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Arrow, Volt request ASX suspension amid Guinea licence uncertainty

21st May 2025

By: Mariaan Webb

Creamer Media Senior Deputy Editor Online

     

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ASX-listed exploration companies Arrow Minerals and Volt Resources have requested the voluntary suspension of their shares from trading, pending an announcement related to their tenements in Guinea.

The suspension follows trading halts requested by both companies on Monday after reports emerged that Guinea’s military-led government had cancelled 51 mining licences. The move is understood to be part of an initiative to reclaim dormant or underutilised concessions.

Arrow on Wednesday said it was not yet in a position to comment on the media reports from Guinea, noting that the trading suspension would remain in place until Friday.

The company holds interests in the early-stage Simandou North iron-ore project, located in Guinea’s premium iron belt, as well as the Niagara bauxite project, situated about 100 km from the Simandou railway corridor.

Volt, meanwhile, has focused its efforts on graphite projects in Ukraine and Tanzania, and last year ceased further expenditure on its gold assets in Guinea. The company subsequently impaired the carrying value of those assets, which are held through subsidiaries KB Gold and Novo Mines.

Edited by Creamer Media Reporter

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