** Arrow Minerals AMD.AX soars 17.4% to A$0.027; set for biggest one-day pct gain session since January 24

** Iron miner says metallurgical results show high recoveries at its Niagra Bauxite Project in West Africa

** "The results reveal high recoveries and a product which will meet or exceed key market requirements and is highly saleable," says Managing Director David Flanagan

** About 2.4 mln shares traded vs the 30-day avg of 2.1 mln

** YTD, AMD down 32.5%

(Reporting by Manasi Dasa in Bengaluru)

((Manasi.DasaSundeep@thomsonreuters.com;))