Aug 23 (Reuters) - Arrow Minerals Ltd AMD.AX :
* AGREED TO DISPOSE OF ITS REMAINING 49% INTEREST IN PILBARA GOLD PROJECT (PROJECT) TO PACTON GOLD INC.
* TO DISPOSE STAKE IN PILBARA GOLD PROJECT FOR C$1 MILLION IN CASH AND 2 MILLION PACTON SHARES
* PROJECT CONSISTS OF 2 EXPLORATION LICENCES, 2 EXPLORATION LICENCE APPLICATIONS TOTALLING 609KM2 IN PILBARA REGION OF WESTERN AUSTRALIA
* ARROW RETAINS ALL RIGHTS TO EXPLORE, MINE AND EXTRACT LITHIUM, CAESIUM AND TANTALUM FROM PROJECT