Arrow to acquire Yarraloola Copper Project in WA Pilbara

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Stock Arrow Minerals Ltd (AMD.ASX)
Release Time 28 Apr 2026, 10:05 a.m.
Price Sensitive Yes
 Arrow to acquire Yarraloola Copper Project in WA Pilbara
Key Points
  • Historical copper mine and follow up drilling by Western Mining Corporation (WMC) in 1970s
  • Recent surface sampling returned grades up to 0.95 g/t Au and 48.1 g/t Ag
  • Seller is owned by founders of leading geophysical consulting group Newexco
Full Summary

Arrow Minerals Limited (ASX: AMD) has executed a Sale and Purchase Agreement to acquire an 80% interest in the Yarraloola Copper Project in the Pilbara of Western Australia. The project features historical copper mine workings that were partially tested in the 1970s by Western Mining Corporation (WMC), with encouraging drill results including 32.7 m at 0.7% Cu, 0.3% Pb, 16.3g/t Ag, and 0.4% Zn. Recent surface sampling by the vendor, Skryne Hill Pty Ltd, has also returned grades up to 0.95 g/t Au and 48.1 g/t Ag, indicating potential for gold mineralization that was not previously analyzed. Skryne Hill Pty Ltd is owned by Adrian Black and William Amann, who are founders, directors and majority shareholders of Newexco, one of Australia's leading geophysical consulting groups. Newexco has generated two new priority targets at the Ava and Fraser prospects, supported by a combination of coincident gravity and magnetic anomalies. An additional target, Mr Thomas, will also be subject to further geophysical surveys and drilling. The Yarraloola Copper Project is located approximately 80km east of Onslow in the West Pilbara region, an area considered highly prospective for gold and base metals based on nearby significant deposits. Arrow has committed to completing a 2,000 metre RC drilling program on the project in 2026.

Outlook

Arrow is very excited about the Yarraloola Copper Project and plans to undertake extensive drilling to test the historical copper mineralization and the new high-priority targets identified by Newexco.