Arrow Minerals caps “transformative” FY2021 with sights set on Burkina Faso and Western Australia

Arrow Minerals caps “transformative” FY2021 with sights set on Burkina Faso and Western AustraliaArrow Minerals Ltd - Arrow Minerals caps “transformative” FY2021 with sights set on Burkina Faso and Western Australia


Arrow Minerals Ltd (ASX:AMD) has highlighted a transformative 12 months ending June 30, 2021, with the company entering into several commercial agreements to acquire access to high-quality exploration permits, divesting non-core assets whilst retaining value options and growing the technical capability of the team.

The company is positioned well for an exciting year ahead, as it builds on its ongoing discovery success in Burkina Faso.

Arrow now has access to over 1,200 square kilometres of contiguous exploration ground in the highly prospective gold-rich Paleoproterozoic Boromo belt, an area referred to as the Vranso Project.

The company will also benefit from exposure to upside on its three joint ventures – the Arrow-Fortuna Silver JV in Burkina Faso, the 1% NSR carried on its Western Australian Plumridge nickel JV with IGO, and the recently signed farm-out agreement with Electrostate on the Malinda Lithium project in Western Australia.

Vranso Project

Within the Vranso Project in Burkina Faso, exploration is focussed on the Divole East and West permits.

Arrow has made a new discovery on the Divole West permit – the Dassa Gold deposit.

Dassa sits within a 5-kilometre long zone of highly anomalous gold in soil and auger sampling, the full extent of which remains to be tested.

Further auger and reverse circulation (RC) drilling continue to expand the known footprint of this significant discovery that remains open along strike, down-dip and at depth.

Exploration drilling was also conducted on the Divole East Permit, with 2,385 metres of RC drilling completed at the new Poa prospect, identifying gold mineralisation that extended the Divole East mineralised corridor to a strike-length of 7.5 kilometres.

Strickland Project

In Western Australia, at the company’s 100% owned Strickland Project, seven drill holes were completed to test airborne geophysical anomalies.

Downhole geophysical surveys identified an off-hole downhole electromagnetic anomaly in one of those holes that sits beneath the completed drilling and corresponds with a thick and highly anomalous copper intersection in nearby drilling.

Plumridge Nickel Project

At the Plumridge Nickel Project, Arrow opted to convert its contributing 10% to a 1% NSR (net smelter royalty).

This will enable Arrow to focus its resources on its high-quality precious and base metals projects while retaining exposure to any IGO success at Plumridge.

New appointment

Arrow’s board and management team was bolstered during the year by the appointment of Hugh Bresser as Technical Director.

Hugh brings a breadth and depth of highly relevant experience to the company and will serve on the board and as a hands-on technical expert.

Strong financial position

The work completed over the past twelve months has allowed Arrow to gain value from its non-core assets and paved the way to add to its gold discoveries in Burkina Faso.

Arrow’s strong financial position enables the company to organically grow the Burkina Faso gold inventory through ongoing discovery success as well as follow up on the positive results at Strickland.

Arrow Minerals executive director lifts indirect interest through on-market purchase

Arrow Minerals executive director lifts indirect interest through on-market purchaseArrow Minerals Ltd - Arrow Minerals executive director lifts indirect interest through on-market purchase


Arrow Minerals Ltd (ASX:AMD) executive director Hugh Bresser has increased his interest in the company through an on-market purchase of shares.

The 3 million shares valued at $18,000 were acquired on September 10 for an indirect interest.

Bresser, who was appointed as a technical director in July, now holds 6 million fully paid ordinary shares in the company through that interest.

About Arrow Minerals

Arrow Minerals Ltd is a Western Australian-based mineral exploration company, targeting gold, lithium and nickel.

The company is aiming to advance a portfolio of exploration projects to economic discoveries within a short space of time.

Its projects in Burkina Faso and Western Australia provide exposure to exploration potential in two of the most prospective geological environments in the world.

Arrow Minerals consolidates strong gold position within Boromo Belt in Burkina Faso

Arrow Minerals consolidates strong gold position within Boromo Belt in Burkina FasoArrow Minerals Ltd - Arrow Minerals consolidates strong gold position within Boromo Belt in Burkina Faso


Arrow Minerals Ltd (ASX:AMD) has consolidated its leading position within the gold-rich Boromo Belt in Burkina Faso through acquiring the key Tombi-Ouest permit for staged payments totalling $170,000 along with a 1% NSR.

The acquisition extends the Vranso Project and provides Arrow with a dominant position in the Boromo Belt, a subdivision of the world-class Birimian Paleoproterozoic Greenstones and host to numerous multi-million-ounce gold deposits in Burkina Faso.

