Arrow Minerals (ASX:AMD) expects to complete a mineral resource estimate at its Niagara bauxite project in Guinea by March and a scoping study by June, according to a Tuesday filing with the Australian bourse.
The company reported that 154 holes from the 184 holes drilled in its 2024 program returned 887 meters grading above 40% aluminum oxide from a total of 2,163 meters sampled.
The scoping study is currently in a planning phase in terms of consultant selection, confirming the scope of work and identifying work packages.
The company has already started some key work streams associated with the scoping study, which will evaluate Niagara as a potential standard direct shipping ore project, according to David Flanagan, the firm's managing director.
The company's offtake and strategic partnership discussions are ongoing.
Arrow Minerals' shares were down nearly 3% in recent Wednesday trade.
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