Arrow Minerals LimitedA
Arrow Minerals Limited (ASX: AMD; formerly Segue Resources Limited, renamed December 2017), based in West Perth, holds four projects: the Niagara Bauxite Project and the Simandou North Iron Project in Guinea, and the Yarraloola Copper and Yarraloola Iron Ore Projects in Western Australia's West Pilbara. Niagara, about 100km from the multi-user Trans-Guinean Railway, is held under an exploration permit granted to Arrow's subsidiary on 17 July 2026 and carries the company's only mineral resource: a maiden JORC estimate announced on 25 March 2025 of 185Mt at 42.3% Al2O3 and 2.7% SiO2, with higher-grade subsets of 138Mt at 44.0% Al2O3 and 48Mt at 48.2% Al2O3, and more than 75% of the tonnage in the Indicated category. A Niagara scoping study is in progress. Arrow completed the acquisition of an 80% interest in Yarraloola Copper in June 2026 and plans a 2026 drilling campaign there after reviewing core from seven historical diamond holes, the best of which, hole YD2, returned 32.7m at 0.7% Cu, 0.3% Pb, 0.4% Zn and 16.3g/t Ag from 54m; it has also enlarged its Pilbara iron ore holding and is planning to drill the Yarraloola iron ore targets. Arrow holds a 33.3% beneficial interest in Simandou North, which is subject to a Guinea Government review of uncertain outcome and timing. Because its only resource is bauxite, Arrow is classed under Other rather than copper. Arrow Minerals is not related to North Arrow Minerals Inc. (TSXV: NAR).
Notable vs. Peers
- Jurisdiction risk score of 4/10 is meaningfully riskier than the peer average of 7.7/10.
Lifecycle Milestones
Not yet determined: mill, tailings facility, grid power.
Combined view across 2 projects. Figures below are only combined where the underlying basis genuinely matches -- see the notes under each.
Jurisdiction (40%)4/10
Guinea: scored 4 in line with the other Guinea company on this site with no assets elsewhere (Asara Resources at 4; Predictive Discovery is at 5). Arrow names no flagship, so its country follows its most advanced project, the Niagara bauxite project in Guinea, its only project with a mineral resource; Guinea's evolving mining code, the 2021 military takeover and the government review hanging over Arrow's Simandou North interest weigh on the score. Its Yarraloola copper and iron ore projects in Western Australia are named as context and not blended into the score.
Infrastructure (40%)No verified figure
Researched with nothing found: no source we could cite confirms or rules out an existing mill, road access, grid power, or tailings facility at Niagara Bauxite Project, Mamou, Dalaba and Tougue prefectures, Guinea (checked Oct 7, 2026; recheck due Apr 5, 2027). Counts at a neutral 5/10 until one does.
Nearby producing mine (20%)Not yet researched
No project coordinates on file yet, so distance to a producing mine can't be measured.
Acquisition Susceptibility
A relative ranking of how closely this company matches the profile of juniors that have actually been acquired — not a probability, and not a reason to buy. Acquisitions are rare: only a few dozen significant deals happen a year across a universe of thousands of juniors, so even a high score here describes a long shot. The strongest signal in the research, a producer that already owns part of the company, is scored from its disclosed strategic shareholders. A producer that is a joint-venture or earn-in partner on the project, rather than a shareholder, isn't captured yet.
How this score is built
- Disclosed pending dealSub-score: Not scored
No pending acquisition or merger disclosed (checked)
Not scored: having no deal in flight isn't held against a company.
Weight 26.25% - Producer's strategic stakeSub-score: Not yet researched
Holder register not researched yet
Not scored: most juniors that do get bought had no prior toehold, so a missing stake says little either way.
Weight 25% - Distance to a producing mineSub-score: Not yet researched
Distance not yet researched: no project coordinates on file
Distance can't be measured without coordinates, so excluded rather than counted as far.
Weight 22.5% - Lifecycle stageSub-score:3.5/10
Stage: Resource Definition
Feasibility and permitting score 10, where deals cluster, and production 5.5; earlier stages score less, down to 1 at grassroots.