Localised structural traps for gold have neem identified within a regional shear zone, and Arrow is targeting gold mineralisation using historical exploration data collected and analysed primarily with a base metal focus.

Arrow is proceeding with an aggressive exploration program to rapidly advance targets toward drilling in preparedness for the conclusion of the wet season.

“Knits together our position”

Arrow’s managing director Howard Golden said: “This purchase option knits together our position in Burkina Faso.

“We have consolidated an 80-kilometre extent of the Boromo Shear Zone that has primarily been explored for base metals, despite numerous indications of significant gold occurrences including artisanal workings and our discovery at Dassa.”

Vranso Project exploration permits map including Tombi-Ouest within the gold-rich Paleoproterozoic Boromo Belt, Burkina Faso.

Increase in land package

Vranso Project is 100 kilometres west of the capital of Burkina Faso, Ouagadougou, and consists of nine semi-contiguous exploration permits extending over 80 kilometres along the main NE-SW trending Boromo shear zone.

The addition of Tombi-Ouest Permit increases the company’s total land package to over 1,300 square kilometres of fertile gold ground.

Following the acquisition, Arrow is now in the unique position of evaluating a continuous 80 kilometres of a known regional structural shear zone to identify local-scale structural focusing of gold mineralising fluids.

Tombi-Ouest permit comes with a substantial volume of soil geochemistry, trenching and geophysical data collected with the discovery of base metals, primarily zinc, in mind.

The information generated and developed from this analysis will factor directly into the target development for the upcoming drilling program.

Gold exploration program

The ASX-lister will combine this information with the extensive historical data recently obtained as part of the Trevali agreement to form a coherent image of the geology and mineralised systems that extend through the Vranso Project area.

Exploration teams are conducting regional stream sediment geochemical surveys in the northern permits, Pilimpikou, Kordie and Viveo and auger soil surveys to the south on the Dyapya permit.

The company expects results from these surveys to be available within the next two months.

Golden said: “Arrow is now embarking on a transformative gold exploration program.

“We are integrating historical information with our modern data and examining the 80 kilometres belt as one expansive project.”

As a result of all these activities, the company, at the end of the rainy season, will be positioned to aggressively undertake a diamond and reverse circulation drilling program targeting new gold systems in combination with expanding upon the already identified deposits at the Dassa and Pao prospects.

Vendor Agri-Bio retains a 1% NSR which Arrow can purchase for a one-off payment of US$2 million.

Arrow Minerals sharpens focus on Africa exploration following lithium earn-in deal

Arrow Minerals sharpens focus on Africa exploration following lithium earn-in deal


Arrow Minerals Ltd (ASX:AMD)'s Howard Golden speaks to Proactive soon after announcing they've partnered with Electrostate Pty Ltd to advance its Malinda lithium project in Western Australia under an earn-in agreement. Ultimately, the binding term sheet allows the private company to earn up to 85% of Arrow's WA lithium play over time. Golden says the move allows them to focus on their high priority base and precious metals projects in Burkina Faso and Western Australia.

Arrow Minerals inks earn-in agreement to advance non-core Malinda Lithium Project

Arrow Minerals inks earn-in agreement to advance non-core Malinda Lithium ProjectArrow Minerals Ltd - Arrow Minerals inks agreement to advance Malinda Lithium Project


Arrow Minerals Ltd (ASX:AMD) has partnered with Electrostate Pty Ltd to advance its Malinda Lithium Project in Western Australia under an earn-in agreement.

Ultimately, the binding term sheet allows the private company to earn up to 85% of Arrow's WA lithium play over time.

Under the deal, Electrostate can explore over three key tenements during an 18-month period while Arrow remains focused on its priority gold and base metal portfolio.

To kick off the agreement, Electrostate will pay $60,000 to Arrow as an initial consideration.

“Significant upside” for both parties

Arrow Minerals chief executive officer Howard Golden said: “This agreement has significant upside for Arrow, as well as our earn-in partner Electrostate.

“This allows the highly prospective Malinda project to be rapidly advanced while allowing Arrow to focus on its high priority base and precious metals projects in Burkina Faso and Western Australia.

“The exposure to a successful outcome in the lithium space puts Arrow in a position to quickly benefit from the rapidly expanding energy minerals market.

“We look forward to continuing our successful exploration efforts in Africa and Australia and anticipate that the Malinda project will move forward rapidly to a mutually beneficial result.”

Agreement details

Under the binding term sheet, Electrostate has agreed to a number of considerations to earn the right to acquire an 85% stake in the Malinda asset.

