Arrow Minerals

Website: www.arrowminerals.com.au
Primary ticker: ASX:AMD
Stage of development: Exploration
Primary minerals: Gold, Nickel, Lithium
Project to promote: Divole East and West

Live financials

Arrow Minerals is a gold exploration company with assets in Burkina Faso (West Africa) and Western Australia. The company has embarked on an aggressive drilling strategy at its Divole East and Divole West projects in Burkina Faso with initial results from Divole West expected in December 2019.

Management Profile

Howard Golden – CEO

Howard Golden (CEO) is a geophysicist with over 30 years’ experience in exploration across six continents, including significant operating experience throughout West Africa. Mr Golden has held senior roles with Nordgold, Rio Tinto, BHP and WMC, including discovery teams at Syama, Oyu Tolgoi, Agbaou and West Musgrave deposits.


Steven Michael – Executive Director

Steven Michael (Executive Director) has extensive experience in the global resources sector specialising in corporate finance and equity capital markets. He has over 20 years’ experience in natural resources with RBC Capital Markets, Macquarie Bank and NM Rothschild & Sons.


What is your rationale for attending 121 Mining Investment?

Arrow completed the acquisition of Boromo Gold Limited (private) in August 2019. The 121 Mining Investment conference is the first opportunity to present the new company to investors, including the major exploration programmes planned in Burkina Faso and Western Australia.


What recent news would you like to highlight to investors attending?

17/9/19 – Drilling Extends Gold Mineralisation at Divole East
26/8/19 – Acquisition of Boromo Gold Limited complete


What are your key goals for the next 3, 6 and 12 months?

3 Months:

Complete drilling programmes at Divole West and Divole East

6 Months:

Undertake geochemical and auger sampling at Boulsa, Hounde South and Nako (Burkina Faso) and Strickland (Australia)

12 Months:

Follow up drilling over major mineralised prospects in Burkina Faso and Western Australia projects


What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?

Main challenge is to advance several projects at the same time while trying to focus on key target areas. Need to ensure all projects are getting sufficient work and exploration budget. Having an experienced local exploration in Burkina Faso means that we can explore all year without requiring a large ex-pat presence.


In a sentence, what do you think makes your company such a compelling investment?

Arrow is undertaking a considerable amount of exploration drilling with the potential for a significant gold discovery. The company has an enterprise value of around $6 million, making it highly leveraged to success.