Weight 15% · 57% here - JurisdictionSub-score:4/10
Guinea: jurisdiction score 4/10
Our jurisdiction score, used as is: higher means lower political and permitting risk.
Weight 6.75% · 26% here - CommoditySub-score:2/10
Primary commodity: Other
Gold 10, copper 8, silver 5, nickel and uranium 4, others 2: most majors' deals are for gold.
Weight 4.5% · 17% here
Weight is each input's share of the full score. “Here” is its share of this company's score: inputs that aren't scored are left out and the rest re-weighted, never counted as zero.
Your Rankings
Management Team
Non-Executive Chairman of Arrow Minerals Limited (ASX: AMD). 45+ years in professional services (including Ernst & Young) and mining companies. Former director at Atlas Iron during its rapid growth and cost-cutting period, and former Chair of Sirius Resources prior to its takeover by Independence Group. Currently Non-Executive Director of NRW Holdings, Fleetwood Corporation and S2 Resources. Source: arrowminerals.com.au/directors-management/.
Managing Director of Arrow Minerals Limited (ASX: AMD). BSc (Mining & Mineral Exploration, WASM), FAICD. 30 years in mining/exploration across Australia, Indonesia and Africa. Founder and former Managing Director of Atlas Iron, developing Pilbara iron-ore export infrastructure. Former Chairman of Battery Minerals; currently Executive Chair of Delta Lithium. Source: arrowminerals.com.au/directors-management/.
Non-Executive Director of Arrow Minerals Limited (ASX: AMD) and Non-Executive Chairman of Ordell Minerals Limited (ASX: ORD). BSc (Hons), GDE (Mining), MBA. Geologist with 30 years' experience in mine geology, exploration, development and business development, including executive roles at Gold Fields Ltd. -- latterly Executive Vice President, Growth and International Projects, responsible for global greenfields exploration and project development. Former Chief Executive Officer of Troy Resources Limited and former Non-Executive Director of Sino Gold and Avoca Resources. Currently also Chairman of Prodigy Gold and Non-Executive Director of Evolution Mining and Thungela Resources. Sources: arrowminerals.com.au/directors-management/ and ordellminerals.com.au/board.
Non-Executive Director of Arrow Minerals Limited (ASX: AMD). Engineer with 40+ years in mining. Former Managing Director of MACA Limited, former Chief Operating Officer and Country Manager of African Mining Services (Ausdrill Ltd) across West and East Africa, and held a leadership role on Fenix Resources' Iron Ridge DSO project. Currently Non-Executive Chairman of Great Boulder Resources and Non-Executive Director of Albion Resources. Source: arrowminerals.com.au/directors-management/; goldenstatemining.com.au/team/chris-tuckwell/.
Insiders, Investors & Smart Money
Notable shareholders and insiders whose involvement is worth knowing about, plus what we're seeing from institutional/large-investor activity.
No smart-money tracking (institutional/large-investor activity) for this miner yet — this is a planned feature, not live data.
No notable insiders tracked for this miner yet.
Reports, Presentations & Documents
Arrow Minerals holds four projects: the Niagara bauxite project and the Simandou North iron project in Guinea, and the Yarraloola copper and Yarraloola iron ore projects in Western Australia's West Pilbara. Its only resource is at Niagara, held under an exploration permit granted to its subsidiary on 17 July 2026 and about 100km from the Trans-Guinean Railway, where a maiden JORC estimate announced on 25 March 2025 contains 185 Mt at 42.3% Al2O3 and 2.7% SiO2, more than 75% of it in the indicated category, including a higher-grade 138 Mt at 44.0% Al2O3; a scoping study on Niagara is in progress. Arrow completed the acquisition of an 80% interest in Yarraloola Copper in June 2026 and is planning a 2026 drilling campaign there after reviewing core from 7 historical diamond holes, the best of which, hole YD2, returned 32.7m at 0.7% copper, 0.3% lead, 0.4% zinc and 16.3 g/t silver from 54m. It holds a 33.3% beneficial interest in Simandou North, which is subject to a Guinea Government review of uncertain outcome and timing.