In addition to the $60,000 down payment, the private company will issue Arrow 5% of the fully paid, ordinary shares in its share capital once it goes public.

Electrostate will also earn a 75% interest in the three exploration tenements by sole funding $1 million over 18 months.

The earn-in partner can increase that stake to 85% with a further $290,000 investment.

As it explores at Malinda, Electrostate will sole-fund all activities through to a pre-feasibility study.

After this stage, an Arrow-Electrostate joint venture will operate the project based on their respective ownership percentages.

Arrow may then fund proportionally, dilute, or convert to a 1% net smelter royalty.

Malinda Lithium Project

Arrows agreement with Electrostate covers three exploration tenements in northwest WA that comprise the Malinda lithium asset.

These tenements sit within a southeast-trending belt in the Gascoyne Province of the Capricorn Orogen.

Promisingly, this area is well endowed with pegmatite-associated minerals, with historical workings recording the presence of highly anomalous lithium and tantalum.

Arrow has already completed geochemical, geophysical, hyperspectral and drilling work on the tenements.

Historically, this activity uncovered:

  • 23 metres at 0.98% lithium oxide;
  • 2 metres at 1.71% lithium oxide; and
  • 11 metres at 323 parts per million tantalum pentoxide.

Arrow Minerals continues aggressive exploration programs across Burkina Faso projects

Arrow Minerals continues aggressive exploration programs across Burkina Faso projects

Arrow Minerals hones in on extensive gold mineralised system during RC drilling at Divole East

Arrow Minerals hones in on extensive gold mineralised system during RC drilling at Divole EastArrow Minerals Ltd - Arrow Minerals hones in on mineralised gold system during RC campaign at Divole East


Arrow Minerals Ltd (ASX:AMD) has pinpointed an extensive mineralised gold system during a drilling campaign at its Poa prospect, which lies within the Divole East permit area in Burkina Faso.

The mineral exploration company returned as much as 9.9 g/t gold during its wide-spaced reverse circulation (RC) program, which involved 17 drill holes testing beneath shallow geochemical anomalies at the prospect.

Overall, 13 of these drill holes intersected broad zones of gold associated with structurally controlled quartz veins, returning several high-grade results.

Now, exploration continues over the broader Vranso Project at Burkina Faso, with an auger soil sampling campaign taking place to the south.

Exploration “continues to deliver”

Commenting on the RC program, Arrow Minerals managing director Howard Golden said: “Arrow’s exploration program in Burkina Faso continues to deliver important results as we move toward a major new discovery.

“The latest outcomes from Poa, when considered with the previous reported results from Main and Fold Nose 3, show an expansive gold mineralised system extending over 7.5 kilometres and remaining open in all directions.

“We have over 1,000 square kilometres of highly prospective Paleoproterozoic greenstones in the world-class Boromo belt within Burkina Faso.

“This result is proof the gold potential of this least explored and most prospective portion remains untested.

“Arrow’s highly motivated exploration team is aggressively moving our exploration programs forward, currently in the field collecting stream and soil samples while we are diligently compiling and interpreting newly acquired historical data.

“This work will allow us to commence drilling as soon as practical following the wet season in Burkina Faso.”

The results are in

Arrow completed RC drilling in two distinct areas at Poa, sitting around 500 metres apart.

The gold prospect lies just 5 kilometres northeast of the Main and Fold Nose prospects, where Arrow has already discovered significant gold mineralisation.

Results to date include 17 metres at 1.2 g/t gold, 3 metres at 3.7 g/t and 5 metres at 1.4 g/t.

These intersections succeed drilling results from the Boromo target, which include 10 metres at 4.3 g/t, 8 metres at 1.7 g/t and 10 metres at 1.2 g/t on the Divole East permit.

Some of the best hits from the RC program at Poa include:

  • 9.9 g/t gold over 1 metre within 3 metres at 3.5 g/t from 57 metres;
  • 4.4 g/t over 2 metres within 10 metres at 1.3 g/t from 43 metres;
  • 2.5 g/t over 2 metres within 3 metres at 1.8g/t from 38 metres;
  • 3.6 g/t over 1 metre within 2 metres at 2.1 g/t from 111 metres; and
  • 4.5 g/t over 1 metre from 16 metres.

Links to D1 trend

The gold grade distribution in both drill targets at Poa looks to be linked to the density and thickness of a specific phase of mineralised quartz veins associated with shear zones.

Although the exact orientation of these zones is unclear, they’re likely related to a regional gold trend known as D1.

Ultimately, Arrow believes the orientation of the gold-bearing structures at Poa prospect, as well as the broader Divole East permit region, is significant.

