Fraser Range Nickel Project

Arrow Minerals has a 49% interest in over 2,500km2 of exploration licences in the Fraser Range Province, 300km east of Kalgoorlie. The project is highly prospective for massive nickel sulphide mineralisation, similar to the Nova-Bollinger nickel-copper deposits. Arrow Minerals has entered into a joint venture with Independence Group NL (ASX: IGO), whereby IGO can increase its interest in the Project to 90% by spending $5m on exploration by January 2022.

Fraser Complex showing Plumridge Nickel JV tenements

IGO will immediately commence exploration at the Project, utilising the geophysical datasets acquired by Arrow over the past three years, including the recently acquired HeliTEM airborne electromagnetic (AEM) survey. Over the next 12 months, IGO’s exploration plan includes Ground Moving Loop EM testing of HeliTEM anomalies, Spectrem AEM over areas not tested by HeliTEM, aircore drilling of specific targets and reverse circulation/diamond drilling of EM conductors confirmed by MLEM.