Arrow Minerals Limited · ASX:AMD
Arrow Minerals — Corporate Update (May 2024)
25 slides from Arrow Minerals's corporate update, May 20, 2024
Slide 1: Simandou North Iron Project Market Update
SIMANDOU NORTH IRON PROJECT Market update May 20, 2024 This is an image of the Conakry Port in Guinea is operated by Page 1 Albayrak Group under 25 year lease from the Conakry Ports SA.
Slide 2: Key Messages
Key Messages • The Arrow project is along strike and adjoins the giant Simandou iron ore project under development by Winning Consortium3/SimFer JV(RIO/Chalco/Bauwu) 1 • At 4.6bt at 65% Fe, Simandou is the worlds largest1,3 undeveloped high grade iron ore project. High-grade, low-impurity iron ores
Slide 3: Corporate Overview
Corporate Overview 1 Market Capitalisation at 0.4c $41m 2 Cash at 31 March 2024 $8.5m Shares on issue (ASX:AMD) ~10.1b Convertible note3 $0.5m Performance rights 36m Unlisted options ~2.0b Major Shareholders4 Bernadine Holdings Pty Ltd 5.5% AMD Board and Management 5.8% Top 20 Shareholders 37.2% 1.
Slide 4: Board and Management
Board and Management Jeff Dowling David Flanagan Tommy McKeith Alwyn Vorster NON-EXECUTIVE CHAIR BSc (Mining and Mineral Exploration WASM), FAICD BSc (Hons), GDE (Mining), MBA, FAusIMM BSc (Hons), MSc, MBA More than 45 years experience across professional MANAGING DIRECTOR services with Ernst and Yo
Slide 5: Simandou - the world's largest undeveloped high grade iron ore project
“Simandou - the world’s largest undeveloped high grade iron ore project” “A country with remarkable people and amazing potential” 1. Performance rights subject to performance hurdles: Page 5
Slide 6: Multiple bulk commodity export ports linked by road and rail
Multiple bulk commodity export ports linked by road and rail 1. Morebaya Port – due end of 2025 2. Conakry Port - operating 3. Boffa Port - operating 4. Konta Port - operating 1. Image of trans shipping infrastructure supplied by TSA, Transhipment Services Australia. Arrow Minerals (ASX:AMD) is not
Slide 7: Simandou North – "Amazing neighbours"
Simandou North – “Amazing neighbours” • The Arrow Minerals Project tenure boundary is only 15 km along strike from WCS resource 1.8Bt at 65% Fe2 • Further south along strike, the Rio Tinto Simfer JV hosting a further 2.8Bt at 65% Fe1 • At 4.6Bt at 65% Fe, Simandou (Simfer plus Winning combined resou
Slide 8: Rail Corridor – looking North
Rail Corridor – looking North Arrow Minerals’ Simandou North Iron Project Kerouane Town TGR JV Railway Simandou Range and WCS Iron Deposits WCS Project Site Regional Public Road 1. This image was captured from Google Earth. Arrow Minerals (ASX:AMD) is not the owner of any port, shipping or rail infr
Slide 9: Simandou North Iron Project
Simandou North Iron Project • In addition to BIF related surface enrichment, detailed mapping has confirmed 10km2 of highly prospective hematite detrital canga • 197 drill holes (5,069 metres) completed on all prospects since 9th Feb 2024 • 63 holes (3,045 metres) at Dalabatini, Diassa, Kowouleni an
Slide 10: Styles of SNIP Iron mineralisation – cross section
Styles of SNIP Iron mineralisation – cross section Enriched hematite BIF ~50 to 60% Fe Hematite detrital Canga ~50 to 60% Fe Fresh Magnetite BIF ~25 to 45% Fe HG hematite BIF ~55-65% Fe Hydrothermally enriched Hydrothermally enriched BIF BIF Magnetitie Dominant Hematite Dominant 55 to 65% Fe 55 to 6
Slide 11: Styles of SNIP Iron mineralisation – Plan
Styles of SNIP Iron mineralisation - Plan Hematite detrital Canga ~50-60% Fe HG hematite BIF ~55-65% Fe Enriched hematite BIF ~50 to 60% Fe 1. Grade ranges derived from drilling and rock chip sampling Page 11
Slide 12: Kowouleni/Kalako – Prospects
Kowouleni/Kalako – Prospects “Enriched Hematite BIF and Hematite Detrital Canga ” • 32 drill holes (1,202 metres) completed • 13 holes (840 metres) completed targeting hematite BIF • 19 holes (362 metres) completed targeting hematite detrital canga • Results are due from late May • 204 holes (3,060
Slide 13: Dalabatini - Prospect
Dalabatini - Prospect “Enriched Hematite BIF and Hematite Detrital Canga ” • 25 diamond drill holes (1,749 metres) completed targeting hematite enriched BIF. 5 holes reported • 108 RC drill holes (1,758 metres) completed targeting hematite detrital canga • All samples have been delivered to the labo
Slide 14: Central - Prospect
Central - Prospect “Enriched Hematite BIF and Hematite Detrital Canga ” • 7 RC drill holes completed (73 metres) • 56 holes (840 metres planned for May/June • Results are due starting in July • Approx 0.9km2 of mapped hematite detrital canga Page 14
Slide 15: Diassa - Prospect
Diassa - Prospect “Enriched Hematite BIF and Hematite Detrital Canga ” • 6 diamond drill holes (500 metres) completed testing both hematite BIF and hematite detrital canga • 32 RC holes (480 metres) due for completion in May • Samples have been submitted or are in transit to the laboratory for analy
Slide 16: Komodou North - Prospect
Komodou North - Prospect “Enriched Hematite BIF and Hematite Detrital Canga ” • Arrow has planned to initially complete 95 drill holes testing hematite canga for a combined 1,425 metres in June and July • Results are due from August onwards • Approx 2km2 of mapped hematite detrital canga Page 16
Slide 17: Going Forward
Going Forward 1. Drilling results due from the laboratory for all first pass and infill drilling on all targets. Expect to maintain this though the year 2. Shift to predominantly RC drilling 3. On target to complete total of 15,000 metres of drilling by the end of July 2024 4. Progress updates on va
Slide 18: Appendix
ARROW MINERALS Appendix Page 18
Slide 19: 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 so
Slide 20: Detrital Hematite Canga Mineralisation at Simandou North Iron Project
Detrital Hematite Canga Mineralisation at Simandou North Iron Project • 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,
Slide 21: 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 22: Strong interest from strategic partners and customers
Strong interest from strategic partners and customers Freight, logistics and other market data Iron ore pricing 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 BHP Yandi Fines 56.7 6.7 1.9 0.05 0.05 Average loading time
Slide 23: Conakry Port, Boffa Port, Konta Port, Morebaya Port
Conakry Port Boffa Port Konta Port Morebaya Port This image was captured from Google Earth. Arrow Minerals (ASX:AMD) is not the owner of any port, shipping or rail infrastructure depicted or described in this documentPerformance rights subject to performance hurdles: Page 23
Slide 24: 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 25: Arrow Minerals Limited
ARROW MINERALS LIMITED ASX : AMD CONTACT ADDRESS Email: info@arrowminerals.com.au Suite 5, 63 Hay Street Website: arrowminerals.com.au Subiaco WA 6008 Media Enquiries: FOLLOW US ON SOCIAL MEDIA Paul@readcorporate.com.au www.linkedin.com/company/arrow-minerals-limited twitter.com/arrowminerals Page P