals Ltd (ASX: AMD) 20
Slide 21: Building a Better Future for Our Communities
BUILDING A BETTER FUTURE FOR OUR COMMUNITIES DEEPLY COMMITTED TO SUPPORTING THE LOCAL COMMUNITY AND RESPECTING THE ENVIORNMENT Environment Respect our environment and maintain highest standards On-going rehabilitation throughout life of project Social Create long term direct jobs maximizing sourcing
Slide 22: Detrital Hematite Canga Mineralisation at SNIP
DETRITAL HEMATITE CANGA MINERALISATION AT SNIP ▪ Accumulations of Canga have been discovered by Arrow adjacent to the upper weathering zones of BIF ▪ The Canga typically sits on the flanks of hills dominated by Oxide BIF ▪ Canga is also noted throughout the weathering profile, and overlying non-BIF
Slide 23: Building a Greener World
BUILDING A GREENER WORLD STEEL CRUCIAL IN THE TRANSITION TO NET–ZERO AMBITIONS AND THE DECARBONISATION CHALLENGE ▪ Electrification of the global economy is essential to reduce carbon emissions and alternative power sources to fossil fuel powerplants required ▪ Any transition to a low carbon economy
Slide 24: Strong Interest from Strategic Partners and Customers
STRONG INTEREST FROM STRATEGIC PARTNERS AND CUSTOMERS IRON ORE PRICING FREIGHT, LOGISTICS AND OTHER MARKET DATA FE % SIO2 % AL2O3 % P% S% REFERENCES Current freight Guinea to China is approx. USD $24-26/t BHP MAC Fines 60.8 5.5 2.6 0.1 0.06 Average loading time for a vessel at anchor is ~10 days BHP
Slide 25: Flat v Dipping Strip Ratio Explained
FLAT V DIPPING STRIP RATIO EXPLAINED1 Long and steep higher waste movement and expect a higher mining cost. Deeper Flat and Wide, low to no waste and expect a lower mining. mining cost. Shallow mining 1. There are no resources or reserves reported on the SNIP project and it is not certain that resou
Slide 26: Guinea – Large Mineral Endowment
GUINEA – LARGE MINERAL ENDOWMENT Arrow Minerals Ltd (ASX: AMD) 26
Slide 27: SNIP Metallurgical Testwork – Phase 1 Testwork
SNIP METALLURGICAL TESTWORK – PHASE 1 TESTWORK Phase 1 works provided ‘sighter level’ metallurgical testwork for both Oxide BIF and Fresh BIF mineralisation: • Two composite samples (Fresh BIF) were submitted for head characterisation and Davis Tube recovery (DTR) testwork. • Seven composite samples
Slide 28: Metallurgical Testwork – Phase 1 Testwork – Oxide BIF
METALLURGICAL TESTWORK – PHASE 1 TESTWORK – OXIDE BIF • Wet Gravity testwork (HLS and Wilfley table) showed high grade could readily be achieved by these individual stage tests. These were unit tests on specific size fractions completed to characterise and increase the understanding of the various o
Slide 29: Metallurgical Testwork – Phase 1 – Oxide BIF Results
METALLURGICAL TESTWORK – PHASE 1 TESTWORK – OXIDE BIF RESULTS Mass Concentrate Grade (%) Sample recovery (%) Fe SiO2 Al2O3 P S SR0030707 40.06 64.56 4.77 0.42 0.036 0.007 SR0030708 32.87 63.84 4.78 0.46 0.024 0.009 SR0030709 45.21 61.40 10.37 0.48 0.002 0.002 SR0030710 42.29 62.87 7.74 0.56 0.003 0.
Slide 30: Metallurgical Testwork – Phase 1 – Oxide BIF Samples
METALLURGICAL TESTWORK – PHASE 1 TESTWORK – OXIDE BIF SAMPLES Mineralisation Product Sp Sample type Fe SiO2 Al2O3 P S Soft Oxide SR0030707 46.23 30.7 0.93 0.035 0.007 BIF Soft Oxide SR0030708 45.12 30.8 0.79 0.030 0.006 BIF SR0030709 Intact Oxide BIF 44.96 34 0.77 0.060 0.001 SR0030710 Intact Oxide
Slide 31: Metallurgical Testwork – Phase 1 Testwork – Fresh BIF
METALLURGICAL TESTWORK – PHASE 1 TESTWORK – FRESH BIF Stage 1 Sighter testwork on Fresh BIF samples DTR Wt. Fe Fe SiO2 Al2O3 P S @ DISTn. Grade DISTn. Grade Grade Grade Grade 53µm, (%) (%) (%) (%) (%) (%) (%) 3000G MAG 48.0 71.0 86.3 0.85 0.01 0.004 0.002 • Fe grades in concentrate very high N-MAG 5
Slide 32: Metallurgical Testwork – Phase 1A Testwork
METALLURGICAL TESTWORK – PHASE 1A TESTWORK Stage 1A is partially complete with results available for Davis Tube results by grind size for the Fresh BIF sample DTR (refer below) The results are very positive, showing a range of grind sizes are available to produce high grade product specifications at
Slide 33: Arrow Minerals Limited
ARROW MINERALS LIMITED ASX : AMD Contact Address E: Unit 4, 38 Colin Street info@arrowminerals.com.au West Perth WA 6005 W: arrowminerals.com.au Media Enquiries Follow Us paul@readcorporate.com.au linkedin.com/company/arrow-minerals- limited twitter.com/arrowminerals Arrow Minerals Ltd (ASX: AMD) 33