Arrow Minerals (ASX:AMD) said the maiden mineral resource for the Niagara bauxite project in Guinea came in at 184.6 million tonnes at over 42% grade of aluminum oxide and 2.7% grade of silicon oxide, according to a Tuesday Australian bourse filing.
More than 75% of mineral resources, or 142 million tonnes, are in the higher confidence indicated category.
The large, high-grade mineral resource, characterized by low silica content provides a very strong basis for a scoping study, which is now underway and on track for reporting in June.
The company's shares were up almost 3% in recent Tuesday trade.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。