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Arrow Minerals Ltd (ASX:AMD)

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Announcement
Release
28 Apr 2026 10:05AM
Price at Release
$0.020
Full Release
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Summary
Arrow Minerals Limited has entered into a non-binding Memorandum of Understanding (MOU) with Soguipami, a government entity of Guinea, to collaborate on mineral exploration and development projects. The MOU aims to ensure clarity around permits and support the recommencement of field activities for the Niagara Bauxite and Simandou North Iron Projects. It establishes a framework for compliance with Guinea's Mining Code, promoting local business engagement and ensuring transparency and adherence to laws. The MOU is designed to maximize economic and social benefits while maintaining high health, safety, and environmental standards.
Key Points
  • Arrow Minerals Limited signed a non-binding Memorandum of Understanding (MOU) with Soguipami.
  • Soguipami is a 100% Guinea government-owned entity managing mineral rights.
  • The MOU supports clarity and certainty around permits for the Niagara Bauxite and Simandou North Iron Projects.
  • The MOU includes engagement for tenure status clarification to allow recommencement of field activities.
  • Partnership aims to explore additional mineral projects and development opportunities in Guinea.
  • Framework established for collaboration under Guinea's Mining Code and compliance with national policies.
  • The MOU encourages local business and employment participation and transparency in operations.
  • Health, safety, and environmental compliance standards are prioritized in the MOU.
  • Arrow Minerals seeks equitable outcomes and collaboration with government agencies and NGOs.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.