Having suspended all of its Guinea-based activities owing to uncertainty over exploration permits last year, ASX-listed Arrow Minerals has now signed a memorandum of understanding (MoU) with a Guinea government entity called The Société Guinéenne du Patrimoine Minier (Soguipami), which is the equity partner in all of Guinea’s mineral projects that proceed to mining.

The entity also manages Guinea’s mineral rights.

Arrow believes this MoU will foster opportunity for clarity and certainty around Arrow’s permits to explore and develop world-class bauxite and iron-ore projects in the country.

“This is an important milestone for Arrow. Soguipami is a highly credible project equity partner throughout Guinea and they have played a key role in representing the interests of the country while also attracting ongoing investment and in country development.

“Importantly, the MoU provides a framework for regular engagement with Arrow as a highly regarded mining company with proven capacity to advance new mining projects in accordance with the mining code,” Arrow MD David Flanagan explains.

The engagement with Soguipami under the MoU will also support timely clarification of tenure status, enabling the restart of field activities and investment at the Niagara and Simandou North prospects.

Arrow suspended trading of its shares in May last year, as well as stopped all project-based activities and funding to these project  in September last year, owing to uncertainty over the status of its exploration permits in Guinea.

While the MoU is currently non-binding, it does describe a clear intent of each party to work within the exiting regulatory framework to explore opportunities for Arrow to grow its portfolio and get clarity on the status of its existing permits.  

Meanwhile, Arrow also announced it executed a sale and purchase agreement to acquire an 80% interest in the Yarraloola copper project in the Pilbara region of Western Australia for a cash consideration of $50 0000 and $500 000 worth of shares.

Historical mining and drilling in the 1970s suggested Yarraloola is a volcanogenic massive sulphide base metal system. During its operation, the mine yielded 2.8 t of copper ore and cuprous concentrate grading 14.6% copper.

Surface sampling undertaken in November 2025 delivered grades of about 0.95 g/t gold and 48.1 g/t silver.

The vendor of the project, Skryne Hill, will retain a 20% free carried joint venture interest until Arrow makes a decision to mine. The seller is owned by Adrian Black and William Amann who are founders of Newexco – a leading geophysical consulting group in Australia.

The remainder of drilling on Yarraloola for the year will focus on the Ava and Fraser prospects.

Flanagan explains Yarraloola lied dormant for 50 years before Newexco acquired the ground, collected more quality magnetics and generated gravity data, with attractive targets having been found at surface.