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Chilwa Minerals Ltd ( (AU:CHW) ) has issued an announcement.
Chilwa Minerals Limited has achieved a major milestone with the vesting of 10,000,000 Class A Performance Rights following an updated mineral resource estimate. This achievement reflects the company’s progress in meeting its target of announcing a JORC compliant Indicated Resource of 3 million tonnes THM within the stipulated timeframe. The vesting of these rights will result in the issuance of shares, with Luso Global Mining BV, the largest shareholder, receiving a significant portion. This development is expected to enhance Chilwa’s market presence and operational capabilities.
More about Chilwa Minerals Ltd
Chilwa Minerals Limited operates in the mining industry, focusing on mineral resource exploration and development. The company is involved in projects that aim to identify and develop significant mineral deposits, with a particular emphasis on the Chilwa Minerals Project.
Average Trading Volume: 42,549
Technical Sentiment Signal: Buy
See more insights into CHW stock on TipRanks’ Stock Analysis page.