If the D1 orientation is a major influence on the mineralisation distribution at Poa prospect, results from recent drilling may reflect a number of sub-anastomosing sheeted vein sets.

Essentially, this would bode well for a large shallow oxide gold style target that is amenable to open-pit mining.

Moving ahead, Arrow will incorporate the recently acquired historical data with the Poa drilling results and conduct further analysis on the potential of the Divole East permit area.

The Vranso Project

Both the Poa prospect and Divole East form part of Arrow’s broader 1,216-square-kilometre landholding in Burkina Faso.

Since acquiring the extensive land package, known as the Vranso Project, the ASX-lister has sought to unlock its prospectivity with exploration and fieldwork.

Stream sediment sampling is taking place over Vranso’s northern tenements, while auger soil sampling continues to the south.

Arrow also has access to historical geochemical, geophysical and geological data and is working to collate the information into a single dataset for the Vranso Project.

As part of the data validation process, several historical diamond drill holes have been identified throughout the project area, while the core from these holes has since been collected.

Arrow geologists are actively relogging the diamond drill core and preparing selected samples for re-assay.

Interestingly, a number of historical drill holes have never been examined with gold discovery in mind.

Arrow Minerals identifies highly conductive anomalous target following copper-gold drilling at Strickland Project

Arrow Minerals identifies highly conductive anomalous target following copper-gold drilling at Strickland Project Arrow Minerals Ltd - Arrow Minerals identifies highly conductive anomalous target following copper-gold drilling at Strickland Project
Additional drilling is being planned to test the large off-hole conductor.


Arrow Minerals Ltd (ASX:AMD) has identified a highly conductive anomalous target in copper-gold drilling at the Strickland Project in Western Australia.

The latest exploration program targeted five highly anomalous geochemistry and electromagnetic (EM) signatures characteristic of volcanogenic massive sulphide (VMS) copper-gold deposits, such as the Golden Grove deposit.

Arrow applied a combined approach of reverse circulation (RC) drilling in conjunction with downhole electromagnetic (DHEM) geophysical surveys to identify the presence of sulphides related to a mineralised VHMS system, both within and proximal to the drill holes.

Results suggest a major mineralised system

Speaking to the results, managing director Howard Golden said: “The outcomes of Arrow’s latest program at Strickland have increased our understanding of the mineralised geological system that we identified there.

“We collected and evaluated data systematically using multidisciplinary exploration techniques.

“This has resulted in the development of an exciting target with geochemical, geophysical and geological traits that suggest the presence of a major mineralised system.

“We are now moving into the planning phase for the next round of work at Strickland and evaluating a number of potential options to advance the project.”

Two distinct zones of conductance

At drill hole STKV009, the downhole EM (DHEM) survey confirmed the presence of two distinct zones of conductance – the first, Plate 1, is 50 metres long and 50 metres wide with a conductance of 150 siemens and the second, Plate 2, 300 metres long and 100 metres wide, with a conductance of 1000 siemens.

Assay results returned from samples collected from drill hole STKV009 highlighted a zone of elevated copper, 20 metres at 0.22% copper from 120 metres.

The anomalous copper zone is in close association with the modelled DHEM conductor Plate 1 and confirms the conductance response is related to copper sulphides.

A major off-hole conductor, modelled as Plate 2, has an area 12 times larger and a conductance 100 times greater than that of Plate 1.

This large area of elevated conductance coincides with the significant EM anomaly, T-08B, identified by the earlier SkyTEM survey.

Next on the agenda

Arrow is now evaluating the Strickland Project land package to identify similar coincident geochemical and geophysical signatures that would form the basis for the next phase of work.

When completed Arrow will rank and prioritise all targets available to the company to ensure resources are deployed to advance the highest-ranked targets with priority.

Arrow Minerals expands Boromo gold belt landholding through joint venture agreement

Arrow Minerals expands Boromo gold belt landholding through joint venture agreementArrow Minerals Ltd - Arrow Minerals expands Boromo gold belt landholding through joint venture agreement
Arrow has expanded its land position in the gold endowed Boromo Belt five-fold.


Arrow Minerals Ltd (ASX:AMD) has greatly expanded its landholding along the Boromo gold belt, extending its exploration tenure within gold-rich Burkina Faso.

The expansion provides Arrow with protracted exposure to the world-class Paleoproterozoic Birimian Greenstone lithologies within the West African gold belt, increasing its exploration tenure from 214 square kilometres to 1,216 square kilometres, and consolidated the strike length to 80 kilometres.

To complete the expansion, Arrow and the Trevali Mining Corporation executed a formal exploration joint venture agreement. This provides Arrow with gold exploration rights on Trevali’s exploration permits, the majority of which have not been exposed to modern exploration techniques specifically targeting gold.

