onlyASX SYMBOL: AMD

usepersonalDIRECTORS / OFFICERS Frazer Tabeart

Chairman

Hugh Bresser

Managing Director

Tommy McKeith

Non-Executive Director

Catherine Grant-Edwards & Melissa Chapman

Joint Company Secretary

For

WEBSITE

www.arrowminerals.com.au

ASX Announcement

14 March 2022

NEW GOLD TARGETS IDENTIFIED VRANSO PROJECT, BURKINA FASO

Highlights

  • Five new anomalous gold targets within structural corridors delineated proximal to known mineralisation
  • Anomalies remain open to the North and South
  • Drill target development advancing

Arrow Minerals Limited (Arrow, Arrow Minerals or the Company) is pleased to report the results of its detailed soil geochemical survey conducted over the 10km Sanguie- Semapoun structural corridor at the Vranso Project, Burkina Faso.

Figure 1. Soil geochemical gold assay results highlighting anomalous gold bearing structures.

Arrow Minerals Limited

Suite 5, 63 Hay Street, Subiaco WA 6008

Tel +61 (8) 9383 3330

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Through December and January, Arrow undertook a detailed soil sampling program over the Sanguie- Semapoun structural corridor on 400m spaced lines and 50m centres. A total of 2,032 sites were sampled and dispatched to ALS in Ouagadougou for gold analysis by fire assay.

In conjunction with this field work, our joint venture partner, Trevali Mining, provided Arrow with access to historical soil sample pulps that had previously only been assayed for base metals. Arrow submitted these pulps for gold analysis.

The results of both soil sets of geochemical analysis highlighted and confirmed that the Sanguie- Semapoun structural corridor consists of multiple sub-parallel gold mineralised structures (Figure 1).

Drilling has only been undertaken on two of these sub-parallel systems, Guido and Semapoun, successfully identifying the occurrence of gold mineralisation at both prospects. Five newly confirmed sub-parallel systems, all extending for greater than 2km of strike, remain to be drill tested. A detailed structural analysis is underway to provide additional information to provide a vector toward the better grade and consistent gold bearing systems.

The gold anomalous geochemical corridor remains open to the north and south. As part of the ongoing exploration program, soil sampling is to be expanded to provide geochemical information over all areas of outcrop or shallow coverage. This information will be combined with the regional auger geochemistry information to provide a comprehensive geochemical map of the prospective Paleoproterozoic Birimian Greenstones within the Vranso Project area and define additional new gold targets.

Vranso Project

Figure 2: Vranso Project, central Burkina Faso, under explored gold bearing Paleoproterozoic Birimian Greenstone Belt.

Arrow Minerals Limited

Suite 5, 63 Hay Street, Subiaco WA 6008

Tel +61 (8) 9383 3330

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ABN 49 112 609 846

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The Vranso Project, located 100km west of the capital of Burkina Faso, Ouagadougou, consists of ten semi-contiguous exploration permits extending for over 80km along the main NE-SW trending Boromo Shear Zone, host to numerous multimillion-ounce gold deposits including Bissa, Bouly, Poura and Batie West. The Vranso Project encompasses 1,300 km2 of the richly gold endowed Paleoproterozoic Birimian Greenstone Belt in an area of established mining infrastructure where Arrow is applying systematic modern scientific gold exploration techniques for the first time (Figure 2).

Announcement authorised for release by Mr Hugh Bresser, Managing Director of Arrow Minerals. For further information visit www.arrowminerals.com.auor contact:

Arrow Minerals Limited

Mr Hugh Bresser

Managing Director

  1. info@arrowminerals.com.au

Competent Persons Statement

The information in this report that relates to Exploration Results is based on information compiled by Mr Hugh Bresser who is a Member of the Australian Institute of Geoscientists and Australasian Institute of Mining and Metallurgy. Mr Bresser is an employee of Milagro Ventures which provides executive and technical consultancy services to Arrow Minerals, Mr Bresser is in the role of Managing Director of Arrow Minerals, he has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the "Australasian Code for Reporting of Exploration Results, Minerals Resources and Ore Reserves". Mr Bresser consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.

About Arrow Minerals

Arrow Minerals Limited is a committed West African gold exploration company focused on shareholder value creation through the discovery of multi-million ounce gold deposits in Africa's Birimian Greenstone Belt through the application of systematic scientific exploration philosophies.

Arrow Minerals Limited

Suite 5, 63 Hay Street, Subiaco WA 6008

Tel +61 (8) 9383 3330

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JORC Code 2012 Edition

Section 1 Sampling Techniques and Data

Criteria

JORC Code explanation

Commentary

Sampling techniques

Nature and quality of sampling (eg cut

Samples are collected from a maximum depth of

channels, random chips, or specific

30cm below surface avoiding organic material and

specialised industry standard measurement

obvious surface contamination.

tools appropriate to the minerals under

Sample size ranges between 500g and 1kg of

investigation, such as down hole gamma

material passing through a 1mm sieve.

sondes, or handheld XRF instruments, etc).

Material is packaged into a MINSAM type paper

These examples should not be taken as

sample bag

limiting the broad meaning of sampling.

Include reference to measures taken to

ensure sample representivity and the

appropriate calibration of any measurement

tools or systems used.

