Yarraloola Iron Ore Project

On 18 August 2026 the company agreed to acquire a 70% stake in a Direct Shipping Ore-grade iron ore project from Voyage Minerals Pty Ltd, a subsidiary of Leeuwin Metals Ltd (ASX:LM1).

The project is located on tenement application E08/3668, which is next to the eastern boundary of Arrow’s Yarraloola Copper Project. The entire tenement package covers an area of 319km².

Leeuwin has also granted Arrow a 12-month option to acquire a 70% joint venture interest in an additional two tenement applications E08/3719 and E08/3777 in the area.

The target area is less than 15km from the 65mtpa RRJV mine operations which have been in operation since the early 1970’s, and shares tenement boundaries with permits associated with Robe River Joint Venture’s (RRJV) acquisition of CZR Resources’ (ASX:CZR) interest in the Robe Mesa Iron Ore Project for AUD $75 million in 2025. Previous explorers on these tenements, most recently Leeuwin, noted highly compelling direct shipping grade Channel Iron mineralisation at surface, and currently being mined by the RRJV on adjoining tenements.

With a mapped strike length of more than 2km and a width of more than 250 metres and concealed by cover in each direction, the anomalous CID unit, referred to as the BBQ Valley CID target by CZR Resources (ASX:CZR) in 2014 is also crossed by the major North Western coastal highway, where iron mineralisation is evident on the verges of the road.