The agreement incorporates eight exploration licences – Kikio, Kordie, Pilimpikou, Semapoun, and Viveo (100% Trevali); and Divole East, Divole West and Dyapya (100% Arrow).

“Excited and highly motivated" by Boromo opportunity

Arrow’s managing director Howard Golden said: “The Boromo Greenstone Belt hosts some of the largest gold deposits in Burkina Faso, exemplified by the multimillion-ounce Bissa and Bouly deposits to the north and Poura to the south.

“This agreement with Trevali gives us access to over 80 kilometres of the belt that has historically been explored almost exclusively for base metals.

“This portion of the belt has seen historical gold exploration that only scratched the surface but yielded high-grade gold anomalism.

“We have a successful team on the ground as demonstrated by the discovery of the Dassa deposit and they are excited and highly motivated by the opportunity presented by this agreement.”

The agreement

Under the joint venture agreement, Arrow secures the right to perform gold exploration over the Trevali permits along the Boromo Greenstone Belt, in exchange for a 51% interest in any gold resource that is defined on Trevali’s permits.

In turn, Trevali may now undertake base metals exploration on Arrow’s permits in the West African country, while Arrow can receive a 51% interest in any subsequent base metals mineral resource.

If Arrow discovers base metals on a Trevali Permit, Trevali will pay to reimburse Arrow an amount that is two times the amount of Arrow’s exploration costs and Trevali will grant a 2% NSR royalty to Arrow when mined, and vice versa.

Both companies will share exploration data as they hunt for precious and base metals on each other's properties.

Ultimately, the agreement positions Arrow to expand on the success generated by the Dassa gold deposit discovery at the Divole West tenement.

Fieldwork begins

Arrow has since started integrating the extensive geochemical, geophysical and geological data collected since 1982 into a comprehensive single dataset.

This integration also includes re-logging and re-assay of many historical diamond drill holes that have not been examined with gold discovery in mind.

Parallel to this, the company’s in-country exploration team has also started fieldwork.

The explorers are applying advanced geophysical and geochemical techniques which, when combined with the historical information, will allow Arrow to rapidly vector in on the highest priority gold targets, maximising the potential for discovery success.

Arrow Minerals adds technical expertise to board with appointment of Hugh Bresser

Arrow Minerals adds technical expertise to board with appointment of Hugh BresserArrow Minerals Ltd - Arrow Minerals adds technical exploration to the board with appointment of Hugh Bresser
Arrow is continuing to develop gold drill targets on its Nako and Boulsa projects in Burkina Faso.


Arrow Minerals Ltd (ASX:AMD) has added technical experience to its board through the appointment of a new executive director with Hugh Bresser to serve as technical director, effective immediately.

Bresser has a career in exploration spanning more than 25 years having served in executive roles with Billiton, BHP Billiton and Birimian Ltd and he has held board positions in several listed companies.

He has experience in mining exploration, executive management, mergers and acquisitions, governance, government and community relations in the global resources industry.

Boosting capability to add value

Arrow chairman Frazer Tabeart said: “As Arrow moves from greenfield exploration to expanding its existing deposits and growing the company, the appointment of Bresser adds a level of expertise in technical and corporate aspects of exploration that will allow us to move ahead rapidly, efficiently and effectively.

“Hugh’s expertise has been well demonstrated in global companies such as BHP Billiton, as well as in Africa-focused enterprises such as Birimian Ltd.

“We are delighted to welcome Hugh to the board and to the technical team.

“He will join a group of experienced professionals that have taken assets from acquisition to discovery in less than two years and will boost that capability to add value.”

Bresser holds a BSc (Hons – First Class) in geology from James Cook University and an MBA from Melbourne Business School, Mt Eliza and is a member of the AusIMM and AIG.

RC drilling at Poa prospect

The company started a 2,000-metre reverse circulation (RC) drilling program at the recently defined Poa gold prospect on Divole East exploration permit in Burkino Faso in May.

Drilling is aimed at defining bedrock gold mineralisation under multiple shallow geochemical anomalies at Poa and will continue at the Dassa deposits at Divole West where shallow mineralisation remains open down-dip.

A drilling program of further shallow targets on 100%-owned ground is also planned and subsequently on the permits to be explored through an agreement between Arrow and Trevali Mining Corp (TSE:TV) (OTCMKTS:TREVF).

Drilling is expected to continue through quarter four 2021, pausing only during the rainy season to ensure safe and efficient operations.

SUBSCRIBE TO RECEIVE ARROW INFORMATION AND UPDATES