Arrow Minerals Ltd. has completed its acquisition of an 80 per cent stake in the historic Yarraloola copper project in the West Pilbara region of Western Australia.
The company confirmed that all conditions precedent had been met following the completion of its second tranche of capital raising. Arrow secured the project from vendor Skryne Hill Pty Ltd for an initial consideration of AU$50,000 in cash and 125 million shares, valued at AU$500,000.
Under the joint venture terms, the vendor will retain a 20 per cent free-carried interest until a formal decision to mine is reached.
Yarraloola has sat largely idle for decades. The project was briefly mined in 1963, yielding a small but remarkably high-grade 2.8 tonnes of copper ore and cuprous concentrate averaging 14.6 per cent copper.
Exploration giant Western Mining Corporation (WMC) subsequently conducted drilling in the 1970s, identifying the area as a highly prospective volcanogenic massive sulphide (VMS) base metal system.
However, no substantive, modern exploration has taken place on the tenements since WMC’s departure.
Arrow is looking to reverse that trend, backed by technical expertise from Skryne Hill’s owners, Adrian Black and William Amann, the founders of prominent geophysical consulting group Newexco.
The team has already utilised advanced gravity and magnetic surveys to model two new high-priority targets, named Ava and Fraser, which will be the primary focus of an upcoming 2026 drilling campaign.
The revival also holds precious metal upside. Surface sampling conducted in late 2025 delivered encouraging grades of up to 0.95 grams per tonne of gold and 48.1 grams per tonne of silver. Crucially, none of WMC’s historical core samples were ever assayed for gold.
Arrow will issue an additional AU$600,000 in contingent shares to the vendors once a formal resource definition milestone is met, anchoring its strategy to fast-track a fresh copper inventory in WA.
