Arrow Minerals (AMD) Q3 2026 TU earnings summary

Executive summary

• Pilbara iron-ore consolidation accelerated with a 70% interest acquired in E08/3668 and 13 new licence applications covering 979 km²; Guinea bauxite work also resumed.

• A Turee Creek iron project acquisition agreement was announced after quarter end, adding to the Pilbara project pipeline.

Financial highlights

• Cash was $2.022m at 30 September 2026, down from $3.365m at the prior quarter end; operating cash outflow was $869k and investing outflow was $454k.

• Exploration and evaluation payments were $167k in the quarter and $448k year to date; exploration and evaluation expenditure was reported as $0.2m for the quarter.

Outlook and guidance

• Priority is to establish a Pilbara development project pipeline, while advancing WA and Guinea assets concurrently.

• Niagara cost estimates and market assessments are being updated; further drilling is planned to inform a resource update and assess potential for an expanded operation above 4Mtpa.