Aspects of the determination of

mineralisation that are Material to the Public

Report.

In cases where 'industry standard' work has

been done this would be relatively simple

(eg 'reverse circulation drilling was used to

obtain 1 m samples from which 3 kg was

pulverised to produce a 30 g charge for fire

assay'). In other cases more explanation

may be required, such as where there is

coarse gold that has inherent sampling

problems. Unusual commodities or

mineralisation types (eg submarine nodules)

may warrant disclosure of detailed

information.

Drilling techniques

Drill type (eg core, reverse circulation, open-

N/A

hole hammer, rotary air blast, auger,

Bangka, sonic, etc) and details (eg core

diameter, triple or standard tube, depth of

diamond tails, face-sampling bit or other

type, whether core is oriented and if so, by

what method, etc).

Drill sample recovery

Method of recording and assessing core and

N/A

chip sample recoveries and results

assessed.

Measures taken to maximise sample

recovery and ensure representative nature

of the samples.

Whether a relationship exists between

sample recovery and grade and whether

sample bias may have occurred due to

preferential loss/gain of fine/coarse material.

Logging

Whether core and chip samples have been

Description of sample (soil type, regime,

geologically and geotechnically logged to a

landscape, colour, Geology, Slope direction, is

level of detail to support appropriate Mineral

recorded

Resource estimation, mining studies and

metallurgical studies.

Whether logging is qualitative or quantitative

in nature. Core (or costean, channel, etc)

photography.

The total length and percentage of the

relevant intersections logged.

Sub-sampling techniques

If core, whether cut or sawn and whether

All material is collected from the recorded depth

and sample preparation

quarter, half or all core taken.

and mixed prior to sieving.

If non-core, whether riffled, tube sampled,

rotary split, etc and whether sampled wet or

dry.

For all sample types, the nature, quality and appropriateness of the sample preparation technique.

Quality control procedures adopted for all sub-sampling stages to maximise representivity of samples.

Measures taken to ensure that the sampling

Arrow Minerals Limited

Suite 5, 63 Hay Street, Subiaco WA 6008

Tel +61 (8) 9383 3330

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ABN 49 112 609 846

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Criteria

JORC Code explanation

Commentary

is representative of the in situ material

collected, including for instance results for

field duplicate/second-half sampling.

Whether sample sizes are appropriate to the

grain size of the material being sampled.

Quality of assay data and

The nature, quality and appropriateness of

Duplicate samples are collected every20th site.

laboratory tests

the assaying and laboratory procedures

used and whether the technique is

considered partial or total.

For geophysical tools, spectrometers,

handheld XRF instruments, etc, the

parameters used in determining the analysis

including instrument make and model,

reading times, calibrations factors applied

and their derivation, etc.

Nature of quality control procedures adopted

(eg standards, blanks, duplicates, external

laboratory checks) and whether acceptable

levels of accuracy (ie lack of bias) and

precision have been established.

Verification of sampling

The verification of significant intersections by

N/A

and assaying

either independent or alternative company

personnel.

The use of twinned holes.

Documentation of primary data, data entry

procedures, data verification, data storage

(physical and electronic) protocols.

Discuss any adjustment to assay data.

Location of data points

Accuracy and quality of surveys used to

Sample Site positions for the soil sampling

locate drill holes (collar and down-hole

program were located with handheld GPS (+/- 2m)

surveys), trenches, mine workings and other

Coordinates are reported in this document using

locations used in Mineral Resource

WGS84 Zone 30N.

estimation.

Topographic control is either mm scale accuracy

Specification of the grid system used.

through survey, or established using handheld

Quality and adequacy of topographic control.

GPS (+/- 2m)

Data spacing and

Data spacing for reporting of Exploration

Data reported represents single point data.

distribution

Results.

No Mineral Resource and Ore Reserve estimation

Whether the data spacing and distribution is

procedure(s) and classifications applied.

sufficient to establish the degree of

No sample compositing applied.

geological and grade continuity appropriate

for the Mineral Resource and Ore Reserve

estimation procedure(s) and classifications

applied.

Whether sample compositing has been

applied.

Orientation of data in

Whether the orientation of sampling

Single point data, orientation in relation to

relation to geological

achieves unbiased sampling of possible

geological structure(s) unknown.

structure

structures and the extent to which this is

known, considering the deposit type.

If the relationship between the drilling

orientation and the orientation of key

mineralised structures is considered to have

introduced a sampling bias, this should be

assessed and reported if material.

Sample security

The measures taken to ensure sample

Samples secured in single sample bag then zip

security.

locked into large rice bags and dispatched via

courier to ALS laboratory in Ouagadougou at

which point the laboratory takes control as part of

chain of custody.

Historical pulps were securely stored at the Perkoa

Mine site and transported by vehicle directly to the

BUMIGEB laboratory at which point the chain of

custody is transferred to the laboratory.

Audits or reviews

The results of any audits or reviews of

None conducted as is considered unwarranted at

sampling techniques and data.

this early stage.

Arrow Minerals Limited

Suite 5, 63 Hay Street, Subiaco WA 6008

Tel +61 (8) 9383 3330

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ABN 49 112 609 846

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Arrow Minerals Limited published this content on 13 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 March 2022 21:33:07 UTC.